National Bank (NYSE:NBHC) Stock Rating Lowered by StockNews.com

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

A number of other equities research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group cut their price objective on National Bank from $48.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, National Bank presently has an average rating of “Hold” and an average price target of $49.00.

National Bank Stock Down 3.5 %

NYSE:NBHC opened at $34.16 on Thursday. National Bank has a 1-year low of $32.13 and a 1-year high of $51.76. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.06 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. The business’s fifty day moving average price is $40.86 and its 200 day moving average price is $43.25.

National Bank (NYSE:NBHC) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share 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, sell-side analysts forecast that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Friday, February 28th. National Bank’s dividend payout ratio is presently 37.54%.

Institutional Trading of National Bank

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