National Bank (NBHC) Expected to Announce Earnings on Wednesday

National Bank (NYSE:NBHC) is expected to announce its earnings results after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.79 per share and revenue of $107,377.75 billion for the quarter.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. The firm had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same period in the prior year, the business posted $0.94 EPS. On average, analysts expect National Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

National Bank Price Performance

Shares of NYSE NBHC traded up $0.73 during midday trading on Wednesday, reaching $44.03. The stock had a trading volume of 150,555 shares, compared to its average volume of 164,984. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 13.63 and a beta of 0.86. 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 stock has a 50-day moving average of $45.79 and a 200-day moving average of $43.39. National Bank has a 12-month low of $32.13 and a 12-month high of $51.76.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.63%. This is a boost from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, November 29th. National Bank’s dividend payout ratio (DPR) is presently 35.91%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. DA Davidson increased their price objective on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Hovde Group downgraded shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research report on Monday, November 18th. Stephens upped their price objective on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, Piper Sandler raised their target price 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, National Bank 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.