National Bank (NYSE:NBHC) Issues Earnings Results

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. The firm had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. National Bank had a return on equity of 10.44% and a net margin of 21.40%. During the same period in the previous year, the firm earned $0.94 EPS.

National Bank Trading Up 5.8 %

Shares of National Bank stock traded up $2.44 during midday trading on Wednesday, reaching $44.31. The company had a trading volume of 92,576 shares, compared to its average volume of 199,012. The firm has a market cap of $1.68 billion, a PE ratio of 12.66 and a beta of 0.85. National Bank has a fifty-two week low of $28.38 and a fifty-two week high of $46.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a fifty day moving average price of $41.94 and a 200 day moving average price of $39.06.

National Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.28 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 2.53%. National Bank’s payout ratio is 32.18%.

Analyst Upgrades and Downgrades

NBHC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price target on 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 objective on shares of National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Hovde Group upped their target price on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. DA Davidson lifted their price target on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Finally, Piper Sandler cut National Bank from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $42.00 to $46.00 in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, National Bank presently has a consensus rating of “Hold” and a consensus target price of $46.40.

Insider Buying and Selling

In other National Bank news, insider Valerie D. Kramer sold 725 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 10,398 shares in the company, valued at approximately $417,687.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Valerie D. Kramer sold 725 shares of the firm’s stock in a transaction dated 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 directly owns 10,398 shares in the company, valued at $417,687.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher S. Randall sold 3,750 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 14,365 shares of the company’s stock, valued at $625,021.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,192 shares of company stock valued at $4,431,998 over the last quarter. Insiders own 3.10% of the company’s stock.

About National Bank

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.