Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for National Bank (NYSE:NBHC)

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of National Bank (NYSE:NBHC) in a research report sent to investors on Friday, Benzinga reports. Keefe, Bruyette & Woods currently has a $39.00 price target on the financial services provider’s stock, down from their previous price target of $40.00.

A number of other equities research analysts have also issued reports on NBHC. TheStreet lowered shares of National Bank from a b rating to a c+ rating in a report on Monday, March 18th. Piper Sandler raised their price target on shares of National Bank from $40.00 to $41.00 and gave the stock an overweight rating in a report on Thursday, January 25th. Finally, StockNews.com raised shares of National Bank from a sell rating to a hold rating in a report on Saturday, April 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, National Bank currently has a consensus rating of Hold and an average target price of $38.63.

National Bank Price Performance

Shares of NYSE:NBHC opened at $33.36 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 9.59 and a beta of 0.84. The company’s fifty day moving average is $34.12 and its 200 day moving average is $34.16. National Bank has a 52 week low of $26.48 and a 52 week high of $38.71. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $149.43 million for the quarter, compared to analysts’ expectations of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.20%. During the same quarter last year, the company earned $1.06 EPS. Research analysts anticipate that National Bank will post 3.33 earnings per share for the current year.

Institutional Investors Weigh In On National Bank

Large investors have recently modified their holdings of the stock. Quantbot Technologies LP boosted its stake in shares of National Bank by 2,352.0% during the 3rd quarter. Quantbot Technologies LP now owns 4,904 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 4,704 shares in the last quarter. Quest Partners LLC bought a new stake in National Bank during the fourth quarter worth about $194,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in National Bank by 45.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 2,145 shares in the last quarter. Everence Capital Management Inc. bought a new stake in National Bank during the fourth quarter worth about $244,000. Finally, Mutual of America Capital Management LLC bought a new stake in National Bank during the fourth quarter worth about $246,000. Institutional investors own 92.65% of the company’s stock.

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.