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

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

A number of other research firms have also commented on NBHC. Keefe, Bruyette & Woods upped their price target on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group downgraded National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.40.

National Bank Trading Down 0.3 %

NYSE NBHC opened at $39.98 on Friday. The business’s 50-day moving average price is $42.63 and its two-hundred day moving average price is $43.77. National Bank has a 12 month low of $32.13 and a 12 month high of $51.76. The firm has a market capitalization of $1.52 billion, a PE ratio of 12.94 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 released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. On average, analysts expect that National Bank will post 3.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in National Bank by 6.8% during the 4th quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider’s stock worth $306,000 after buying an additional 455 shares during the period. Swiss National Bank raised its stake in National Bank by 0.9% during the 4th quarter. Swiss National Bank now owns 74,500 shares of the financial services provider’s stock worth $3,208,000 after buying an additional 700 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in National Bank by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,987 shares of the financial services provider’s stock worth $904,000 after buying an additional 715 shares during the period. Quarry LP raised its stake in National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after buying an additional 810 shares during the period. Finally, Sterling Capital Management LLC raised its stake in National Bank by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after buying an additional 1,052 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

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.