The Zacks Investment Research Lowers National Bank Holdings Corp. (NBHC) to Hold

The Zacks Investment Research Lowers National Bank Holdings Corp. (NBHC) to Hold

Zacks Investment Research lowered shares of National Bank Holdings Corp. (NYSE:NBHC) from a buy rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “National Bank Holdings Corporation is a bank holding company operating full-service banking centers, with the majority of those banking centers located in Colorado and the greater Kansas City region. The Company, through its subsidiaries, provides services through community banking franchises serving the needs of retail and business customers. National Bank Holdings Corporation is based in Greenwood Village, Colorado. “

Other equities analysts also recently issued research reports about the company. TheStreet raised National Bank Holdings Corp. from a hold rating to a buy rating in a research report on Friday, July 22nd. Hovde Group initiated coverage on National Bank Holdings Corp. in a research report on Wednesday, September 7th. They set a market perform rating and a $25.00 price target on the stock. Finally, Stephens raised National Bank Holdings Corp. from an equal weight rating to an overweight rating and increased their price target for the stock from $21.00 to $25.00 in a research report on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $23.17.

National Bank Holdings Corp. (NYSE:NBHC) opened at 22.81 on Wednesday. National Bank Holdings Corp. has a 12 month low of $18.41 and a 12 month high of $24.14. The stock has a market cap of $653.19 million, a price-to-earnings ratio of 72.41 and a beta of 0.62. The firm’s 50-day moving average price is $23.49 and its 200 day moving average price is $21.40.

National Bank Holdings Corp. (NYSE:NBHC) last announced its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.03. National Bank Holdings Corp. had a net margin of 4.78% and a return on equity of 3.44%. On average, analysts anticipate that National Bank Holdings Corp. will post $0.60 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Paloma Partners Management Co bought a new stake in shares of National Bank Holdings Corp. during the second quarter worth $228,000. Numeric Investors LLC bought a new stake in shares of National Bank Holdings Corp. during the second quarter worth $246,000. Menta Capital LLC bought a new stake in shares of National Bank Holdings Corp. during the first quarter worth $271,000. A.R.T. Advisors LLC bought a new stake in shares of National Bank Holdings Corp. during the second quarter worth $299,000. Finally, Capital Fund Management S.A. bought a new stake in shares of National Bank Holdings Corp. during the second quarter worth $303,000.

About National Bank Holdings Corp.

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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