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

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

Other research analysts also recently issued research reports about the stock. Piper Sandler lifted their price objective on shares of National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. TheStreet downgraded shares of National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th.

National Bank Stock Down 0.7 %

Shares of NBHC stock opened at $33.19 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33. National Bank has a 1 year low of $26.48 and a 1 year high of $38.71. The firm’s fifty day moving average price is $34.24 and its two-hundred day moving average price is $33.83. The firm has a market capitalization of $1.25 billion, a P/E ratio of 8.92 and a beta of 0.84.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. National Bank had a net margin of 25.40% and a return on equity of 12.20%. The firm had revenue of $107.23 million for the quarter, compared to analyst estimates of $103.96 million. During the same period in the previous year, the business earned $0.91 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts predict that National Bank will post 3.33 EPS for the current fiscal year.

Institutional Trading of National Bank

Several hedge funds and other institutional investors have recently modified their holdings of NBHC. JPMorgan Chase & Co. boosted its holdings in shares of National Bank by 76.4% during the 1st quarter. JPMorgan Chase & Co. now owns 156,517 shares of the financial services provider’s stock worth $6,305,000 after buying an additional 67,805 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of National Bank by 20.6% during the 1st quarter. Bank of New York Mellon Corp now owns 727,077 shares of the financial services provider’s stock worth $29,286,000 after buying an additional 123,952 shares during the period. Citigroup Inc. raised its stake in National Bank by 12.3% in the 1st quarter. Citigroup Inc. now owns 26,539 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 2,898 shares in the last quarter. Natixis Advisors L.P. raised its stake in National Bank by 5.2% in the 1st quarter. Natixis Advisors L.P. now owns 15,882 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 791 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in National Bank by 4.8% in the 1st quarter. Bank of Montreal Can now owns 20,429 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 943 shares in 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.