National Bank (NYSE:NBHC) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of National Bank (NYSE:NBHC) from a hold rating to a sell rating in a report released on Saturday.

A number of other brokerages also recently weighed in on NBHC. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price for the company in a research note on Monday, November 10th. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $46.00 price target on shares of National Bank in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.75.

National Bank Price Performance

Shares of NBHC opened at $40.62 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $39.39 and its 200 day simple moving average is $38.40. National Bank has a 1-year low of $32.83 and a 1-year high of $44.11. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 14.25 and a beta of 0.81.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The firm had revenue of $100.64 million during the quarter, compared to the consensus estimate of $107.48 million. National Bank had a net margin of 18.66% and a return on equity of 8.65%. During the same period last year, the business earned $0.86 EPS. On average, research analysts forecast that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.2%. National Bank’s dividend payout ratio (DPR) is presently 43.51%.

Institutional Trading of National Bank

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd boosted its holdings in National Bank by 650.9% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 690 shares during the period. Quarry LP raised its position in shares of National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after buying an additional 613 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of National Bank by 17.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after buying an additional 499 shares during the period. Tower Research Capital LLC TRC grew its position in National Bank by 131.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock worth $128,000 after buying an additional 1,927 shares in the last quarter. Finally, Savant Capital LLC bought a new position in National Bank during the 3rd quarter worth $211,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.