National Bank (NYSE:NBHC) Stock Gets Price Target Cut from Piper Sandler

National Bank (NYSE:NBHC) had its price objective decreased by Piper Sandler from $49.00 to $45.00 in a report issued on Thursday morning, Marketbeat reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

NBHC has been the subject of several other reports. DA Davidson reduced their price objective on National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Weiss Ratings cut National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Stephens downgraded shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a report on Thursday, August 6th. Finally, Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

National Bank Price Performance

Shares of NBHC opened at $37.87 on Thursday. The company’s fifty day moving average price is $40.63 and its 200-day moving average price is $41.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market capitalization of $1.69 billion, a PE ratio of 15.91 and a beta of 0.84. National Bank has a 1-year low of $35.06 and a 1-year high of $47.28.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%. The business had revenue of $129.94 million for the quarter, compared to analysts’ expectations of $135.08 million. During the same period last year, the business earned $0.88 EPS. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. On average, equities research analysts predict that National Bank will post 2.80 EPS for the current year.

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 28th. National Bank’s dividend payout ratio (DPR) is currently 53.78%.

Institutional Trading of National Bank

Several institutional investors and hedge funds have recently modified their holdings of the business. Avidian Wealth Enterprises LLC acquired a new position in shares of National Bank in the 3rd quarter worth approximately $291,000. Versant Capital Management Inc grew its position in shares of National Bank by 108.7% during the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 462 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of National Bank during the second quarter worth about $433,000. Integrated Wealth Concepts LLC acquired a new position in National Bank during the 2nd quarter valued at about $90,000. Finally, Squarepoint Ops LLC boosted its stake in National Bank by 31.3% during the 2nd quarter. Squarepoint Ops LLC now owns 16,655 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 3,974 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its banking subsidiary, NBH Bank, the company provides community banking services to individuals, families, businesses and institutions.

Its products and services include checking and savings accounts, certificates of deposit, consumer and residential lending, commercial and industrial loans, commercial real estate financing, treasury management, wealth management and other financial services.