National Bank (NYSE:NBHC) Announces Quarterly Earnings Results

National Bank (NYSE:NBHC) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.03), FiscalAI reports. National Bank had a return on equity of 8.63% and a net margin of 15.11%.The company had revenue of $129.06 million during the quarter, compared to analysts’ expectations of $135.08 million. During the same quarter in the previous year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year.

National Bank Stock Down 3.1%

Shares of NYSE:NBHC opened at $42.34 on Thursday. The firm has a market capitalization of $1.90 billion, a PE ratio of 17.98 and a beta of 0.78. The business has a 50 day simple moving average of $43.29 and a two-hundred day simple moving average of $41.58. National Bank has a 1 year low of $35.06 and a 1 year high of $47.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95.

National Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s dividend payout ratio is 47.76%.

Analyst Upgrades and Downgrades

NBHC has been the topic of several research reports. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson reissued a “buy” rating and set a $46.00 price target on shares of National Bank in a research note on Wednesday, April 22nd. Piper Sandler raised their price target on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Stephens reaffirmed an “overweight” rating on shares of National Bank in a research note on Thursday. Finally, Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.20.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in National Bank during the fourth quarter worth $48,000. Quarry LP raised its position in shares of National Bank by 50.8% in the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 613 shares in the last quarter. State of Wyoming purchased a new stake in shares of National Bank during the 4th quarter worth $69,000. Tower Research Capital LLC TRC boosted its position in National Bank by 131.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 1,927 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in National Bank in the 4th quarter valued at $168,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.