National Bank (NYSE:NBHC) Stock Rating Lowered by Stephens

National Bank (NYSE:NBHC) was downgraded by equities research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a $46.00 price target on the financial services provider’s stock. Stephens’ target price would suggest a potential upside of 6.41% from the stock’s current price.

NBHC has been the topic of a number of other research reports. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. DA Davidson reaffirmed a “buy” rating and set a $46.00 price objective on shares of National Bank in a research note on Wednesday, April 22nd. Finally, Piper Sandler reduced their price objective on National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.80.

National Bank Stock Down 0.6%

Shares of NYSE NBHC opened at $43.23 on Thursday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 18.16 and a beta of 0.79. National Bank has a one year low of $35.06 and a one year high of $47.28. The firm’s 50 day simple moving average is $43.54 and its two-hundred day simple moving average is $41.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $135.08 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 23.4% compared to the same quarter last year. As a group, analysts expect that National Bank will post 3.35 EPS for the current fiscal year.

Institutional Investors Weigh In On National Bank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in National Bank by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock valued at $82,271,000 after buying an additional 40,669 shares during the period. State Street Corp increased its position in shares of National Bank by 2.6% in the fourth quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock valued at $71,797,000 after acquiring an additional 47,991 shares during the period. Deprince Race & Zollo Inc. raised its stake in shares of National Bank by 215.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after acquiring an additional 793,902 shares during the last quarter. Leeward Investments LLC MA raised its stake in shares of National Bank by 20.9% during the fourth quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock valued at $20,305,000 after acquiring an additional 92,489 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in shares of National Bank by 39.0% during the fourth quarter. Kennedy Capital Management LLC now owns 505,333 shares of the financial services provider’s stock worth $19,208,000 after purchasing an additional 141,726 shares during the period. 92.65% of the stock is currently owned by institutional investors.

About National Bank

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.