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

Zacks Investment Research downgraded shares of National Bank Holdings Corp. (NYSE:NBHC) from a buy rating to a hold rating in a report issued 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. “

Several other analysts have also weighed in on NBHC. Stephens upgraded shares of National Bank Holdings Corp. from an equal weight rating to an overweight rating and boosted their target price for the company from $21.00 to $25.00 in a research note on Friday, August 12th. TheStreet upgraded shares of National Bank Holdings Corp. from a hold rating to a buy rating in a research note on Friday, July 22nd. Finally, Hovde Group began coverage on shares of National Bank Holdings Corp. in a research note on Wednesday, September 7th. They set a market perform rating and a $25.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $23.17.

Analyst Recommendations for National Bank Holdings Corp. (NYSE:NBHC)

Shares of National Bank Holdings Corp. (NYSE:NBHC) traded down 0.22% during trading on Wednesday, hitting $22.98. 5,353 shares of the stock were exchanged. The stock has a market cap of $658.06 million, a P/E ratio of 72.95 and a beta of 0.62. The stock has a 50-day moving average of $23.52 and a 200 day moving average of $21.37. National Bank Holdings Corp. has a 12-month low of $18.41 and a 12-month high of $24.14.

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

Institutional investors have recently made changes to their positions in the stock. Paloma Partners Management Co purchased a new position in shares of National Bank Holdings Corp. during the second quarter valued at about $228,000. Numeric Investors LLC purchased a new position in shares of National Bank Holdings Corp. during the second quarter valued at about $246,000. Menta Capital LLC purchased a new position in shares of National Bank Holdings Corp. during the first quarter valued at about $271,000. A.R.T. Advisors LLC purchased a new position in shares of National Bank Holdings Corp. during the second quarter valued at about $299,000. Finally, Capital Fund Management S.A. purchased a new position in shares of National Bank Holdings Corp. during the second quarter valued at about $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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