National Bank (NYSE:NBHC) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of National Bank (NYSE:NBHC) from a hold rating to a sell rating in a research note released on Wednesday morning.

Several other research analysts have also recently issued reports on NBHC. Hovde Group reduced their target price on shares of National Bank from $48.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, April 2nd. DA Davidson reduced their price objective on National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, National Bank currently has an average rating of “Hold” and an average target price of $46.00.

National Bank Price Performance

NYSE NBHC opened at $35.29 on Wednesday. The stock’s fifty day moving average price is $38.09 and its 200 day moving average price is $42.47. National Bank has a 1 year low of $32.69 and a 1 year high of $51.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 11.42 and a beta of 0.77.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.13). The firm had revenue of $102.07 million during the quarter, compared to analysts’ expectations of $107.47 million. National Bank had a return on equity of 9.76% and a net margin of 19.82%. During the same quarter in the previous year, the business earned $0.82 earnings per share. As a group, equities research analysts forecast that National Bank will post 3.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Quarry LP grew its position in shares of National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 810 shares during the period. Sterling Capital Management LLC boosted its position in National Bank by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,052 shares in the last quarter. KBC Group NV grew its holdings in National Bank by 82.5% in the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 1,080 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of National Bank during the 4th quarter worth approximately $174,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of National Bank during the 4th quarter valued at approximately $224,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Company Profile

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.