National Bank (NYSE:NBHC) Price Target Lowered to $43.00 at Hovde Group

National Bank (NYSE:NBHC) had its price objective trimmed by Hovde Group from $48.00 to $43.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods raised their target price on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.00.

National Bank Stock Down 3.5 %

NBHC stock opened at $34.16 on Wednesday. National Bank has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.06 and a beta of 0.86. The business’s 50 day moving average price is $40.86 and its two-hundred day moving average price is $43.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95.

National Bank (NYSE:NBHC) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. As a group, analysts forecast that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.40%. National Bank’s dividend payout ratio (DPR) is currently 37.54%.

Hedge Funds Weigh In On National Bank

Institutional investors have recently made changes to their positions in the business. Quarry LP raised its stake in shares of National Bank by 503.1% in the fourth quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after buying an additional 810 shares during the period. Sterling Capital Management LLC lifted its holdings in National Bank by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,052 shares in the last quarter. KBC Group NV boosted its position in shares of National Bank by 82.5% in the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 1,080 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of National Bank in the fourth quarter worth $174,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of National Bank during the 4th quarter valued at $224,000. 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.