FY2018 Earnings Estimate for National Bank Holdings Corp (NBHC) Issued By Piper Jaffray Companies

National Bank Holdings Corp (NYSE:NBHC) – Investment analysts at Piper Jaffray Companies lifted their FY2018 earnings per share estimates for National Bank in a research report issued on Wednesday, October 24th. Piper Jaffray Companies analyst B. Rabatin now expects that the financial services provider will post earnings per share of $2.18 for the year, up from their prior estimate of $2.17. Piper Jaffray Companies currently has a “Neutral” rating and a $40.00 target price on the stock. Piper Jaffray Companies also issued estimates for National Bank’s Q4 2018 earnings at $0.56 EPS, Q1 2019 earnings at $0.49 EPS, Q1 2020 earnings at $0.59 EPS, Q2 2020 earnings at $0.60 EPS, Q3 2020 earnings at $0.64 EPS and FY2020 earnings at $2.49 EPS.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. National Bank had a net margin of 12.64% and a return on equity of 9.62%. The firm had revenue of $68.96 million during the quarter, compared to analysts’ expectations of $70.79 million. During the same quarter in the prior year, the company earned $0.26 EPS. The company’s revenue was up 40.8% compared to the same quarter last year.



Several other brokerages have also recently weighed in on NBHC. Hovde Group set a $40.00 price target on shares of National Bank and gave the stock a “hold” rating in a research report on Monday, July 30th. ValuEngine lowered shares of National Bank from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research lowered shares of National Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, Stephens set a $41.00 price objective on shares of National Bank and gave the stock a “hold” rating in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.17.

Shares of NBHC opened at $32.71 on Friday. National Bank has a fifty-two week low of $30.33 and a fifty-two week high of $41.44. The company has a market capitalization of $1.02 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.54 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.87 and a quick ratio of 0.84.

In related news, Director Robert E. Dean sold 2,486 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $40.65, for a total transaction of $101,055.90. Following the completion of the transaction, the director now owns 25,564 shares in the company, valued at approximately $1,039,176.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Zsolt K. Bessko sold 5,805 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $40.40, for a total transaction of $234,522.00. Following the transaction, the insider now owns 33,870 shares of the company’s stock, valued at approximately $1,368,348. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,711 shares of company stock valued at $956,614. 7.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of National Bank by 3.6% during the 1st quarter. Legal & General Group Plc now owns 49,974 shares of the financial services provider’s stock worth $1,661,000 after acquiring an additional 1,715 shares in the last quarter. Federated Investors Inc. PA increased its stake in National Bank by 64.1% during the 2nd quarter. Federated Investors Inc. PA now owns 257,484 shares of the financial services provider’s stock valued at $9,936,000 after purchasing an additional 100,606 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in National Bank by 11.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 216,519 shares of the financial services provider’s stock valued at $8,356,000 after purchasing an additional 21,802 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in National Bank during the 2nd quarter valued at approximately $222,000. Finally, Bank of New York Mellon Corp increased its stake in National Bank by 14.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 957,260 shares of the financial services provider’s stock valued at $36,940,000 after purchasing an additional 123,316 shares in the last quarter. Hedge funds and other institutional investors own 93.63% of the company’s stock.

National Bank Company Profile

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

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Earnings History and Estimates for National Bank (NYSE:NBHC)

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