Hovde Group Increases National Bank (NYSE:NBHC) Price Target to $51.00

National Bank (NYSE:NBHC) had its price objective lifted by research analysts at Hovde Group from $50.00 to $51.00 in a research report issued to clients and investors on Monday, StockNewsAPI reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Hovde Group’s target price indicates a potential upside of 10.15% from the company’s current price.

Several other research firms also recently weighed in on NBHC. DA Davidson increased their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler increased their price objective on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price target on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Finally, Stephens boosted their price objective on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.20.

National Bank Price Performance

NYSE:NBHC opened at $46.30 on Monday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 13.30 and a beta of 0.85. National Bank has a 12-month low of $30.34 and a 12-month high of $46.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average is $42.20 and its two-hundred day moving average is $39.24.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 10.06%. The firm had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. During the same period in the previous year, the company earned $0.94 EPS. Research analysts expect that National Bank will post 3.03 EPS for the current year.

Insider Activity

In related news, insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the sale, the insider now directly owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Valerie D. Kramer sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the transaction, the insider now directly owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher S. Randall sold 3,750 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total transaction of $163,162.50. Following the completion of the sale, the executive vice president now directly owns 14,365 shares of the company’s stock, valued at $625,021.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,691 shares of company stock valued at $1,502,496. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On National Bank

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of National Bank by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after purchasing an additional 25,349 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in National Bank by 45.9% during the 1st quarter. BNP Paribas Financial Markets now owns 18,398 shares of the financial services provider’s stock valued at $664,000 after acquiring an additional 5,790 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in National Bank by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock worth $1,193,000 after acquiring an additional 449 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of National Bank by 87.6% in the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock worth $17,268,000 after purchasing an additional 223,505 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of National Bank by 7.4% in 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 in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

About National Bank

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.