National Bank (NYSE:NBHC) Announces Earnings Results, Beats Estimates By $0.22 EPS

Posted by Adam Masters on Jan 23rd, 2021 // Comments off

National Bank (NYSE:NBHC) posted its earnings results on Wednesday. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.22, MarketWatch Earnings reports. National Bank had a net margin of 23.03% and a return on equity of 10.63%.

NBHC opened at $36.00 on Friday. The stock has a market capitalization of $1.10 billion, a PE ratio of 13.90 and a beta of 1.05. National Bank has a 1-year low of $20.25 and a 1-year high of $36.62. The firm has a 50-day moving average price of $33.92 and a two-hundred day moving average price of $30.23.

A number of analysts have weighed in on the stock. DA Davidson downgraded shares of National Bank from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a report on Friday, November 20th. TheStreet raised shares of National Bank from a “c+” rating to a “b” rating in a report on Friday, October 16th. Zacks Investment Research downgraded shares of National Bank from a “buy” rating to a “hold” rating in a report on Thursday, December 24th. Finally, Piper Sandler dropped their target price on shares of National Bank from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st.

In other National Bank news, EVP Christopher S. Randall sold 8,900 shares of the firm’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $32.66, for a total value of $290,674.00. Following the completion of the sale, the executive vice president now owns 4,827 shares in the company, valued at approximately $157,649.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maria F. Spring sold 1,279 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $31.49, for a total transaction of $40,275.71. Following the completion of the sale, the director now owns 32,473 shares of the company’s stock, valued at approximately $1,022,574.77. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

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. 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.

National Bank (NYSE:NBHC) Announces Earnings Results, Beats Estimates By $0.22 EPS

You might be interested in: