National Bank (NYSE:NBHC) Downgraded by Wall Street Zen to “Sell”

National Bank (NYSE:NBHC) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other analysts have also recently issued research reports about the company. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. DA Davidson reaffirmed a “buy” rating and issued a $46.00 price target on shares of National Bank in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Finally, Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.75.

National Bank Stock Performance

NYSE NBHC opened at $40.18 on Friday. National Bank has a 1-year low of $32.83 and a 1-year high of $44.11. The company has a 50 day moving average of $39.32 and a 200-day moving average of $38.41. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 14.10 and a beta of 0.81.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a return on equity of 8.65% and a net margin of 18.66%.The business had revenue of $100.64 million during the quarter, compared to analyst estimates of $107.48 million. During the same period in the previous year, the firm earned $0.86 earnings per share. On average, equities analysts forecast that National Bank will post 3.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd raised its stake in shares of National Bank by 650.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock worth $31,000 after buying an additional 690 shares during the last quarter. Quarry LP grew its holdings in National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 613 shares during the period. Nisa Investment Advisors LLC raised its position in shares of National Bank by 17.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 499 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of National Bank by 131.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 1,927 shares during the last quarter. Finally, Savant Capital LLC acquired a new position in shares of National Bank in the 3rd quarter valued at $211,000. Institutional investors 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.