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

National Bank (NYSE:NBHC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Sunday.

A number of other analysts also recently commented on NBHC. Piper Sandler increased their price objective on shares of 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 report on Monday, March 18th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $39.00 target price (down previously from $40.00) on shares of National Bank in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.63.

National Bank Trading Down 0.4 %

NYSE NBHC opened at $33.36 on Friday. The company has a fifty day simple moving average of $34.12 and a two-hundred day simple moving average of $34.16. National Bank has a 12-month low of $26.48 and a 12-month high of $38.71. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.26 billion, a P/E ratio of 9.59 and a beta of 0.84.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The business had revenue of $149.43 million during the quarter, compared to analysts’ expectations of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.20%. During the same period in the previous year, the business posted $1.06 EPS. On average, analysts forecast that National Bank will post 3.33 earnings per share for the current year.

Institutional Investors Weigh In On National Bank

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jackson Hole Capital Partners LLC acquired a new stake in National Bank in the fourth quarter valued at about $17,537,000. Wellington Management Group LLP boosted its stake in shares of National Bank by 8.9% during the third quarter. Wellington Management Group LLP now owns 3,665,586 shares of the financial services provider’s stock valued at $109,088,000 after acquiring an additional 298,140 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of National Bank by 1,015.3% in the fourth quarter. Hsbc Holdings PLC now owns 235,268 shares of the financial services provider’s stock valued at $8,754,000 after buying an additional 214,174 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in National Bank by 353.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 201,893 shares of the financial services provider’s stock valued at $6,008,000 after acquiring an additional 157,359 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in National Bank by 13.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 852,359 shares of the financial services provider’s stock worth $25,366,000 after buying an additional 100,765 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.