National Bank Holdings Corporation (NYSE:NBHC) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of National Bank Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. DA Davidson reaffirmed a “neutral” rating on shares of National Bank Holdings Corporation in a report on Friday, July 21st. Piper Jaffray Companies assumed coverage on shares of National Bank Holdings Corporation in a report on Tuesday, July 11th. They issued a “neutral” rating and a $35.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $35.00 price target on shares of National Bank Holdings Corporation in a report on Monday, June 26th. Finally, Stephens set a $34.00 price target on shares of National Bank Holdings Corporation and gave the stock a “hold” rating in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.20.

Shares of National Bank Holdings Corporation (NYSE:NBHC) traded down 2.45% during midday trading on Friday, hitting $32.23. 120,910 shares of the company traded hands. The stock has a market capitalization of $863.47 million, a P/E ratio of 25.38 and a beta of 0.66. The company has a 50-day moving average price of $33.55 and a 200-day moving average price of $32.45. National Bank Holdings Corporation has a 52 week low of $21.88 and a 52 week high of $36.04.

National Bank Holdings Corporation (NYSE:NBHC) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. National Bank Holdings Corporation had a net margin of 17.64% and a return on equity of 6.60%. The company had revenue of $48.85 million during the quarter, compared to analysts’ expectations of $48.30 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts anticipate that National Bank Holdings Corporation will post $1.25 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “National Bank Holdings Corporation (NBHC) Rating Lowered to Strong Sell at BidaskClub” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/12/national-bank-holdings-corporation-nbhc-rating-lowered-to-strong-sell-at-bidaskclub.html.

Hedge funds have recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its stake in National Bank Holdings Corporation by 237.2% in the first quarter. LS Investment Advisors LLC now owns 3,305 shares of the financial services provider’s stock worth $107,000 after buying an additional 2,325 shares during the last quarter. Bank of Montreal Can raised its stake in National Bank Holdings Corporation by 29.6% in the first quarter. Bank of Montreal Can now owns 3,706 shares of the financial services provider’s stock worth $120,000 after buying an additional 846 shares during the last quarter. First Manhattan Co. acquired a new stake in National Bank Holdings Corporation during the second quarter worth $163,000. State of Alaska Department of Revenue raised its stake in National Bank Holdings Corporation by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 5,270 shares of the financial services provider’s stock worth $174,000 after buying an additional 2,330 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in National Bank Holdings Corporation during the first quarter worth $179,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

About National Bank Holdings Corporation

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

Analyst Recommendations for National Bank Holdings Corporation (NYSE:NBHC)

Receive News & Ratings for National Bank Holdings Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank Holdings Corporation and related companies with MarketBeat.com's FREE daily email newsletter.