StockNews.com Lowers National Bank (NYSE:NBHC) to Sell

StockNews.com downgraded shares of National Bank (NYSE:NBHC) from a hold rating to a sell rating in a report published on Sunday.

A number of other research analysts also recently weighed in on the stock. TheStreet downgraded shares of National Bank from a b rating to a c+ rating in a report on Monday, March 18th. Keefe, Bruyette & Woods restated a market perform rating and set a $39.00 target price (down from $40.00) on shares of National Bank in a report on Friday, April 26th. Finally, Piper Sandler boosted their price target on National Bank from $40.00 to $41.00 and gave the stock an overweight rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, National Bank has an average rating of Hold and a consensus target price of $38.63.

National Bank Stock Down 1.9 %

National Bank stock opened at $32.73 on Friday. National Bank has a twelve month low of $26.48 and a twelve month high of $38.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $1.24 billion, a PE ratio of 9.41 and a beta of 0.84. The firm’s 50 day moving average price is $34.10 and its two-hundred day moving average price is $34.18.

National Bank (NYSE:NBHC) last issued its earnings results 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 return on equity of 11.20% and a net margin of 22.94%. The company had revenue of $149.43 million for the quarter, compared to analyst estimates of $101.98 million. During the same period in the prior year, the firm posted $1.06 EPS. On average, research analysts predict that National Bank will post 3.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NBHC. Vanguard Group Inc. boosted its position in shares of National Bank by 0.6% in 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 acquiring an additional 25,349 shares during the period. Wellington Management Group LLP grew its position in National Bank by 6.5% in 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 purchasing an additional 239,401 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of National Bank by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock worth $62,426,000 after purchasing an additional 79,519 shares during the period. Kennedy Capital Management LLC raised its position in shares of National Bank by 13.4% during the third quarter. Kennedy Capital Management LLC now owns 852,359 shares of the financial services provider’s stock valued at $25,366,000 after buying an additional 100,765 shares during the last quarter. Finally, Jackson Hole Capital Partners LLC bought a new stake in shares of National Bank in the fourth quarter valued at about $17,537,000. Institutional investors 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.