Hovde Group Cuts National Bank (NYSE:NBHC) Price Target to $43.00

National Bank (NYSE:NBHC) had its price objective trimmed by Hovde Group from $48.00 to $43.00 in a report published on Wednesday,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on the stock. StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. Keefe, Bruyette & Woods upped their price objective on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.00.

National Bank Trading Down 3.5 %

Shares of NBHC opened at $34.16 on Wednesday. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. The business’s fifty day moving average is $40.86 and its 200-day moving average is $43.24. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 11.06 and a beta of 0.86.

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

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.40%. The ex-dividend date was Friday, February 28th. National Bank’s dividend payout ratio (DPR) is currently 37.54%.

Institutional Investors Weigh In On National Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in shares of National Bank by 36.1% in the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after buying an additional 208,303 shares in the last quarter. Boston Partners increased its position in shares of National Bank by 90.3% in the fourth quarter. Boston Partners now owns 403,255 shares of the financial services provider’s stock worth $17,366,000 after purchasing an additional 191,336 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of National Bank by 74.7% in the fourth quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider’s stock worth $14,276,000 after purchasing an additional 141,716 shares during the last quarter. State Street Corp lifted its holdings in shares of National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after acquiring an additional 126,796 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its stake in National Bank by 1,207.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 70,076 shares of the financial services provider’s stock worth $3,017,000 after purchasing an additional 64,716 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

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.