National Bank (NYSE:NBHC) Downgraded by ValuEngine to “Sell”

National Bank (NYSE:NBHC) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Monday, ValuEngine reports.

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

Shares of National Bank stock traded up $0.74 during trading on Monday, reaching $36.15. The company’s stock had a trading volume of 89,000 shares, compared to its average volume of 135,928. The business’s 50-day moving average price is $34.78 and its 200-day moving average price is $35.36. The firm has a market cap of $1.10 billion, a PE ratio of 16.74 and a beta of 1.07. National Bank has a 52 week low of $29.26 and a 52 week high of $38.92. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.37.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $73.15 million during the quarter, compared to analysts’ expectations of $72.64 million. National Bank had a net margin of 24.37% and a return on equity of 10.60%. During the same quarter in the previous year, the business posted $0.56 earnings per share. Equities analysts predict that National Bank will post 2.46 earnings per share for the current year.

In related 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 value of $657,322.00. Following the completion of the transaction, the director now owns 50,828 shares of the company’s stock, valued at $1,728,152. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.50% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Valeo Financial Advisors LLC raised its stake in National Bank by 122.8% in the third quarter. Valeo Financial Advisors LLC now owns 2,787 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,536 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in National Bank during the second quarter worth about $109,000. Aperio Group LLC acquired a new position in National Bank during the second quarter worth about $193,000. Bank of Montreal Can raised its stake in National Bank by 66.8% during the second quarter. Bank of Montreal Can now owns 6,182 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 2,476 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in National Bank during the second quarter worth about $382,000. 94.32% of the stock is owned by institutional investors and hedge funds.

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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