National Bank (NYSE:NBHC) Cut to “Sell” at StockNews.com

StockNews.com cut shares of National Bank (NYSE:NBHCFree Report) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

A number of other brokerages have also weighed in on NBHC. Piper Sandler boosted their target price on National Bank from $40.00 to $41.00 and gave the stock an overweight rating in a research report on Thursday, January 25th. TheStreet lowered National Bank from a b rating to a c+ rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $38.33.

View Our Latest Research Report on NBHC

National Bank Stock Performance

Shares of NBHC stock opened at $35.91 on Wednesday. National Bank has a 12 month low of $26.48 and a 12 month high of $38.71. The stock has a market cap of $1.36 billion, a PE ratio of 9.65 and a beta of 0.83. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $34.47 and its 200-day moving average price is $33.48.

National Bank (NYSE:NBHCGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The company had revenue of $107.23 million for the quarter, compared to analysts’ expectations of $103.96 million. National Bank had a net margin of 25.40% and a return on equity of 12.20%. National Bank’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. On average, equities analysts expect that National Bank will post 3.33 EPS for the current fiscal year.

National Bank Announces Dividend

The company 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 3.01%. The ex-dividend date of this dividend was Thursday, February 22nd. National Bank’s dividend payout ratio is 29.03%.

Institutional Investors Weigh In On National Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NBHC. JPMorgan Chase & Co. increased its holdings in National Bank by 76.4% in the 1st quarter. JPMorgan Chase & Co. now owns 156,517 shares of the financial services provider’s stock worth $6,305,000 after acquiring an additional 67,805 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in National Bank by 20.6% in the 1st quarter. Bank of New York Mellon Corp now owns 727,077 shares of the financial services provider’s stock worth $29,286,000 after acquiring an additional 123,952 shares in the last quarter. Citigroup Inc. increased its holdings in National Bank by 12.3% in the 1st quarter. Citigroup Inc. now owns 26,539 shares of the financial services provider’s stock worth $1,069,000 after acquiring an additional 2,898 shares in the last quarter. Natixis Advisors L.P. boosted its stake in National Bank by 5.2% in the 1st quarter. Natixis Advisors L.P. now owns 15,882 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 791 shares during the period. Finally, Bank of Montreal Can boosted its stake in National Bank by 4.8% in the 1st quarter. Bank of Montreal Can now owns 20,429 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 943 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

About National Bank

(Get Free Report)

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.

Further Reading

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