National Bank (NYSE:NBHC) Upgraded at Zacks Research

Zacks Research upgraded shares of National Bank (NYSE:NBHC) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks reports.

Several other equities analysts have also issued reports on the company. DA Davidson decreased their target price on National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday. Stephens downgraded National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a research report on Thursday, August 6th. Weiss Ratings lowered shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Piper Sandler reduced their price target on shares of National Bank from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

National Bank Stock Down 1.6%

Shares of NYSE NBHC opened at $37.67 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $41.36 and its two-hundred day moving average is $42.01. National Bank has a 52-week low of $35.06 and a 52-week high of $47.28. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 15.83 and a beta of 0.84.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%.The firm had revenue of $129.94 million for the quarter, compared to analysts’ expectations of $135.08 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The company’s quarterly revenue was up 23.4% on a year-over-year basis. Research analysts predict that National Bank will post 3.04 EPS for the current year.

National Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were issued a $0.32 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.28 dividend on an annualized basis and a yield of 3.4%. National Bank’s dividend payout ratio (DPR) is 53.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NBHC. Nykredit A S purchased a new position in shares of National Bank in the 2nd quarter valued at about $34,000. Versant Capital Management Inc increased its stake in shares of National Bank by 108.7% during the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after buying an additional 462 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of National Bank during the second quarter worth approximately $90,000. Arrowstreet Capital Limited Partnership acquired a new stake in National Bank in the first quarter valued at approximately $219,000. Finally, Pictet Asset Management Holding SA acquired a new stake in National Bank in the first quarter valued at approximately $221,000. 92.65% of the stock is owned by institutional investors and hedge funds.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its banking subsidiary, NBH Bank, the company provides community banking services to individuals, families, businesses and institutions.

Its products and services include checking and savings accounts, certificates of deposit, consumer and residential lending, commercial and industrial loans, commercial real estate financing, treasury management, wealth management and other financial services.