National Bank (NYSE:NBHC) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of National Bank (NYSE:NBHC) from a sell rating to a hold rating in a report issued on Wednesday.

Separately, Keefe, Bruyette & Woods increased their price target on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.40.

National Bank Trading Up 0.4 %

NBHC opened at $39.89 on Wednesday. The firm’s 50 day moving average is $42.03 and its 200-day moving average is $43.54. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.52 billion, a P/E ratio of 12.91 and a beta of 0.86.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. Analysts expect that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.91%. National Bank’s payout ratio is 37.54%.

Institutional Trading of National Bank

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of National Bank by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider’s stock worth $182,160,000 after acquiring an additional 35,910 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in National Bank by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider’s stock worth $89,984,000 after purchasing an additional 32,983 shares during the period. State Street Corp increased its stake in National Bank by 7.6% during the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock valued at $75,747,000 after purchasing an additional 126,796 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of National Bank by 1.1% during the third quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after purchasing an additional 9,723 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after buying an additional 208,303 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.