National Bank (NYSE:NBHC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of National Bank (NYSE:NBHCFree Report) from a sell rating to a hold rating in a report issued on Wednesday morning.

NBHC has been the topic of a number of other research reports. TheStreet downgraded National Bank from a b rating to a c+ rating in a research note on Monday, March 18th. Keefe, Bruyette & Woods restated a market perform rating and set a $39.00 target price (down previously from $40.00) on shares of National Bank in a report on Friday, April 26th. Finally, Hovde Group lowered their price target on National Bank from $45.00 to $40.50 and set an outperform rating for the company in a research note on Monday, April 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $38.63.

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National Bank Price Performance

National Bank stock opened at $36.47 on Wednesday. National Bank has a 52 week low of $28.38 and a 52 week high of $38.71. The business’s fifty day moving average is $34.96 and its two-hundred day moving average is $34.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $1.38 billion, a P/E ratio of 10.48 and a beta of 0.84.

National Bank (NYSE:NBHCGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The firm had revenue of $149.43 million for the quarter, compared to the consensus estimate of $101.98 million. National Bank had a return on equity of 11.20% and a net margin of 22.94%. During the same quarter in the prior year, the business earned $1.06 EPS. Equities research analysts forecast that National Bank will post 3.08 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.28 per share. The ex-dividend date is Friday, May 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.07%. This is a positive change from National Bank’s previous quarterly dividend of $0.27. National Bank’s dividend payout ratio (DPR) is currently 32.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP boosted its stake in National Bank by 2,352.0% in the 3rd quarter. Quantbot Technologies LP now owns 4,904 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 4,704 shares during the period. Quest Partners LLC bought a new position in shares of National Bank during the fourth quarter worth about $194,000. Everence Capital Management Inc. acquired a new stake in National Bank in the 4th quarter valued at approximately $244,000. Mutual of America Capital Management LLC bought a new stake in National Bank in the 4th quarter valued at approximately $246,000. Finally, Aigen Investment Management LP acquired a new position in National Bank during the 3rd quarter worth approximately $267,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Company Profile

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National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.

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