National Bank (NYSE:NBHC) Stock Rating Lowered by Zacks Research

National Bank (NYSE:NBHC) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks reports.

A number of other research analysts also recently commented on NBHC. Weiss Ratings downgraded National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Piper Sandler cut their target price on National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Finally, Stephens downgraded shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $47.67.

National Bank Stock Performance

Shares of NBHC stock opened at $39.99 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $42.29 and a two-hundred day moving average of $42.01. National Bank has a 52 week low of $35.06 and a 52 week high of $47.28. The company has a market cap of $1.78 billion, a P/E ratio of 16.80 and a beta of 0.77.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). The company had revenue of $129.94 million for the quarter, compared to analyst estimates of $135.08 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%.The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. As a group, analysts anticipate that National Bank will post 3.35 EPS for the current year.

Hedge Funds Weigh In On National Bank

A number of institutional investors have recently bought and sold shares of NBHC. Nykredit A S purchased a new position in shares of National Bank in the second quarter worth approximately $34,000. Global Retirement Partners LLC acquired a new position in National Bank during the fourth quarter valued at $66,000. Integrated Wealth Concepts LLC acquired a new position in shares of National Bank in the 2nd quarter valued at about $90,000. Arrowstreet Capital Limited Partnership purchased a new position in National Bank during the first quarter valued at approximately $219,000. Finally, Pictet Asset Management Holding SA purchased a new stake in National Bank in the 1st quarter worth approximately $221,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its principal subsidiary, NBH Bank, the company provides community banking services to businesses, individuals and organizations.

NBH Bank offers commercial and small-business lending, personal and business deposit accounts, mortgage and consumer loans, treasury management, digital banking and wealth management services. Its products are designed to support commercial clients, professionals, entrepreneurs and retail customers.

The company serves customers through a network of banking locations and digital channels in several markets across the central and western United States, including Colorado, Kansas, Missouri, New Mexico, Texas and Wyoming.