National Bank (NYSE:NBHC) Cut to Sell at Wall Street Zen

National Bank (NYSE:NBHC) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other analysts have also issued reports about the stock. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target on the stock in a research report on Monday, November 10th. DA Davidson reiterated a “buy” rating and issued a $46.00 target price on shares of National Bank in a research note on Wednesday. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, National Bank has a consensus rating of “Moderate Buy” and a consensus price target of $44.75.

National Bank Stock Performance

Shares of NYSE NBHC opened at $40.18 on Friday. National Bank has a 12 month low of $32.83 and a 12 month high of $44.11. The company has a market cap of $1.52 billion, a P/E ratio of 14.10 and a beta of 0.81. The business’s 50 day moving average is $39.32 and its two-hundred day moving average is $38.41. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a return on equity of 8.65% and a net margin of 18.66%.The company had revenue of $100.64 million during the quarter, compared to analyst estimates of $107.48 million. During the same quarter in the previous year, the business posted $0.86 EPS. On average, equities analysts expect that National Bank will post 3.31 EPS for the current year.

Institutional Investors Weigh In On National Bank

Several large investors have recently modified their holdings of NBHC. Wealth Enhancement Advisory Services LLC bought a new position in shares of National Bank during the 2nd quarter worth approximately $289,000. Deprince Race & Zollo Inc. bought a new stake in National Bank in the third quarter valued at $14,240,000. Y Intercept Hong Kong Ltd raised its stake in National Bank by 97.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 80,567 shares of the financial services provider’s stock worth $3,113,000 after acquiring an additional 39,848 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of National Bank during the third quarter valued at $25,869,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of National Bank in the 2nd quarter valued at $413,000. 92.65% of the stock is currently owned by institutional investors.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.