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

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

Other equities analysts have also issued research reports about the company. TheStreet lowered National Bank from a b rating to a c+ rating in a research note on Monday, March 18th. Piper Sandler lifted their price target on National Bank from $40.00 to $41.00 and gave the company an overweight rating in a research note on Thursday, January 25th.

National Bank Stock Down 0.7 %

National Bank stock opened at $33.19 on Friday. The business has a fifty day moving average price of $34.27 and a 200-day moving average price of $33.81. National Bank has a 1-year low of $26.48 and a 1-year high of $38.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization 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 quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The company had revenue of $107.23 million during the quarter, compared to analysts’ expectations of $103.96 million. National Bank had a return on equity of 12.20% and a net margin of 25.40%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. Equities research analysts forecast that National Bank will post 3.33 EPS for the current fiscal year.

National Bank Announces Dividend

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

Hedge Funds Weigh In On National Bank

Several large investors have recently bought and sold shares of NBHC. FMR LLC raised its holdings in National Bank by 78.9% during 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 in the last quarter. Captrust Financial Advisors increased its holdings in National Bank by 145.4% in the first quarter. Captrust Financial Advisors now owns 1,698 shares of the financial services provider’s stock valued at $68,000 after buying an additional 1,006 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in 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 valued at $69,000 after buying an additional 1,660 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in 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 valued at $67,000 after buying an additional 393 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of National Bank by 27.2% during the 2nd 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 in the last quarter. Institutional investors and hedge funds 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.