National Bank (NYSE:NBHC) Issues Quarterly Earnings Results

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

National Bank Stock Performance

Shares of NBHC traded up $0.55 during trading hours on Thursday, hitting $45.60. The company had a trading volume of 310,581 shares, compared to its average volume of 201,405. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 13.10 and a beta of 0.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $42.14 and a 200-day moving average of $39.15. National Bank has a 12 month low of $28.60 and a 12 month high of $46.51.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.29 dividend. This is an increase from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Friday, November 29th. National Bank’s payout ratio is currently 32.18%.

Insider Activity at National Bank

In other news, Director Patrick G. Sobers sold 18,738 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $43.10, for a total transaction of $807,607.80. Following the transaction, the director now owns 20,788 shares in the company, valued at approximately $895,962.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other National Bank news, Director Ralph W. Clermont sold 10,000 shares of National Bank stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $44.18, for a total value of $441,800.00. Following the completion of the sale, the director now owns 66,653 shares in the company, valued at $2,944,729.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick G. Sobers sold 18,738 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $43.10, for a total transaction of $807,607.80. Following the transaction, the director now owns 20,788 shares in the company, valued at approximately $895,962.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,192 shares of company stock worth $4,431,998. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NBHC has been the topic of several analyst reports. Piper Sandler upped their target price on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday. DA Davidson increased their price objective on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Stephens upped their price target on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.00.

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.