National Bank (NYSE:NBHC) Stock Rating Lowered by StockNews.com

National Bank (NYSE:NBHC - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Friday.

Several other analysts have also recently issued reports on NBHC. Hovde Group cut National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 target price on the stock. in a research note on Monday, November 18th. Keefe, Bruyette & Woods lifted their price objective on National Bank from $47.00 to $52.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $51.40.

National Bank Trading Up 0.1 %

NBHC traded up $0.03 on Friday, hitting $38.42. 426,305 shares of the company were exchanged, compared to its average volume of 188,387. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. The firm has a fifty day simple moving average of $42.54 and a two-hundred day simple moving average of $43.76. The stock has a market capitalization of $1.46 billion, a PE ratio of 12.43 and a beta of 0.86. National Bank has a 12 month low of $32.13 and a 12 month high of $51.76.

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National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. Sell-side analysts expect that National Bank will post 3.31 earnings per share for the current year.

Hedge Funds Weigh In On National Bank

Several large investors have recently made changes to their positions in NBHC. Bank of Montreal Can increased its position in National Bank by 6.8% during the 4th quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider's stock valued at $306,000 after buying an additional 455 shares in the last quarter. Swiss National Bank grew its stake in shares of National Bank by 0.9% in the fourth quarter. Swiss National Bank now owns 74,500 shares of the financial services provider's stock worth $3,208,000 after acquiring an additional 700 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of National Bank by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,987 shares of the financial services provider's stock valued at $904,000 after acquiring an additional 715 shares in the last quarter. Quarry LP raised its position in shares of National Bank by 503.1% in the 4th quarter. Quarry LP now owns 971 shares of the financial services provider's stock worth $42,000 after purchasing an additional 810 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock worth $51,000 after purchasing an additional 1,052 shares in the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.