Zacks Investment Research cut shares of National Bank (NYSE:NBHC) from a buy rating to a hold rating in a report released on Wednesday, Zacks.com reports.
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. “
Separately, ValuEngine downgraded shares of National Bank from a hold rating to a sell rating in a report on Wednesday, July 17th.
NBHC stock traded down $0.61 during mid-day trading on Wednesday, reaching $34.21. The company’s stock had a trading volume of 85,451 shares, compared to its average volume of 124,907. The stock has a market cap of $1.08 billion, a PE ratio of 14.69, a PEG ratio of 1.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.92 and a current ratio of 0.94. National Bank has a fifty-two week low of $29.26 and a fifty-two week high of $41.44. The company’s 50 day moving average price is $35.89.
National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $73.15 million during the quarter, compared to the consensus estimate of $72.64 million. National Bank had a net margin of 24.37% and a return on equity of 10.60%. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, research analysts forecast that National Bank will post 2.42 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of National Bank by 46.9% during the 4th quarter. Millennium Management LLC now owns 470,280 shares of the financial services provider’s stock worth $14,518,000 after purchasing an additional 150,170 shares during the period. Boston Partners boosted its position in shares of National Bank by 16.9% during the 1st quarter. Boston Partners now owns 406,527 shares of the financial services provider’s stock worth $13,521,000 after purchasing an additional 58,855 shares during the period. Handelsbanken Fonder AB boosted its position in shares of National Bank by 25.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 330,000 shares of the financial services provider’s stock worth $11,979,000 after purchasing an additional 66,600 shares during the period. Geode Capital Management LLC boosted its position in shares of National Bank by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 298,071 shares of the financial services provider’s stock worth $9,201,000 after purchasing an additional 17,211 shares during the period. Finally, Hillcrest Asset Management LLC lifted its holdings in National Bank by 36.0% during the 1st quarter. Hillcrest Asset Management LLC now owns 292,656 shares of the financial services provider’s stock worth $9,734,000 after buying an additional 77,476 shares in the last quarter. 94.14% of the stock is owned by institutional investors and hedge funds.
National Bank Company Profile
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
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