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

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 Wednesday.

A number of other brokerages have also recently issued reports on NBHC. Piper Sandler upped their target price on National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $38.33.

National Bank Price Performance

Shares of NBHC traded up $0.79 during mid-day trading on Wednesday, reaching $35.91. The company had a trading volume of 225,786 shares, compared to its average volume of 172,738. The company’s 50 day simple moving average is $34.47 and its 200 day simple moving average is $33.48. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 9.65 and a beta of 0.83. National Bank has a 1-year low of $26.48 and a 1-year high of $38.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 0.95.

National Bank (NYSE:NBHC) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $107.23 million for 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 quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. Analysts expect that National Bank will post 3.33 EPS for the current year.

Institutional Trading of National Bank

Several institutional investors have recently added to or reduced their stakes in NBHC. Swiss National Bank grew its stake in National Bank by 1.2% during the third quarter. Swiss National Bank now owns 66,400 shares of the financial services provider’s stock worth $1,976,000 after purchasing an additional 800 shares during the period. Assenagon Asset Management S.A. grew its position in shares of National Bank by 353.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 201,893 shares of the financial services provider’s stock worth $6,008,000 after buying an additional 157,359 shares during the period. Illinois Municipal Retirement Fund bought a new stake in shares of National Bank in the 3rd quarter valued at $660,000. Charles Schwab Investment Management Inc. lifted its position in shares of National Bank by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,048 shares of the financial services provider’s stock valued at $8,870,000 after acquiring an additional 11,562 shares during the period. Finally, Endeavour Capital Advisors Inc. bought a new position in National Bank during the third quarter worth $1,993,000. 92.65% of the stock is currently owned by institutional investors.

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.