Stephens Issues Pessimistic Forecast for National Bank (NYSE:NBHC) Stock Price

National Bank (NYSE:NBHC) had its target price dropped by investment analysts at Stephens from $44.00 to $39.00 in a report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Stephens‘s target price would suggest a potential upside of 2.31% from the company’s current price.

Several other analysts also recently weighed in on the company. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. DA Davidson dropped their target price on National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Piper Sandler decreased their price target on National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Finally, Weiss Ratings downgraded shares of National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, National Bank has a consensus rating of “Hold” and an average price target of $42.33.

National Bank Stock Up 1.8%

Shares of NBHC stock traded up $0.69 during trading hours on Monday, reaching $38.12. 118,501 shares of the stock were exchanged, compared to its average volume of 456,302. National Bank has a 12-month low of $35.06 and a 12-month high of $47.28. The business’s fifty day moving average is $39.71 and its two-hundred day moving average is $41.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $1.70 billion, a P/E ratio of 30.29 and a beta of 0.84.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.73). National Bank had a return on equity of 5.90% and a net margin of 8.02%. The firm had revenue of $126.44 million for the quarter, compared to analysts’ expectations of $134.81 million. During the same period last year, the firm posted $0.92 earnings per share. As a group, research analysts expect that National Bank will post 2.75 EPS for the current fiscal year.

Hedge Funds Weigh In On National Bank

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in National Bank in the third quarter valued at about $1,663,000. ProShare Advisors LLC boosted its position in National Bank by 3,598.6% during the 3rd quarter. ProShare Advisors LLC now owns 231,164 shares of the financial services provider’s stock valued at $9,059,000 after purchasing an additional 224,914 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in shares of National Bank in the 3rd quarter worth about $291,000. Versant Capital Management Inc boosted its position in shares of National Bank by 108.7% during the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after buying an additional 462 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of National Bank during the second quarter valued at about $433,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.