National Bank (NYSE:NBHC) Upgraded 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 Saturday.

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

National Bank Stock Down 0.0 %

NBHC stock opened at $33.98 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.33. The company has a market cap of $1.28 billion, a PE ratio of 9.13 and a beta of 0.84. National Bank has a 52 week low of $26.48 and a 52 week high of $38.71. The business has a 50-day simple moving average of $34.15 and a 200 day simple moving average of $34.05.

National Bank (NYSE:NBHC) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.84 by $0.03. The firm had revenue of $107.23 million during the quarter, compared to the consensus estimate of $103.96 million. National Bank had a return on equity of 12.20% and a net margin of 25.40%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Sell-side analysts anticipate that National Bank will post 3.33 EPS for the current fiscal year.

Institutional Trading of National Bank

Several institutional investors have recently added to or reduced their stakes in NBHC. Quantbot Technologies LP boosted its holdings in National Bank by 2,352.0% in the third quarter. Quantbot Technologies LP now owns 4,904 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 4,704 shares during the last quarter. Quest Partners LLC acquired a new position in National Bank in the fourth quarter valued at approximately $194,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in National Bank by 45.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock valued at $204,000 after buying an additional 2,145 shares during the period. Everence Capital Management Inc. acquired a new position in National Bank in the fourth quarter valued at approximately $244,000. Finally, Mutual of America Capital Management LLC acquired a new position in National Bank in the fourth quarter valued at approximately $246,000. 92.65% of the stock is currently 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.