National Bank (NYSE:NBHC) Announces Earnings Results

National Bank (NYSE:NBHC) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.73), FiscalAI reports. The company had revenue of $126.44 million for the quarter, compared to analysts’ expectations of $134.81 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%.

National Bank Trading Down 0.2%

NBHC traded down $0.06 during trading on Tuesday, hitting $38.99. 402,289 shares of the company’s stock were exchanged, compared to its average volume of 455,887. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. National Bank has a 1 year low of $35.06 and a 1 year high of $47.28. The stock has a 50 day moving average price of $40.08 and a 200 day moving average price of $41.36. The firm has a market cap of $1.74 billion, a P/E ratio of 16.38 and a beta of 0.84.

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, August 28th. National Bank’s payout ratio is 53.78%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NBHC. Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Piper Sandler cut their target price on National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. DA Davidson cut their target price on National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Stephens cut National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a report on Thursday, August 6th. Finally, Weiss Ratings downgraded National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, October 19th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.67.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.