Hovde Group Analysts Give National Bank (NBHC) a $35.00 Price Target
Several other research firms have also commented on NBHC. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $35.00 price objective on shares of National Bank in a research note on Wednesday, October 4th. BidaskClub lowered shares of National Bank from a buy rating to a hold rating in a research note on Tuesday, October 17th. Finally, Zacks Investment Research lowered shares of National Bank from a hold rating to a strong sell rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $35.40.
National Bank (NYSE:NBHC) opened at $32.71 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market cap of $878.20, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 1.97 and a beta of 0.66. National Bank has a one year low of $30.10 and a one year high of $37.08.
National Bank (NYSE:NBHC) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $47.45 million for the quarter, compared to analysts’ expectations of $48.90 million. National Bank had a return on equity of 6.40% and a net margin of 17.13%. During the same period in the previous year, the firm earned $0.30 earnings per share. equities analysts anticipate that National Bank will post 1.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.36 annualized dividend and a dividend yield of 1.10%. National Bank’s dividend payout ratio (DPR) is 29.03%.
In other news, Director Robert E. Dean sold 3,076 shares of National Bank stock in a transaction on Monday, December 4th. The stock was sold at an average price of $33.74, for a total transaction of $103,784.24. Following the completion of the sale, the director now directly owns 22,910 shares in the company, valued at $772,983.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.60% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new stake in shares of National Bank during the third quarter worth $208,000. Cubist Systematic Strategies LLC bought a new stake in shares of National Bank during the second quarter worth $201,000. Victory Capital Management Inc. lifted its position in shares of National Bank by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,478 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 970 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of National Bank during the third quarter worth $284,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of National Bank during the third quarter worth $326,000. Institutional investors and hedge funds own 95.61% of the company’s stock.
National Bank Company Profile
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
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