National Bank (NYSE:NBHC) Downgraded to “Sell” at StockNews.com

National Bank (NYSE:NBHC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Several other research analysts have also issued reports on the stock. Piper Sandler increased their target price on shares of National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. TheStreet lowered shares of National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $39.00 target price (down from $40.00) on shares of National Bank in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, National Bank presently has a consensus rating of “Hold” and an average price target of $38.00.

National Bank Trading Down 0.4 %

NBHC opened at $33.50 on Friday. National Bank has a twelve month low of $26.48 and a twelve month high of $38.71. The company has a quick ratio of 0.95, a current ratio of 0.91 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $34.14 and a 200-day moving average of $34.11. The stock has a market cap of $1.27 billion, a PE ratio of 9.63 and a beta of 0.84.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. National Bank had a net margin of 22.94% and a return on equity of 11.20%. The company had revenue of $149.43 million during the quarter, compared to analysts’ expectations of $101.98 million. During the same period in the prior year, the company posted $1.06 earnings per share. On average, sell-side analysts predict that National Bank will post 3.33 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in shares of National Bank by 4.3% during the first quarter. Assenagon Asset Management S.A. now owns 167,618 shares of the financial services provider’s stock valued at $6,046,000 after purchasing an additional 6,950 shares in the last quarter. Range Financial Group LLC lifted its position in shares of National Bank by 18.8% during the first quarter. Range Financial Group LLC now owns 34,133 shares of the financial services provider’s stock valued at $1,231,000 after purchasing an additional 5,400 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of National Bank by 0.6% during the fourth 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. Wellington Management Group LLP increased its holdings in National Bank by 6.5% during the fourth quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock worth $145,226,000 after buying an additional 239,401 shares during the last quarter. Finally, Keeley Teton Advisors LLC increased its holdings in National Bank by 17.5% during the fourth quarter. Keeley Teton Advisors LLC now owns 42,617 shares of the financial services provider’s stock worth $1,585,000 after buying an additional 6,359 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

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.