National Bank (NYSE:NBHC) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

National Bank (NYSE:NBHC) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $102.32 million. During the same period in the prior year, the company earned $0.94 earnings per share.

National Bank Trading Up 6.2 %

Shares of NYSE NBHC traded up $2.59 during midday trading on Wednesday, reaching $44.46. The company had a trading volume of 96,606 shares, compared to its average volume of 199,031. The stock has a market cap of $1.68 billion, a PE ratio of 12.73 and a beta of 0.85. National Bank has a one year low of $28.38 and a one year high of $46.51. The firm’s fifty day moving average price is $41.94 and its 200-day moving average price is $39.06. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.52%. National Bank’s dividend payout ratio (DPR) is currently 32.18%.

Insiders Place Their Bets

In other news, Director Patrick G. Sobers sold 18,738 shares of National Bank stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $43.10, for a total value of $807,607.80. Following the sale, the director now directly owns 20,788 shares in the company, valued at approximately $895,962.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Patrick G. Sobers sold 18,738 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $43.10, for a total transaction of $807,607.80. Following the sale, the director now owns 20,788 shares in the company, valued at approximately $895,962.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ralph W. Clermont sold 10,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $44.18, for a total transaction of $441,800.00. Following the completion of the transaction, the director now 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. Insiders have sold 103,192 shares of company stock valued at $4,431,998 in the last ninety days. Company insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NBHC shares. Hovde Group lifted their price objective on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. DA Davidson boosted their target price on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Keefe, Bruyette & Woods lifted their price target on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Finally, Piper Sandler lowered National Bank from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $42.00 to $46.00 in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, National Bank has an average rating of “Hold” and a consensus target price of $46.40.

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.