National Bank (NYSE:NBHC) Upgraded by ValuEngine to Hold

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

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

Shares of NBHC opened at $34.34 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.92. National Bank has a one year low of $29.26 and a one year high of $38.92. The firm has a market capitalization of $1.04 billion, a P/E ratio of 14.09 and a beta of 1.07. The business has a fifty day moving average of $34.32 and a 200 day moving average of $35.26.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. National Bank had a return on equity of 10.60% and a net margin of 24.37%. The company had revenue of $73.15 million during the quarter, compared to analyst estimates of $72.64 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. Analysts expect that National Bank will post 2.46 EPS for the current fiscal year.

In other National Bank news, Director Maria F. Spring sold 19,333 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $34.00, for a total transaction of $657,322.00. Following the completion of the sale, the director now owns 50,828 shares of the company’s stock, valued at $1,728,152. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NBHC. Nuveen Asset Management LLC bought a new stake in National Bank during the second quarter valued at about $16,313,000. Skyline Asset Management LP bought a new stake in National Bank during the second quarter valued at about $8,251,000. Russell Investments Group Ltd. grew its holdings in National Bank by 22.0% during the second 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. BlackRock Inc. grew its holdings in National Bank by 3.7% during the second 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. Finally, Morgan Stanley grew its holdings in National Bank by 868.3% during the second quarter. Morgan Stanley now owns 120,501 shares of the financial services provider’s stock valued at $4,374,000 after purchasing an additional 108,057 shares during the period. 94.24% of the stock is owned by institutional investors and hedge funds.

About National Bank

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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