National Bank (NBHC) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of National Bank (NYSE:NBHC) from a hold rating to a buy rating in a report published on Saturday. They currently have $38.00 target price on the financial services provider’s stock.

According to Zacks, “National Bank Holdings Corporation is a bank holding company operating full-service banking centers, with the majority of those banking centers located in Colorado and the greater Kansas City region. The Company, through its subsidiaries, provides services through community banking franchises serving the needs of retail and business customers. National Bank Holdings Corporation is based in Greenwood Village, Colorado. “

A number of other research analysts also recently commented on the company. BidaskClub downgraded National Bank from a hold rating to a sell rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods downgraded National Bank from an outperform rating to a mkt perform rating in a research note on Saturday, October 21st. Finally, Hovde Group set a $35.00 target price on National Bank and gave the company a hold rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. National Bank has a consensus rating of Hold and a consensus price target of $35.83.

National Bank (NYSE:NBHC) opened at $33.34 on Friday. The firm has a market capitalization of $901.56, a price-to-earnings ratio of 26.86, a P/E/G ratio of 1.93 and a beta of 0.66. National Bank has a 52-week low of $30.10 and a 52-week high of $37.08. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $47.45 million for the quarter, compared to analyst estimates of $48.90 million. National Bank had a net margin of 17.13% and a return on equity of 6.40%. During the same period in the previous year, the firm posted $0.30 earnings per share. equities analysts predict that National Bank will post 1.21 EPS for the current fiscal year.

In other National Bank news, Director Robert E. Dean sold 3,076 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $33.74, for a total value of $103,784.24. Following the transaction, the director now owns 22,910 shares in the company, valued at $772,983.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of National Bank by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,577,232 shares of the financial services provider’s stock worth $85,332,000 after acquiring an additional 68,938 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of National Bank by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,258,619 shares of the financial services provider’s stock worth $80,610,000 after acquiring an additional 8,075 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of National Bank by 0.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,154,900 shares of the financial services provider’s stock worth $38,239,000 after acquiring an additional 10,600 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of National Bank by 8.8% during the 3rd quarter. Brown Advisory Inc. now owns 1,006,412 shares of the financial services provider’s stock worth $35,919,000 after acquiring an additional 81,198 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of National Bank by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 623,391 shares of the financial services provider’s stock worth $22,249,000 after acquiring an additional 14,163 shares in the last quarter. Institutional investors own 95.61% of the company’s stock.

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About National Bank

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

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