StockNews.com Upgrades National Bank (NYSE:NBHC) to Hold

National Bank (NYSE:NBHC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Separately, Keefe, Bruyette & Woods lifted their target price on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $51.40.

National Bank Price Performance

NYSE NBHC opened at $39.32 on Wednesday. The firm has a market cap of $1.50 billion, a P/E ratio of 12.72 and a beta of 0.86. The stock’s 50-day moving average is $41.96 and its two-hundred day moving average is $43.51. National Bank has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94.

National Bank (NYSE:NBHC) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. On average, analysts anticipate that National Bank will post 3.31 earnings per share for the current fiscal year.

Institutional Trading of National Bank

A number of hedge funds have recently bought and sold shares of the stock. Quarry LP lifted its stake in shares of National Bank by 503.1% in the fourth quarter. Quarry LP now owns 971 shares of the financial services provider’s stock valued at $42,000 after buying an additional 810 shares during the period. Sterling Capital Management LLC raised its holdings in National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,052 shares in the last quarter. KBC Group NV lifted its position in shares of National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 1,080 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of National Bank during the 4th quarter worth approximately $174,000. Finally, Atria Investments Inc bought a new stake in shares of National Bank during the third quarter valued at approximately $202,000. 92.65% of the stock is owned by institutional investors.

About National Bank

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.