National Bank (NYSE:NBHC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday, December 27th.
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. “
A number of other equities analysts have also recently issued reports on NBHC. Keefe, Bruyette & Woods reissued a “buy” rating and set a $35.00 price objective on shares of National Bank in a research report on Wednesday, October 4th. BidaskClub raised shares of National Bank from a “hold” rating to a “buy” rating in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. National Bank currently has an average rating of “Hold” and an average price target of $35.83.
Shares of National Bank (NYSE NBHC) opened at $33.58 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. The company has a market cap of $901.56, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.92 and a beta of 0.66. National Bank has a 1 year low of $30.10 and a 1 year high of $37.08.
National Bank (NYSE:NBHC) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The company had revenue of $47.45 million for the quarter, compared to the consensus estimate of $48.90 million. National Bank had a return on equity of 6.40% and a net margin of 17.13%. During the same period last year, the company earned $0.30 EPS. equities research analysts expect that National Bank will post 1.21 EPS for the current fiscal year.
In other National Bank news, Director Robert E. Dean sold 3,076 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $33.74, for a total value of $103,784.24. Following the completion of the sale, the director now owns 22,910 shares in the company, valued at approximately $772,983.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.60% of the company’s stock.
Large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new stake in National Bank in the 2nd quarter valued at about $201,000. Municipal Employees Retirement System of Michigan increased its stake in National Bank by 6.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,280 shares of the financial services provider’s stock valued at $208,000 after buying an additional 380 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in National Bank in the 3rd quarter valued at about $208,000. Victory Capital Management Inc. increased its stake in National Bank by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,478 shares of the financial services provider’s stock valued at $214,000 after buying an additional 970 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of National Bank during the 3rd quarter worth approximately $284,000. Hedge funds and other institutional investors own 95.61% of the company’s stock.
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About National Bank
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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