National Bank’s (NBHC) “Buy” Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of National Bank (NYSE:NBHC) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $46.00 target price on the financial services provider’s stock.

Several other brokerages also recently issued reports on NBHC. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.75.

National Bank Trading Up 0.5%

Shares of NYSE NBHC opened at $40.18 on Wednesday. National Bank has a 12 month low of $32.83 and a 12 month high of $44.11. The business has a fifty day simple moving average of $39.32 and a 200-day simple moving average of $38.41. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 14.10 and a beta of 0.81. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a net margin of 18.66% and a return on equity of 8.65%. The business had revenue of $100.64 million for the quarter, compared to analysts’ expectations of $107.48 million. During the same period last year, the firm earned $0.86 EPS. Sell-side analysts predict that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, February 27th. This is a boost from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio is 43.51%.

Hedge Funds Weigh In On National Bank

A number of large investors have recently modified their holdings of NBHC. State Street Corp increased its holdings in shares of National Bank by 1.1% in the second quarter. State Street Corp now owns 1,718,009 shares of the financial services provider’s stock valued at $64,614,000 after purchasing an additional 19,107 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in National Bank by 8.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,570,981 shares of the financial services provider’s stock worth $59,085,000 after buying an additional 120,754 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in National Bank by 215.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after buying an additional 793,902 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of National Bank by 6.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock valued at $37,259,000 after buying an additional 61,771 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of National Bank by 2.1% during the second quarter. Geode Capital Management LLC now owns 903,808 shares of the financial services provider’s stock worth $33,996,000 after acquiring an additional 18,612 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.