National Bank’s (NBHC) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of National Bank (NYSE:NBHC) in a research note released on Friday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $39.00 price target on the financial services provider’s stock, down from their prior price target of $40.00.

Several other analysts have also issued reports on the stock. Piper Sandler raised their price target on shares of National Bank from $40.00 to $41.00 and gave the stock an overweight rating in a research report on Thursday, January 25th. StockNews.com raised shares of National Bank from a sell rating to a hold rating in a report on Saturday, April 20th. Finally, TheStreet downgraded shares of National Bank from a b rating to a c+ rating in a report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, National Bank currently has a consensus rating of Hold and an average price target of $38.00.

National Bank Stock Performance

NYSE NBHC opened at $33.50 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.95. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.63 and a beta of 0.84. The company’s fifty day moving average is $34.14 and its two-hundred day moving average is $34.09. National Bank has a 52-week low of $26.48 and a 52-week high of $38.71.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The company had revenue of $149.43 million for the quarter, compared to analyst estimates of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.20%. During the same period last year, the business posted $1.06 EPS. Equities research analysts forecast that National Bank will post 3.33 EPS for the current year.

Hedge Funds Weigh In On National Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in National Bank by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 110,814 shares of the financial services provider’s stock valued at $3,298,000 after purchasing an additional 331 shares during the last quarter. Swiss National Bank lifted its holdings in National Bank by 1.2% during the 3rd 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 lifted its holdings in National Bank by 15.6% during the 4th 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. lifted its holdings in National Bank by 8.1% during the 4th 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 lifted its holdings in National Bank by 18.2% during the 4th 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.

National Bank Company Profile

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.