National Bank (NYSE:NBHC – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.
NBHC has been the topic of a number of other research reports. Stephens cut shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a report on Thursday, August 6th. Piper Sandler lowered their target price on National Bank from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, July 27th. Finally, Weiss Ratings cut National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, National Bank presently has an average rating of “Hold” and an average target price of $47.67.
View Our Latest Stock Analysis on NBHC
National Bank Stock Up 0.3%
National Bank (NYSE:NBHC – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%.The business had revenue of $129.94 million during the quarter, compared to the consensus estimate of $135.08 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. Equities analysts anticipate that National Bank will post 3.35 EPS for the current year.
Institutional Trading of National Bank
Several large investors have recently added to or reduced their stakes in the business. Nykredit A S bought a new stake in National Bank during the 2nd quarter valued at $34,000. Global Retirement Partners LLC bought a new position in shares of National Bank in the fourth quarter worth $66,000. Integrated Wealth Concepts LLC bought a new position in shares of National Bank in the second quarter worth $90,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of National Bank during the first quarter valued at $219,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of National Bank during the first quarter valued at about $221,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.
About National Bank
National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its principal subsidiary, NBH Bank, the company provides community banking services to businesses, individuals and organizations.
NBH Bank offers commercial and small-business lending, personal and business deposit accounts, mortgage and consumer loans, treasury management, digital banking and wealth management services. Its products are designed to support commercial clients, professionals, entrepreneurs and retail customers.
The company serves customers through a network of banking locations and digital channels in several markets across the central and western United States, including Colorado, Kansas, Missouri, New Mexico, Texas and Wyoming.
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