Wall Street brokerages expect that National Bank Holdings Corp (NYSE:NBHC) will post earnings of $0.54 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for National Bank’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.59. National Bank reported earnings per share of $0.47 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.9%. The company is scheduled to issue its next quarterly earnings results on Thursday, April 25th.
According to Zacks, analysts expect that National Bank will report full-year earnings of $2.30 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.45. For the next financial year, analysts anticipate that the company will report earnings of $2.55 per share, with EPS estimates ranging from $2.49 to $2.60. Zacks’ EPS calculations are an average based on a survey of research firms that cover National Bank.
National Bank (NYSE:NBHC) last posted its earnings results on Thursday, January 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01). The company had revenue of $65.95 million for the quarter, compared to analyst estimates of $66.82 million. National Bank had a return on equity of 10.14% and a net margin of 21.03%. During the same quarter in the previous year, the firm posted $0.36 earnings per share.
Several brokerages recently issued reports on NBHC. Stephens reiterated a “hold” rating and issued a $35.00 price objective on shares of National Bank in a research report on Thursday, February 7th. Zacks Investment Research downgraded National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. National Bank currently has a consensus rating of “Hold” and an average target price of $38.60.
Shares of NBHC traded up $0.57 on Friday, hitting $33.89. The company’s stock had a trading volume of 531 shares, compared to its average volume of 127,232. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 0.92. National Bank has a fifty-two week low of $29.26 and a fifty-two week high of $41.44. The firm has a market capitalization of $1.00 billion, a PE ratio of 15.63, a P/E/G ratio of 1.42 and a beta of 0.97.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, February 22nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, February 21st. National Bank’s dividend payout ratio (DPR) is currently 31.48%.
In other news, CEO G. Timothy Laney sold 15,136 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $34.87, for a total transaction of $527,792.32. Following the sale, the chief executive officer now owns 439,044 shares in the company, valued at approximately $15,309,464.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Quantamental Technologies LLC acquired a new stake in shares of National Bank during the 4th quarter worth $65,000. SG Americas Securities LLC acquired a new stake in shares of National Bank during the 4th quarter worth $109,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of National Bank during the 4th quarter worth $303,000. FDx Advisors Inc. grew its holdings in shares of National Bank by 3.9% during the 4th quarter. FDx Advisors Inc. now owns 11,032 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 418 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of National Bank during the 3rd quarter worth $436,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.
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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