National Bank (NYSE:NBHC) Releases Earnings Results

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

National Bank Price Performance

Shares of NYSE NBHC traded down $0.15 during midday trading on Tuesday, reaching $45.61. 384,843 shares of the company traded hands, compared to its average volume of 463,490. National Bank has a 12 month low of $35.06 and a 12 month high of $47.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50-day simple moving average is $43.15 and its 200-day simple moving average is $41.49. The firm has a market cap of $2.04 billion, a PE ratio of 17.02 and a beta of 0.78.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, May 29th. National Bank’s dividend payout ratio is currently 47.76%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On National Bank

A number of hedge funds have recently made changes to their positions in NBHC. AQR Capital Management LLC lifted its position in National Bank by 138.9% during the 4th quarter. AQR Capital Management LLC now owns 430,078 shares of the financial services provider’s stock worth $16,347,000 after buying an additional 250,088 shares in the last quarter. Russell Investments Group Ltd. increased its position in National Bank by 143.3% in the 4th quarter. Russell Investments Group Ltd. now owns 405,164 shares of the financial services provider’s stock valued at $15,400,000 after acquiring an additional 238,642 shares in the last quarter. Millennium Management LLC increased its position in National Bank by 2,057.9% in the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after acquiring an additional 190,210 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of National Bank by 146.3% in the third quarter. Two Sigma Investments LP now owns 304,987 shares of the financial services provider’s stock worth $11,785,000 after acquiring an additional 181,137 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of National Bank by 144.1% during the third quarter. Citadel Advisors LLC now owns 236,354 shares of the financial services provider’s stock worth $9,133,000 after purchasing an additional 139,527 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

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.