National Bank (NYSE:NBHC) Downgraded by StockNews.com to Sell

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

A number of other research analysts have also weighed in on NBHC. Hovde Group decreased their target price on National Bank from $48.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of 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 given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, National Bank currently has a consensus rating of “Hold” and a consensus target price of $49.00.

National Bank Stock Down 8.9 %

Shares of NBHC stock traded down $3.47 during trading hours on Thursday, hitting $35.37. 350,243 shares of the company were exchanged, compared to its average volume of 216,086. The business has a 50 day moving average of $41.03 and a two-hundred day moving average of $43.29. National Bank has a 52 week low of $32.13 and a 52 week high of $51.76. The company has a market capitalization of $1.35 billion, a PE ratio of 11.45 and a beta of 0.86. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08.

National Bank (NYSE:NBHC) last announced its quarterly earnings data 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 return on equity of 9.76% and a net margin of 19.82%. Analysts anticipate that National Bank will post 3.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NBHC. Charles Schwab Investment Management Inc. lifted its stake in National Bank by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 355,487 shares of the financial services provider’s stock valued at $14,966,000 after purchasing an additional 2,209 shares during the last quarter. FMR LLC increased its holdings in shares of National Bank by 359.7% during the third quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock worth $321,000 after buying an additional 5,968 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of National Bank by 130.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider’s stock valued at $722,000 after acquiring an additional 9,705 shares during the last quarter. Systematic Financial Management LP bought a new position in shares of National Bank in the 3rd quarter valued at $756,000. Finally, State Street Corp boosted its holdings in shares of National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock valued at $75,747,000 after acquiring an additional 126,796 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

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.