Stephens Increases National Bank (NYSE:NBHC) Price Target to $46.00

National Bank (NYSE:NBHCGet Rating) had its target price increased by Stephens from $45.00 to $46.00 in a report published on Wednesday morning, MarketBeat.com reports. Stephens currently has an equal weight rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. StockNews.com began coverage on National Bank in a research note on Thursday, March 31st. They issued a hold rating on the stock. Zacks Investment Research lowered National Bank from a buy rating to a hold rating in a research note on Friday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $45.50.

Shares of NBHC stock opened at $38.69 on Wednesday. The business’s 50-day moving average price is $41.70 and its 200-day moving average price is $43.47. National Bank has a 12 month low of $34.11 and a 12 month high of $48.24. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 12.85 and a beta of 0.89. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.05.

National Bank (NYSE:NBHCGet Rating) last announced its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. National Bank had a return on equity of 11.20% and a net margin of 30.07%. The firm had revenue of $67.03 million for the quarter, compared to analyst estimates of $70.51 million. During the same period last year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was down 16.1% on a year-over-year basis. On average, sell-side analysts predict that National Bank will post 2.74 earnings per share for the current fiscal year.

In other National Bank news, CEO G. Timothy Laney sold 10,000 shares of National Bank stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $45.61, for a total value of $456,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NBHC. Eagle Bay Advisors LLC increased its holdings in shares of National Bank by 24.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,598 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 312 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of National Bank by 48.6% during the second quarter. Royal Bank of Canada now owns 5,099 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 1,668 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in National Bank during the third quarter worth $200,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in National Bank by 60.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,976 shares of the financial services provider’s stock worth $219,000 after buying an additional 1,884 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in National Bank during the third quarter worth $273,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

National Bank Company Profile (Get Rating)

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.

Featured Articles

Receive News & Ratings for National Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank and related companies with MarketBeat.com's FREE daily email newsletter.