National Bank (NYSE:NBHC – Get Free Report) 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
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.
View Our Latest Stock Analysis on National Bank
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.
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