Stephens analyst Andrew Terrell upgraded National Bank (NBHC) to Overweight from Equal Weight with a $42 price target The recent pullback has created a “compelling” valuation discount for National Bank relative to peers, the analyst tells investors in a research note. The firm believes the company’s recently announced purchase of Vista brings scale in the “higher growth” Texas market, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NBHC:
- National Bank Holdings Updates Investor Presentation
- U.S. Government Shutdown Threatens National Bank Holdings Corp’s Loan Operations and Financial Stability
- National Bank increases quarterly dividend 3.3% to 31c per share
- National Bank Holdings Increases Quarterly Dividend by 3.3%
- National Bank Holdings Corp Reports Strong Earnings and Strategic Merger