National Bank (NYSE:NBHC) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

National Bank (NYSE:NBHC) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07, Zacks reports. National Bank had a net margin of 20.52% and a return on equity of 9.93%.

National Bank Stock Down 1.0 %

Shares of NYSE:NBHC traded down $0.46 during trading on Wednesday, hitting $43.63. The company’s stock had a trading volume of 224,900 shares, compared to its average volume of 174,366. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. National Bank has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The stock’s 50-day moving average price is $45.35 and its two-hundred day moving average price is $43.57. The company has a market capitalization of $1.66 billion, a PE ratio of 13.51 and a beta of 0.86.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their target price on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. DA Davidson boosted their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Piper Sandler boosted their price objective 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. Hovde Group lowered 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 report on Monday, November 18th. Finally, Stephens raised their target price on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.40.

Insider Activity

In related news, insider Valerie D. Kramer sold 897 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction of $44,948.67. Following the transaction, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. This trade represents a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the sale, 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. In the last three months, insiders sold 21,431 shares of company stock worth $1,067,505. 3.30% of the stock is currently owned by insiders.

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.