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

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

A number of other equities analysts have also recently weighed in on NBHC. TheStreet cut National Bank from a b rating to a c+ rating in a report on Monday, March 18th. Piper Sandler raised their target price on National Bank from $40.00 to $41.00 and gave the company an overweight rating in a report on Thursday, January 25th.

National Bank Stock Performance

NYSE NBHC opened at $34.79 on Friday. The stock’s fifty day moving average is $34.18 and its two-hundred day moving average is $34.07. The firm has a market capitalization of $1.31 billion, a P/E ratio of 9.35 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 0.95. National Bank has a fifty-two week low of $26.48 and a fifty-two week high of $38.71.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The company had revenue of $107.23 million for the quarter, compared to analyst estimates of $103.96 million. National Bank had a return on equity of 12.20% and a net margin of 25.40%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, research analysts anticipate that National Bank will post 3.33 earnings per share for the current year.

Hedge Funds Weigh In On National Bank

Several hedge funds and other institutional investors have recently bought and sold shares of NBHC. Rhumbline Advisers raised its holdings in shares of National Bank by 0.3% in the third quarter. Rhumbline Advisers now owns 110,814 shares of the financial services provider’s stock worth $3,298,000 after acquiring an additional 331 shares during the last quarter. Swiss National Bank increased its stake in National Bank by 1.2% in the third quarter. Swiss National Bank now owns 66,400 shares of the financial services provider’s stock valued at $1,976,000 after purchasing an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in National Bank by 15.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,924 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 1,067 shares during the last quarter. Natixis Advisors L.P. increased its stake in National Bank by 8.1% in the fourth quarter. Natixis Advisors L.P. now owns 14,693 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in National Bank by 18.2% in the fourth quarter. Teacher Retirement System of Texas now owns 10,938 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 1,687 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

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.