National Bank (NBHC) to Release Quarterly Earnings on Wednesday

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

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. 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 9.93% and a net margin of 20.52%. During the same period in the prior year, the firm posted $0.94 earnings per share. 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 Stock Up 1.7 %

Shares of NYSE:NBHC traded up $0.73 during trading on Wednesday, hitting $44.03. 150,555 shares of the company were exchanged, compared to its average volume of 164,984. National Bank has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 13.63 and a beta of 0.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $45.79 and a two-hundred day moving average price of $43.39.

National Bank Increases Dividend

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

Wall Street Analyst Weigh In

NBHC has been the subject of several recent analyst reports. Stephens raised 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, October 24th. Piper Sandler raised their target price on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods lifted their target price on shares of 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 report on Thursday, October 24th. Finally, Hovde Group downgraded shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.40.

Insider Activity at National Bank

In other National Bank news, insider Valerie D. Kramer sold 1,275 shares of National Bank stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $49.62, for a total transaction of $63,265.50. Following the transaction, the insider now owns 10,652 shares of the company’s stock, valued at $528,552.24. This trade represents a 10.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the transaction, the insider now owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. The trade was a 11.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,431 shares of company stock valued at $1,067,505 over the last 90 days. Insiders own 3.10% of the company’s stock.

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.