National Bank (NBHC) PT Set at $35.00 by Hovde Group

National Bank (NYSE:NBHC) has been given a $35.00 target price by equities research analysts at Hovde Group in a report released on Wednesday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Hovde Group’s price objective would indicate a potential upside of 8.59% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $37.00 price target on shares of National Bank in a research report on Friday, December 22nd. Finally, BidaskClub cut shares of National Bank from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. National Bank currently has an average rating of “Hold” and a consensus price target of $35.40.

National Bank (NYSE:NBHC) traded down $0.05 on Wednesday, reaching $32.23. 84,215 shares of the company’s stock traded hands, compared to its average volume of 115,350. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.23. The firm has a market cap of $865.32, a PE ratio of 25.99, a PEG ratio of 1.96 and a beta of 0.66. National Bank has a 52-week low of $30.10 and a 52-week high of $37.08.

National Bank (NYSE:NBHC) last posted its quarterly earnings data 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 company had revenue of $47.45 million during 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 quarter in the previous year, the business posted $0.30 EPS. sell-side analysts expect that National Bank will post 1.21 EPS for the current fiscal year.

In other news, Director Robert E. Dean sold 3,076 shares of National Bank stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $33.74, for a total transaction of $103,784.24. Following the completion of the sale, the director now owns 22,910 shares in the company, valued at approximately $772,983.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 7.60% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position 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 buying an additional 68,938 shares during the period. Dimensional Fund Advisors LP grew its holdings in National Bank by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,258,619 shares of the financial services provider’s stock valued at $80,610,000 after purchasing an additional 8,075 shares during the period. Renaissance Technologies LLC grew its holdings in National Bank by 0.9% during the second quarter. Renaissance Technologies LLC now owns 1,154,900 shares of the financial services provider’s stock valued at $38,239,000 after purchasing an additional 10,600 shares during the period. Brown Advisory Inc. grew its holdings in National Bank by 8.8% during the third quarter. Brown Advisory Inc. now owns 1,006,412 shares of the financial services provider’s stock valued at $35,919,000 after purchasing an additional 81,198 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in National Bank by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 623,391 shares of the financial services provider’s stock valued at $22,249,000 after purchasing an additional 14,163 shares during the period. Institutional investors own 95.61% of the company’s stock.

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National Bank Company Profile

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.

Analyst Recommendations for National Bank (NYSE:NBHC)

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