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

National Bank (NYSE:NBHC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Several other equities research analysts have also issued reports on the stock. Piper Sandler raised their target price on shares of National Bank from $40.00 to $41.00 and gave the stock 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 report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, National Bank presently has a consensus rating of “Hold” and a consensus target price of $38.33.

National Bank Stock Performance

NYSE NBHC traded up $0.79 during trading hours on Wednesday, hitting $35.91. 225,786 shares of the company’s stock traded hands, compared to its average volume of 172,738. The business’s fifty day moving average price is $34.47 and its two-hundred day moving average price is $33.48. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $1.36 billion, a P/E ratio of 9.65 and a beta of 0.83. National Bank has a 52 week low of $26.48 and a 52 week high of $38.71.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $107.23 million during the quarter, compared to analyst estimates of $103.96 million. National Bank had a net margin of 25.40% and a return on equity of 12.20%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. Equities research analysts predict that National Bank will post 3.33 EPS for the current year.

Institutional Trading of National Bank

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in National Bank by 0.9% during the first quarter. BlackRock Inc. now owns 5,562,956 shares of the financial services provider’s stock worth $186,137,000 after buying an additional 51,088 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 purchasing an additional 25,349 shares during the period. Wellington Management Group LLP increased its position in National Bank by 6.5% during the fourth 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. T. Rowe Price Investment Management Inc. raised its stake in National Bank by 13.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,054,198 shares of the financial services provider’s stock worth $128,491,000 after purchasing an additional 350,353 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in National Bank by 2.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,886,257 shares of the financial services provider’s stock valued at $110,457,000 after purchasing an additional 75,293 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.