National Bank (NYSE:NBHC) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

National Bank (NYSE:NBHC) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07, Zacks reports. National Bank had a net margin of 19.82% and a return on equity of 9.85%.

National Bank Trading Down 3.1 %

National Bank stock opened at $42.21 on Friday. National Bank has a 1 year low of $32.13 and a 1 year high of $51.76. The firm’s 50-day moving average is $45.26 and its 200-day moving average is $43.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $1.60 billion, a P/E ratio of 13.66 and a beta of 0.86.

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 annualized dividend and a yield of 2.75%. National Bank’s payout ratio is 37.54%.

Insider Activity at National Bank

In other National Bank news, insider Valerie D. Kramer sold 897 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the sale, the insider now directly owns 9,755 shares of the company’s stock, valued at $488,823.05. This trade represents a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the transaction, the insider now directly owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. This trade represents a 11.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,431 shares of company stock valued at $1,067,505 in the last quarter. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Hovde Group downgraded National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a report on Monday, November 18th. Keefe, Bruyette & Woods increased their target price on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson lifted their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Piper Sandler increased their price objective on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Stephens boosted their target price 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, October 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.40.

National Bank Company Profile

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.