National Bank (NBHC) Rating Reiterated by Keefe, Bruyette & Woods

National Bank (NYSE:NBHC)‘s stock had its “hold” rating reiterated by Keefe, Bruyette & Woods in a report issued on Friday. They presently have a $37.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.43% from the stock’s previous close.

Several other brokerages also recently commented on NBHC. BidaskClub downgraded shares of National Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Zacks Investment Research downgraded shares of National Bank from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. National Bank presently has an average rating of “Hold” and a consensus price target of $35.50.

Shares of National Bank (NYSE:NBHC) opened at $32.62 on Friday. National Bank has a 12 month low of $30.10 and a 12 month high of $37.08. The stock has a market capitalization of $875.79, a P/E ratio of 26.31, a P/E/G ratio of 2.73 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.83 and a quick ratio of 0.82.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). National Bank had a net margin of 17.13% and a return on equity of 6.40%. The firm had revenue of $47.45 million for the quarter, compared to analyst estimates of $48.90 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. research analysts predict that National Bank will post 1.21 EPS for the current year.

In other news, Director Robert E. Dean sold 3,076 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $33.74, for a total transaction of $103,784.24. Following the completion of the transaction, the director now directly owns 22,910 shares in the company, valued at $772,983.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.60% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NBHC. Municipal Employees Retirement System of Michigan increased its holdings in National Bank by 6.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,280 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 380 shares during the period. Great West Life Assurance Co. Can increased its holdings in National Bank by 4.2% in the second quarter. Great West Life Assurance Co. Can now owns 39,345 shares of the financial services provider’s stock valued at $1,301,000 after purchasing an additional 1,600 shares during the period. Sei Investments Co. increased its holdings in National Bank by 4.9% in the second quarter. Sei Investments Co. now owns 57,872 shares of the financial services provider’s stock valued at $1,916,000 after purchasing an additional 2,728 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in National Bank by 10.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 171,631 shares of the financial services provider’s stock valued at $5,683,000 after purchasing an additional 15,906 shares during the period. Finally, First Trust Advisors LP acquired a new stake in National Bank in the second quarter valued at $1,882,000. Institutional investors and hedge funds own 95.61% of the company’s stock.

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About National Bank

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

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