National Bank (NYSE:NBHC) Rating Increased to Hold at Zacks Research

National Bank (NYSE:NBHC) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also issued reports on NBHC. Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a report on Monday, November 10th. Keefe, Bruyette & Woods boosted their price target on National Bank from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a report on Wednesday, October 8th. Finally, Hovde Group raised shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 target price for the company in a research note on Thursday, September 18th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

National Bank Stock Performance

Shares of NBHC opened at $39.11 on Monday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 12.38 and a beta of 0.81. National Bank has a 12 month low of $32.83 and a 12 month high of $44.92. The firm has a fifty day simple moving average of $37.52 and a 200 day simple moving average of $38.06. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Thursday, August 14th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter. National Bank had a net margin of 20.50% and a return on equity of 9.56%. The firm had revenue of $102.07 million for the quarter. Research analysts forecast that National Bank will post 3.31 EPS for the current fiscal year.

Institutional Investors Weigh In On National Bank

A number of large investors have recently added to or reduced their stakes in NBHC. Assenagon Asset Management S.A. acquired a new position in shares of National Bank in the third quarter valued at $25,869,000. Deprince Race & Zollo Inc. acquired a new position in National Bank in the 3rd quarter valued at about $14,240,000. Millennium Management LLC grew its stake in National Bank by 2,057.9% in the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after buying an additional 190,210 shares during the last quarter. Two Sigma Investments LP raised its holdings in National Bank by 146.3% in the 3rd quarter. Two Sigma Investments LP now owns 304,987 shares of the financial services provider’s stock valued at $11,785,000 after acquiring an additional 181,137 shares during the period. Finally, Citadel Advisors LLC lifted its position in National Bank by 144.1% during the third quarter. Citadel Advisors LLC now owns 236,354 shares of the financial services provider’s stock worth $9,133,000 after acquiring an additional 139,527 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.