National Bank (NYSE:NBHC) Rating Increased to Hold at ValuEngine

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National Bank (NYSE:NBHC) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st.

Shares of NBHC stock opened at $34.34 on Thursday. The firm has a market cap of $1.04 billion, a P/E ratio of 14.09 and a beta of 1.07. National Bank has a fifty-two week low of $29.26 and a fifty-two week high of $38.92. The business’s 50 day moving average price is $34.32 and its 200-day moving average price is $35.26. 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 (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. The firm had revenue of $73.15 million for the quarter, compared to analyst estimates of $72.64 million. National Bank had a return on equity of 10.60% and a net margin of 24.37%. During the same period last year, the company earned $0.56 EPS. As a group, equities analysts predict that National Bank will post 2.46 EPS for the current year.

In other news, Director Maria F. Spring sold 19,333 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $34.00, for a total value of $657,322.00. Following the completion of the transaction, the director now owns 50,828 shares in the company, valued at approximately $1,728,152. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of National Bank by 3.7% in the 2nd quarter. BlackRock Inc. now owns 4,166,442 shares of the financial services provider’s stock valued at $151,243,000 after purchasing an additional 147,626 shares during the period. Vanguard Group Inc. lifted its stake in shares of National Bank by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,784,763 shares of the financial services provider’s stock valued at $101,087,000 after purchasing an additional 23,933 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of National Bank by 22.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 956,322 shares of the financial services provider’s stock valued at $34,707,000 after purchasing an additional 172,460 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of National Bank in the 2nd quarter valued at approximately $16,313,000. Finally, Boston Partners lifted its stake in shares of National Bank by 4.3% in the 2nd quarter. Boston Partners now owns 424,087 shares of the financial services provider’s stock valued at $15,394,000 after purchasing an additional 17,560 shares during the period. Institutional investors own 94.24% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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