National Bank Holdings Corporation (NYSE:NBHC) Cut to “Hold” at BidaskClub

National Bank Holdings Corporation (NYSE:NBHC) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday, October 17th.

NBHC has been the subject of a number of other reports. Stephens set a $34.00 price objective on shares of National Bank Holdings Corporation and gave the stock a “hold” rating in a research report on Monday, June 26th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $35.00 price objective on shares of National Bank Holdings Corporation in a research report on Monday, June 26th. Zacks Investment Research downgraded shares of National Bank Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Sandler O’Neill raised shares of National Bank Holdings Corporation from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Friday, August 18th. Finally, Piper Jaffray Companies began coverage on shares of National Bank Holdings Corporation in a research report on Tuesday, July 11th. They issued a “neutral” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.00.

National Bank Holdings Corporation (NYSE:NBHC) opened at 33.57 on Tuesday. The stock has a 50 day moving average price of $34.23 and a 200 day moving average price of $32.89. National Bank Holdings Corporation has a one year low of $23.56 and a one year high of $37.08. The company has a market cap of $899.37 million, a PE ratio of 26.43 and a beta of 0.69.

National Bank Holdings Corporation (NYSE:NBHC) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). National Bank Holdings Corporation had a return on equity of 6.40% and a net margin of 17.13%. The business had revenue of $47.45 million during the quarter, compared to analyst estimates of $48.90 million. During the same quarter in the prior year, the company earned $0.30 EPS. On average, equities analysts anticipate that National Bank Holdings Corporation will post $1.19 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in NBHC. First Manhattan Co. bought a new position in shares of National Bank Holdings Corporation during the 2nd quarter valued at approximately $163,000. State of Alaska Department of Revenue grew its position in shares of National Bank Holdings Corporation by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,270 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 2,330 shares during the period. Victory Capital Management Inc. bought a new position in shares of National Bank Holdings Corporation during the 1st quarter valued at approximately $179,000. Cubist Systematic Strategies LLC bought a new position in shares of National Bank Holdings Corporation during the 2nd quarter valued at approximately $201,000. Finally, Mason Street Advisors LLC grew its position in shares of National Bank Holdings Corporation by 9.7% during the 1st quarter. Mason Street Advisors LLC now owns 6,222 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 549 shares during the period. 94.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Holdings Corporation Company Profile

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

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