StockNews.com Lowers National Bank (NYSE:NBHC) to Sell

StockNews.com lowered shares of National Bank (NYSE:NBHC) from a hold rating to a sell rating in a research report report published on Wednesday morning.

NBHC has been the topic of several other reports. Piper Sandler boosted their price target on National Bank from $40.00 to $41.00 and gave the stock an overweight rating in a report on Thursday, January 25th. TheStreet cut National Bank from a b rating to a c+ rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $38.33.

National Bank Stock Performance

National Bank stock opened at $36.07 on Wednesday. National Bank has a 12-month low of $26.48 and a 12-month high of $38.71. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $34.52 and its two-hundred day moving average price is $33.54. The stock has a market cap of $1.36 billion, a PE ratio of 9.70 and a beta of 0.83.

National Bank (NYSE:NBHC) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. National Bank had a return on equity of 12.20% and a net margin of 25.40%. The firm had revenue of $107.23 million for the quarter, compared to analysts’ expectations of $103.96 million. During the same quarter in the previous year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, analysts expect that National Bank will post 3.33 earnings per share for the current fiscal year.

National Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Thursday, February 22nd. National Bank’s dividend payout ratio (DPR) is currently 29.03%.

Institutional Trading of National Bank

Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in National Bank by 2.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 11,684 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 266 shares during the last quarter. Rhumbline Advisers boosted its holdings in National Bank by 0.3% in the third quarter. Rhumbline Advisers now owns 110,814 shares of the financial services provider’s stock valued at $3,298,000 after acquiring an additional 331 shares during the last quarter. FMR LLC boosted its holdings in National Bank by 78.9% in the third quarter. FMR LLC now owns 850 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 375 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in National Bank by 24.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,005 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 393 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in National Bank by 2.6% in the fourth quarter. American International Group Inc. now owns 16,482 shares of the financial services provider’s stock valued at $693,000 after acquiring an additional 410 shares during the last quarter. 92.65% of the stock is currently owned by 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.