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

National Bank (NYSE:NBHC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Hovde Group dropped their target price on National Bank from $48.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $49.00.

National Bank Price Performance

Shares of NYSE NBHC opened at $33.93 on Friday. The stock’s 50-day simple moving average is $39.69 and its 200-day simple moving average is $42.87. The firm has a market capitalization of $1.29 billion, a PE ratio of 10.98 and a beta of 0.77. 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 quick ratio of 0.94 and a current ratio of 0.95.

National Bank (NYSE:NBHC) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 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%. As a group, equities research analysts forecast that National Bank will post 3.31 EPS for the current fiscal year.

Hedge Funds Weigh In On National Bank

A number of hedge funds have recently bought and sold shares of NBHC. Assenagon Asset Management S.A. acquired a new position in shares of National Bank during the fourth quarter valued at $1,790,000. Amundi lifted its position in National Bank by 197.3% in the 4th quarter. Amundi now owns 19,278 shares of the financial services provider’s stock valued at $826,000 after purchasing an additional 12,793 shares during the last quarter. State Street Corp boosted its stake in 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 valued at $75,747,000 after purchasing an additional 126,796 shares during the period. Barclays PLC grew its position in National Bank by 91.9% in the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider’s stock worth $4,340,000 after purchasing an additional 49,359 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of National Bank by 1.1% in the third quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock valued at $36,276,000 after purchasing an additional 9,723 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.