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

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

Other equities analysts have also recently issued reports about the company. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a report on Monday, November 18th. Keefe, Bruyette & Woods lifted their price objective on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.40.

National Bank Stock Performance

NYSE:NBHC opened at $39.98 on Friday. The stock has a market cap of $1.52 billion, a P/E ratio of 12.94 and a beta of 0.86. The stock has a 50 day simple moving average of $42.63 and a 200 day simple moving average of $43.77. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. National Bank has a 1-year low of $32.13 and a 1-year high of $51.76.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. Research analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

Hedge Funds Weigh In On National Bank

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of National Bank by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider’s stock valued at $182,160,000 after purchasing an additional 35,910 shares during the last quarter. Victory Capital Management Inc. grew its position in National Bank by 56.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock worth $119,848,000 after acquiring an additional 1,021,829 shares during the last quarter. Dimensional Fund Advisors LP grew its position in National Bank by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider’s stock worth $89,984,000 after acquiring an additional 32,983 shares during the last quarter. State Street Corp grew its position in National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after acquiring an additional 126,796 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after acquiring an additional 9,723 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

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.