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

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

Several other research firms also recently issued reports on NBHC. Hovde Group reduced their price target on National Bank from $48.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods lifted their target price on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, National Bank currently has a consensus rating of “Hold” and an average target price of $49.00.

National Bank Price Performance

NYSE:NBHC opened at $34.16 on Thursday. The company has a market cap of $1.30 billion, a P/E ratio of 11.06 and a beta of 0.86. The firm’s fifty day moving average price is $40.86 and its two-hundred day moving average price is $43.24. National Bank has a one year low of $32.13 and a one year high of $51.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94.

National Bank (NYSE:NBHC) last released its quarterly earnings results 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 net margin of 19.82% and a return on equity of 9.76%. Equities analysts expect that National Bank will post 3.31 earnings per share for the current year.

Institutional Investors Weigh In On National Bank

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP lifted its stake in National Bank by 503.1% during the fourth quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 810 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of National Bank by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after buying an additional 1,052 shares during the last quarter. KBC Group NV boosted its stake in National Bank by 82.5% in the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after buying an additional 1,080 shares in the last quarter. Aquatic Capital Management LLC bought a new position in National Bank in the fourth quarter valued at about $174,000. Finally, Handelsbanken Fonder AB acquired a new position in National Bank during the fourth quarter worth about $224,000. 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.