National Bank Holdings Corporation (NYSE:NBHC) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
Several other equities research analysts have also weighed in on the stock. Piper Jaffray Companies assumed coverage on shares of National Bank Holdings Corporation in a research note on Tuesday, July 11th. They set a “neutral” rating and a $35.00 price objective on the stock. Zacks Investment Research upgraded shares of National Bank Holdings Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a research note on Thursday, June 29th. Stephens set a $34.00 price objective on shares of National Bank Holdings Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 price objective on shares of National Bank Holdings Corporation in a research note on Monday, June 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.20.
Shares of National Bank Holdings Corporation (NBHC) traded up 0.015% during trading on Wednesday, reaching $33.665. The company had a trading volume of 132,360 shares. The stock has a market capitalization of $901.62 million, a price-to-earnings ratio of 30.942 and a beta of 0.66. The stock has a 50 day moving average of $32.75 and a 200 day moving average of $32.17. National Bank Holdings Corporation has a 52-week low of $19.84 and a 52-week high of $36.04.
National Bank Holdings Corporation (NYSE:NBHC) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $48.85 million for the quarter, compared to analysts’ expectations of $48.30 million. National Bank Holdings Corporation had a net margin of 15.65% and a return on equity of 5.59%. During the same quarter last year, the company posted $0.15 earnings per share. Equities research analysts forecast that National Bank Holdings Corporation will post $1.21 EPS for the current year.
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Several large investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its stake in shares of National Bank Holdings Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the financial services provider’s stock valued at $361,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of National Bank Holdings Corporation by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 5,270 shares of the financial services provider’s stock valued at $174,000 after buying an additional 2,330 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of National Bank Holdings Corporation by 23.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 9,427 shares of the financial services provider’s stock valued at $306,000 after buying an additional 1,800 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of National Bank Holdings Corporation by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 77,935 shares of the financial services provider’s stock valued at $2,533,000 after buying an additional 2,318 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of National Bank Holdings Corporation by 34.5% in the first quarter. AQR Capital Management LLC now owns 96,199 shares of the financial services provider’s stock valued at $3,126,000 after buying an additional 24,662 shares during the last quarter. Institutional investors own 95.89% of the company’s stock.
National Bank Holdings Corporation Company Profile
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.
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