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

National Bank (NYSE:NBHC) had its target price boosted by stock analysts at Stephens from $38.00 to $46.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Stephens’ target price would indicate a potential upside of 4.78% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Piper Sandler cut National Bank from an “overweight” rating to a “neutral” rating and raised their price target for the company from $42.00 to $46.00 in a report on Thursday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $39.00 target price (down from $40.00) on shares of National Bank in a research note on Friday, April 26th. DA Davidson upped their price target on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Hovde Group decreased their price objective on shares of National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a report on Monday, April 29th. Finally, StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, National Bank presently has an average rating of “Hold” and an average price target of $43.30.

National Bank Price Performance

Shares of NYSE:NBHC traded up $0.62 on Thursday, hitting $43.90. The stock had a trading volume of 180,529 shares, compared to its average volume of 198,916. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 12.62 and a beta of 0.86. 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’s 50 day moving average price is $38.51 and its 200-day moving average price is $35.89. National Bank has a twelve month low of $28.38 and a twelve month high of $46.51.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The firm had revenue of $99.31 million during the quarter, compared to analyst estimates of $102.96 million. National Bank had a net margin of 21.40% and a return on equity of 10.54%. National Bank’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities research analysts predict that National Bank will post 3.08 earnings per share for the current year.

Hedge Funds Weigh In On National Bank

Hedge funds have recently added to or reduced their stakes in the stock. Elizabeth Park Capital Advisors Ltd. bought a new stake in shares of National Bank in the 4th quarter valued at about $2,408,000. Vanguard Group Inc. boosted its position in shares of National Bank by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock worth $156,955,000 after purchasing an additional 25,349 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of National Bank by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock valued at $62,426,000 after buying an additional 79,519 shares during the period. Hsbc Holdings PLC raised its stake in National Bank by 1,015.3% during the 4th quarter. Hsbc Holdings PLC now owns 235,268 shares of the financial services provider’s stock worth $8,754,000 after buying an additional 214,174 shares during the period. Finally, Wellington Management Group LLP grew its stake in National Bank by 6.5% in the fourth quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock valued at $145,226,000 after acquiring an additional 239,401 shares during the period. Institutional investors and hedge funds 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.