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

StockNews.com downgraded shares of National Bank (NYSE:NBHC) from a hold rating to a sell rating in a research report report published on Friday morning.

A number of other research firms also recently issued reports on NBHC. TheStreet downgraded National Bank from a b rating to a c+ rating in a research note on Monday, March 18th. Piper Sandler raised their price target on National Bank from $40.00 to $41.00 and gave the stock an overweight rating in a research note on Thursday, January 25th.

National Bank Stock Performance

Shares of NBHC opened at $33.19 on Friday. The business’s fifty day simple moving average is $34.24 and its two-hundred day simple moving average is $33.87. 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 12 month low of $26.48 and a 12 month high of $38.71. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 8.92 and a beta of 0.84.

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

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.08 dividend on an annualized basis and a yield of 3.25%. National Bank’s dividend payout ratio is presently 29.03%.

Institutional Investors Weigh In On National Bank

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of National Bank by 78.9% in the third quarter. FMR LLC now owns 850 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 375 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of National Bank by 145.4% in the first quarter. Captrust Financial Advisors now owns 1,698 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 1,006 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in shares of National Bank by 2,677.4% in the first quarter. Point72 Hong Kong Ltd now owns 1,722 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,660 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of National Bank by 24.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,005 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 393 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of National Bank by 27.2% in the second quarter. Ameritas Investment Partners Inc. now owns 3,044 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 650 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

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.