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