National Bank Holdings Corp (NBHC) Expected to Announce Quarterly Sales of $68.86 Million
Equities analysts expect that National Bank Holdings Corp (NYSE:NBHC) will post $68.86 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for National Bank’s earnings, with the lowest sales estimate coming in at $66.30 million and the highest estimate coming in at $71.41 million. National Bank posted sales of $47.45 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 45.1%. The company is scheduled to announce its next quarterly earnings report on Wednesday, October 17th.
According to Zacks, analysts expect that National Bank will report full-year sales of $268.52 million for the current year, with estimates ranging from $260.60 million to $276.43 million. For the next year, analysts anticipate that the firm will post sales of $291.75 million per share, with estimates ranging from $287.90 million to $295.59 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover National Bank.
National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The business had revenue of $68.95 million during the quarter, compared to analysts’ expectations of $67.12 million. National Bank had a return on equity of 8.27% and a net margin of 9.31%. During the same period in the prior year, the firm posted $0.33 EPS.
Shares of NYSE:NBHC traded down $0.08 on Thursday, hitting $38.39. 122,462 shares of the company’s stock were exchanged, compared to its average volume of 116,275. The stock has a market cap of $1.23 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.86 and a beta of 0.78. National Bank has a 1-year low of $30.33 and a 1-year high of $41.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 0.86.
The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Thursday, August 30th. National Bank’s payout ratio is currently 44.44%.
In other National Bank news, Director Robert E. Dean sold 3,771 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $39.50, for a total transaction of $148,954.50. Following the completion of the sale, the director now directly owns 21,814 shares of the company’s stock, valued at approximately $861,653. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Whitney A. Bartelli sold 2,433 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $40.66, for a total value of $98,925.78. Following the sale, the insider now directly owns 3,562 shares of the company’s stock, valued at $144,830.92. The disclosure for this sale can be found here. Insiders sold a total of 23,711 shares of company stock valued at $956,614 over the last three months. Company insiders own 7.60% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of NBHC. Wells Fargo & Company MN raised its stake in National Bank by 6.6% during the 1st quarter. Wells Fargo & Company MN now owns 40,067 shares of the financial services provider’s stock valued at $1,333,000 after acquiring an additional 2,472 shares during the last quarter. Trexquant Investment LP purchased a new stake in National Bank during the 1st quarter valued at approximately $619,000. Schwab Charles Investment Management Inc. raised its stake in National Bank by 6.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 194,717 shares of the financial services provider’s stock valued at $6,475,000 after acquiring an additional 12,650 shares during the last quarter. KBC Group NV raised its stake in National Bank by 102.4% during the 1st quarter. KBC Group NV now owns 46,559 shares of the financial services provider’s stock valued at $1,548,000 after acquiring an additional 23,556 shares during the last quarter. Finally, Northern Trust Corp raised its stake in National Bank by 0.7% during the 1st quarter. Northern Trust Corp now owns 331,782 shares of the financial services provider’s stock valued at $11,032,000 after acquiring an additional 2,289 shares during the last quarter. 93.62% of the stock is owned by hedge funds and other institutional investors.
About National Bank
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
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