Stock Rating Downgrade
Of late the Value Trend Rating for National Bank Holdings Corp (NYSE: NBHC) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 8/9/24, National Bank Holdings Corp (NYSE: NBHC) stock rose modestly by 0.4%, closing at $39.84. However, this advance was accompanied by unusually low trading volume at 60% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NBHC is expected to continue to be a Value Builder.
National Bank Holdings has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. National Bank Holdings has a neutral Appreciation Score of 60 and a slightly positive Power Rating of 63, leading to the High Neutral Value Trend Rating.
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