National Bank (NYSE:NBHC) Price Target Raised to $49.00

National Bank (NYSE:NBHC) had its target price raised by equities research analysts at Stephens from $46.00 to $49.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Stephens’ target price points to a potential upside of 7.60% from the company’s current price.

Several other research analysts also recently commented on NBHC. Hovde Group lifted their target price on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. DA Davidson lifted their price objective on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Piper Sandler increased their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price target on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Finally, StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, National Bank presently has a consensus rating of “Hold” and a consensus price target of $49.00.

National Bank Stock Up 1.1 %

Shares of NYSE:NBHC traded up $0.49 on Thursday, reaching $45.54. The company had a trading volume of 49,918 shares, compared to its average volume of 200,139. The stock has a market capitalization of $1.72 billion, a P/E ratio of 13.09 and a beta of 0.85. The stock has a 50-day moving average price of $42.04 and a 200 day moving average price of $39.10. National Bank has a twelve month low of $28.60 and a twelve month high of $46.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 10.44% and a net margin of 21.40%. The firm had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. During the same period in the previous year, the company earned $0.94 EPS. On average, equities analysts expect that National Bank will post 3.03 EPS for the current year.

Insider Buying and Selling

In other National Bank news, insider Valerie D. Kramer sold 725 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the sale, the insider now owns 10,398 shares of the company’s stock, valued at $417,687.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the sale, the insider now directly owns 10,398 shares in the company, valued at approximately $417,687.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Art Zeile sold 3,875 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $41.27, for a total transaction of $159,921.25. Following the completion of the transaction, the director now directly owns 16,202 shares of the company’s stock, valued at $668,656.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,192 shares of company stock valued at $4,431,998 over the last ninety days. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On National Bank

Several hedge funds and other institutional investors have recently modified their holdings of NBHC. Innealta Capital LLC acquired a new position in National Bank during the second quarter worth $41,000. Meeder Asset Management Inc. bought a new stake in shares of National Bank in the 2nd quarter worth about $52,000. Choreo LLC acquired a new stake in shares of National Bank during the 2nd quarter worth about $209,000. ProShare Advisors LLC lifted its holdings in National Bank by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 513 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in National Bank in the second quarter valued at about $319,000. Institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

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.