National Bank (NYSE:NBHC) Announces Earnings Results

National Bank (NYSE:NBHC) issued its earnings results on Tuesday. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10, Briefing.com reports. National Bank had a net margin of 21.40% and a return on equity of 10.44%. The business had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. During the same quarter last year, the firm posted $0.94 EPS.

National Bank Stock Performance

Shares of NBHC traded up $2.47 during midday trading on Wednesday, hitting $44.34. 73,618 shares of the stock traded hands, compared to its average volume of 198,919. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. National Bank has a 1-year low of $28.38 and a 1-year high of $46.51. The business’s 50 day moving average price is $41.94 and its two-hundred day moving average price is $39.06. The firm has a market capitalization of $1.68 billion, a PE ratio of 12.66 and a beta of 0.85.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.53%. National Bank’s payout ratio is currently 32.18%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NBHC. StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their target price on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Piper Sandler downgraded shares of National Bank from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $42.00 to $46.00 in a research note on Thursday, July 25th. Stephens upped their price objective on shares of National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Finally, Hovde Group lifted their target price on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.40.

Insider Activity at National Bank

In other National Bank news, insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the transaction, the insider now owns 10,398 shares in the company, valued at approximately $417,687.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO G. Timothy Laney sold 49,763 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $42.64, for a total value of $2,121,894.32. Following the completion of the transaction, the chief executive officer now owns 272,126 shares in the company, valued at $11,603,452.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Valerie D. Kramer sold 725 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the sale, the insider now owns 10,398 shares in the company, valued at $417,687.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,192 shares of company stock worth $4,431,998 in the last ninety days. 3.10% of the stock is owned by insiders.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.