National Bank (NYSE:NBHC) Posts Earnings Results, Misses Expectations By $0.27 EPS

National Bank (NYSE:NBHC) issued its earnings results on Tuesday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.27), FiscalAI reports. National Bank had a return on equity of 9.56% and a net margin of 20.50%.The firm had revenue of $100.64 million during the quarter, compared to the consensus estimate of $107.48 million.

National Bank Stock Down 1.0%

Shares of National Bank stock traded down $0.40 during trading on Tuesday, hitting $39.91. The company’s stock had a trading volume of 402,228 shares, compared to its average volume of 399,672. National Bank has a 52 week low of $32.83 and a 52 week high of $44.11. The company has a market capitalization of $1.51 billion, a PE ratio of 12.63 and a beta of 0.81. The company has a fifty day simple moving average of $39.00 and a two-hundred day simple moving average of $38.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from National Bank’s previous quarterly dividend of ($0.30). National Bank’s payout ratio is currently 39.24%.

Hedge Funds Weigh In On National Bank

Institutional investors and hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL purchased a new stake in shares of National Bank during the 2nd quarter valued at about $755,000. Walleye Capital LLC bought a new position in National Bank during the second quarter valued at approximately $479,000. Intech Investment Management LLC lifted its position in National Bank by 26.4% during the first quarter. Intech Investment Management LLC now owns 36,140 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 7,556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 purchasing an additional 1,079 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in National Bank by 97.2% in the 1st quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider’s stock worth $1,007,000 after purchasing an additional 12,962 shares during the period. Institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NBHC. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a report on Thursday. Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target on the stock in a report on Monday, November 10th. Finally, Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, National Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

National Bank Company Profile

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.