Zacks Investment Research Lowers National Bank Holdings Corporation (NBHC) to Strong Sell

National Bank Holdings Corporation (NYSE:NBHC) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, October 24th.

According to Zacks, “National Bank Holdings Corporation is a bank holding company operating full-service banking centers, with the majority of those banking centers located in Colorado and the greater Kansas City region. The Company, through its subsidiaries, provides services through community banking franchises serving the needs of retail and business customers. National Bank Holdings Corporation is based in Greenwood Village, Colorado. “

NBHC has been the topic of a number of other research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $35.00 price target on shares of National Bank Holdings Corporation in a research report on Friday, October 20th. Stephens set a $34.00 price target on National Bank Holdings Corporation and gave the company a “hold” rating in a research report on Monday, June 26th. BidaskClub downgraded National Bank Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Sandler O’Neill upgraded National Bank Holdings Corporation from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, August 18th. Finally, Piper Jaffray Companies started coverage on National Bank Holdings Corporation in a report on Tuesday, July 11th. They issued a “neutral” rating and a $35.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. National Bank Holdings Corporation has an average rating of “Hold” and an average target price of $35.00.

Shares of National Bank Holdings Corporation (NYSE NBHC) opened at $30.74 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market capitalization of $823.89, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.53 and a beta of 0.65. National Bank Holdings Corporation has a 12-month low of $25.13 and a 12-month high of $37.08.

National Bank Holdings Corporation (NYSE:NBHC) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The company had revenue of $47.45 million during the quarter, compared to analyst estimates of $48.90 million. National Bank Holdings Corporation had a net margin of 17.13% and a return on equity of 6.40%. During the same period in the prior year, the business earned $0.30 EPS. equities research analysts expect that National Bank Holdings Corporation will post 1.21 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of National Bank Holdings Corporation by 41,096.1% in the 1st quarter. BlackRock Inc. now owns 3,487,249 shares of the financial services provider’s stock valued at $113,336,000 after acquiring an additional 3,478,784 shares during the last quarter. Ameriprise Financial Inc. grew its stake in National Bank Holdings Corporation by 6.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 465,817 shares of the financial services provider’s stock worth $15,424,000 after buying an additional 30,210 shares during the last quarter. State Street Corp grew its stake in National Bank Holdings Corporation by 11.9% during the 1st quarter. State Street Corp now owns 911,713 shares of the financial services provider’s stock worth $29,640,000 after buying an additional 96,979 shares during the last quarter. Mason Street Advisors LLC grew its stake in 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 worth $202,000 after buying an additional 549 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in National Bank Holdings Corporation during the 2nd quarter worth approximately $1,190,000. Institutional investors and hedge funds own 94.31% of the company’s stock.

About National Bank Holdings Corporation

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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