BidaskClub Downgrades National Bank Holdings Corporation (NBHC) to Sell

BidaskClub lowered shares of National Bank Holdings Corporation (NYSE:NBHC) from a hold rating to a sell rating in a report issued on Thursday.

Several other research analysts have also commented on the stock. DA Davidson restated a neutral rating on shares of National Bank Holdings Corporation in a report on Friday, July 21st. Zacks Investment Research lowered shares of National Bank Holdings Corporation from a hold rating to a strong sell rating in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods lowered shares of National Bank Holdings Corporation from an outperform rating to a mkt perform rating in a research note on Saturday, October 21st. Finally, Sandler O’Neill upgraded shares of National Bank Holdings Corporation from a hold rating to a buy rating and set a $36.00 price objective on the stock in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. National Bank Holdings Corporation presently has a consensus rating of Hold and an average price target of $35.00.

National Bank Holdings Corporation (NBHC) traded down $0.14 during midday trading on Thursday, reaching $30.74. 112,400 shares of the company traded hands, compared to its average volume of 114,961. National Bank Holdings Corporation has a 52-week low of $25.13 and a 52-week high of $37.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market capitalization of $825.31, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 2.53 and a beta of 0.65.

National Bank Holdings Corporation (NYSE:NBHC) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). National Bank Holdings Corporation had a net margin of 17.13% and a return on equity of 6.40%. The business had revenue of $47.45 million during the quarter, compared to analysts’ expectations of $48.90 million. During the same quarter in the previous year, the business posted $0.30 EPS. sell-side analysts anticipate that National Bank Holdings Corporation will post 1.21 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.chaffeybreeze.com/2017/11/13/bidaskclub-downgrades-national-bank-holdings-corporation-nbhc-to-sell.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.17%. National Bank Holdings Corporation’s dividend payout ratio is currently 28.80%.

Several institutional investors and hedge funds have recently bought and sold shares of NBHC. BlackRock Inc. grew its position in shares of National Bank Holdings Corporation by 41,096.1% during the first quarter. BlackRock Inc. now owns 3,487,249 shares of the financial services provider’s stock worth $113,336,000 after buying an additional 3,478,784 shares in the last quarter. Federated Investors Inc. PA grew its position in shares of National Bank Holdings Corporation by 452,038.7% during the second quarter. Federated Investors Inc. PA now owns 140,163 shares of the financial services provider’s stock worth $4,641,000 after buying an additional 140,132 shares in the last quarter. Vanguard Group Inc. grew its position in shares of National Bank Holdings Corporation by 5.0% during the first quarter. Vanguard Group Inc. now owns 2,508,294 shares of the financial services provider’s stock worth $81,519,000 after buying an additional 118,787 shares in the last quarter. State Street Corp grew its position in shares of National Bank Holdings Corporation by 11.9% during the first quarter. State Street Corp now owns 911,713 shares of the financial services provider’s stock worth $29,640,000 after buying an additional 96,979 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of National Bank Holdings Corporation by 129.7% during the first quarter. Bank of America Corp DE now owns 154,442 shares of the financial services provider’s stock worth $5,020,000 after buying an additional 87,200 shares in the last quarter. Institutional investors own 94.54% of the company’s stock.

About National Bank Holdings Corporation

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

Receive News & Ratings for National Bank Holdings Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank Holdings Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply