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

Zacks Research upgraded shares of National Bank (NYSE:NBHC) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

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

National Bank Stock Performance

NYSE:NBHC opened at $39.11 on Monday. The company has a 50-day moving average of $37.52 and a 200-day moving average of $38.06. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 12.38 and a beta of 0.81. 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 has a twelve month low of $32.83 and a twelve month high of $44.92.

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

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 28th. This is a positive change from National Bank’s previous quarterly dividend of ($0.30). This represents a $1.24 annualized dividend and a yield of 3.2%. National Bank’s payout ratio is presently 39.24%.

Institutional Investors Weigh In On National Bank

A number of institutional investors have recently bought and sold shares of NBHC. Tudor Investment Corp ET AL grew its stake in National Bank by 87.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 210,330 shares of the financial services provider’s stock valued at $8,127,000 after acquiring an additional 98,229 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in National Bank by 214.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 44,126 shares of the financial services provider’s stock valued at $1,705,000 after purchasing an additional 30,115 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in National Bank by 4.1% during the third quarter. CANADA LIFE ASSURANCE Co now owns 34,551 shares of the financial services provider’s stock valued at $1,352,000 after purchasing an additional 1,376 shares in the last quarter. Dark Forest Capital Management LP increased its stake in National Bank by 98.8% in the 3rd quarter. Dark Forest Capital Management LP now owns 92,495 shares of the financial services provider’s stock valued at $3,574,000 after buying an additional 45,971 shares during the period. Finally, PharVision Advisers LLC purchased a new stake in National Bank in the 3rd quarter worth approximately $423,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.