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

National Bank (NYSE:NBHC) posted its earnings results on Tuesday. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10, Briefing.com reports. National Bank had a net margin of 20.52% and a return on equity of 10.06%. The firm had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. During the same quarter in the prior year, the company earned $0.94 EPS.

National Bank Trading Down 0.9 %

Shares of NBHC stock traded down $0.42 during trading hours on Friday, reaching $45.18. 22,858 shares of the stock traded hands, compared to its average volume of 200,523. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.71 billion, a PE ratio of 14.12 and a beta of 0.85. National Bank has a 1-year low of $29.86 and a 1-year high of $46.51. The business has a fifty day moving average price of $42.14 and a 200 day moving average price of $39.15.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.57%. This is a boost from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 29th. National Bank’s dividend payout ratio (DPR) is presently 34.67%.

Insider Buying and Selling

In other news, insider Valerie D. Kramer sold 725 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the sale, the insider now owns 10,398 shares in the company, valued at $417,687.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Valerie D. Kramer sold 725 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the sale, the insider now directly owns 10,398 shares in the company, valued at approximately $417,687.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 owns 66,653 shares in the company, valued at $2,944,729.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,454 shares of company stock valued at $3,624,390. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NBHC shares. Stephens upped their target price on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday. Piper Sandler increased their price target on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday. DA Davidson upped their target price on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday. Keefe, Bruyette & Woods increased their target price on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Finally, StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.