National Bank (NYSE:NBHC) Posts Earnings Results, Misses Estimates By $0.05 EPS

National Bank (NYSE:NBHC) released its quarterly earnings results on Tuesday. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05), FiscalAI reports. The firm had revenue of $129.06 million for the quarter, compared to the consensus estimate of $135.08 million. National Bank had a net margin of 17.14% and a return on equity of 8.72%.

National Bank Stock Performance

Shares of NBHC stock traded down $0.15 during trading on Tuesday, reaching $45.61. 384,855 shares of the company’s stock traded hands, compared to its average volume of 464,714. The firm’s 50-day moving average is $43.15 and its 200 day moving average is $41.49. The company has a market capitalization of $2.04 billion, a P/E ratio of 17.02 and a beta of 0.78. National Bank has a 1 year low of $35.06 and a 1 year high of $47.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12.

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. National Bank’s payout ratio is 47.76%.

Institutional Investors Weigh In On National Bank

Institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in National Bank by 0.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,668 shares of the financial services provider’s stock valued at $2,306,000 after buying an additional 252 shares during the period. Quarry LP raised its stake in National Bank by 50.8% during the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after buying an additional 613 shares during the last quarter. Swiss National Bank boosted its holdings in National Bank by 0.9% in the fourth quarter. Swiss National Bank now owns 74,600 shares of the financial services provider’s stock worth $2,836,000 after acquiring an additional 700 shares in the last quarter. Royal Bank of Canada boosted its holdings in National Bank by 6.9% in the fourth quarter. Royal Bank of Canada now owns 14,409 shares of the financial services provider’s stock worth $548,000 after acquiring an additional 930 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of National Bank by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider’s stock worth $844,000 after acquiring an additional 1,079 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

NBHC has been the topic of a number of recent analyst reports. Weiss Ratings upgraded National Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. DA Davidson restated a “buy” rating and set a $46.00 price target on shares of National Bank in a research report on Wednesday, April 22nd. Piper Sandler lifted their price objective on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, National Bank presently has an average rating of “Moderate Buy” and an average price target of $46.20.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.