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

StockNews.com lowered shares of National Bank (NYSE:NBHC) from a hold rating to a sell rating in a research report sent to investors on Friday.

A number of other brokerages also recently weighed in on NBHC. Piper Sandler lifted their price target on National Bank from $40.00 to $41.00 and gave the company an overweight rating in a report on Thursday, January 25th. TheStreet lowered shares of National Bank from a b rating to a c+ rating in a research report on Monday, March 18th.

National Bank Stock Up 0.3 %

NBHC opened at $33.29 on Friday. The stock’s fifty day moving average is $34.24 and its 200-day moving average is $33.90. National Bank has a one year low of $26.48 and a one year high of $38.71. The company has a market capitalization of $1.26 billion, a PE ratio of 8.95 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 0.95.

National Bank (NYSE:NBHC) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $107.23 million for the quarter, compared to the consensus estimate of $103.96 million. National Bank had a net margin of 25.40% and a return on equity of 12.20%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. On average, equities analysts predict that National Bank will post 3.33 EPS for the current fiscal year.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, February 22nd. National Bank’s dividend payout ratio (DPR) is presently 29.03%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Range Financial Group LLC grew its stake 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 worth $1,231,000 after purchasing an additional 5,400 shares during the period. Vanguard Group Inc. raised its position in shares of National Bank by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after acquiring an additional 25,349 shares during the period. Wellington Management Group LLP boosted its stake in National Bank by 6.5% during the 4th quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock worth $145,226,000 after acquiring an additional 239,401 shares during the last quarter. GSA Capital Partners LLP grew its holdings in National Bank by 586.0% during the fourth quarter. GSA Capital Partners LLP now owns 48,962 shares of the financial services provider’s stock valued at $1,821,000 after purchasing an additional 41,825 shares during the period. Finally, Legal & General Group Plc increased its stake in National Bank by 0.5% in the fourth quarter. Legal & General Group Plc now owns 102,550 shares of the financial services provider’s stock valued at $3,814,000 after purchasing an additional 505 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

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.