National Bank (NYSE:NBHC) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of National Bank (NYSE:NBHC) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other analysts have also recently issued reports on NBHC. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a research note on Monday, November 10th. Finally, DA Davidson reiterated a “buy” rating and issued a $46.00 target price on shares of National Bank in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, National Bank presently has an average rating of “Moderate Buy” and an average price target of $44.75.

National Bank Stock Up 0.5%

Shares of NYSE NBHC opened at $40.18 on Friday. The stock has a market cap of $1.52 billion, a PE ratio of 14.10 and a beta of 0.81. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. National Bank has a 12-month low of $32.83 and a 12-month high of $44.11. The company has a 50-day moving average of $39.32 and a 200 day moving average of $38.40.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.27). The company had revenue of $100.64 million for the quarter, compared to analyst estimates of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same quarter in the prior year, the firm earned $0.86 earnings per share. As a group, sell-side analysts predict that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.32 dividend. This is a positive change from National Bank’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.2%. National Bank’s payout ratio is presently 43.51%.

Institutional Trading of National Bank

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in National Bank during the 2nd quarter worth approximately $289,000. Deprince Race & Zollo Inc. acquired a new stake in National Bank in the 3rd quarter valued at about $14,240,000. Y Intercept Hong Kong Ltd raised its position in National Bank by 97.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 80,567 shares of the financial services provider’s stock valued at $3,113,000 after purchasing an additional 39,848 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in National Bank during the third quarter worth approximately $25,869,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in National Bank in the second quarter valued at approximately $413,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.