National Bank (NYSE:NBHC) Announces Earnings Results

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

National Bank Trading Up 1.2 %

Shares of NBHC traded up $0.55 on Thursday, reaching $45.60. 310,581 shares of the company’s stock were exchanged, compared to its average volume of 201,405. National Bank has a 12 month low of $28.60 and a 12 month high of $46.51. The stock has a market capitalization of $1.72 billion, a P/E ratio of 13.10 and a beta of 0.85. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $42.14 and a two-hundred day moving average price of $39.15.

National Bank Increases Dividend

The company 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 dividend of $0.29 per share. This is a boost from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Friday, November 29th. National Bank’s payout ratio is currently 32.18%.

Insiders Place Their Bets

In related news, EVP Christopher S. Randall sold 3,750 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total value of $163,162.50. Following the completion of the sale, the executive vice president now owns 14,365 shares in the company, valued at approximately $625,021.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other National Bank news, EVP Christopher S. Randall sold 3,750 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total value of $163,162.50. Following the sale, the executive vice president now directly owns 14,365 shares in the company, valued at approximately $625,021.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ralph W. Clermont sold 10,000 shares of the business’s 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 transaction, the director now directly owns 66,653 shares of the company’s stock, valued at approximately $2,944,729.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,192 shares of company stock valued at $4,431,998. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NBHC shares. DA Davidson upped their price target on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods increased their target price on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Stephens lifted 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 note on Thursday. Hovde Group lifted their price objective on National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Piper Sandler upped their target price on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $49.00.

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.