National Bank (NYSE:NBHC) Issues Earnings Results, Misses Estimates By $0.06 EPS

National Bank (NYSE:NBHC) posted its earnings results on Tuesday. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06), Briefing.com reports. The business had revenue of $99.31 million for the quarter, compared to analyst estimates of $102.96 million. National Bank had a net margin of 21.40% and a return on equity of 10.44%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share.

National Bank Price Performance

Shares of NBHC stock traded up $0.34 on Friday, reaching $43.33. 349,906 shares of the company were exchanged, compared to its average volume of 201,433. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 12.35 and a beta of 0.86. The business has a 50-day moving average price of $38.65 and a 200 day moving average price of $35.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.93. National Bank has a 1 year low of $28.38 and a 1 year high of $46.51.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.58%. This is a boost from National Bank’s previous quarterly dividend of $0.27. National Bank’s payout ratio is currently 32.18%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NBHC. Keefe, Bruyette & Woods restated a “market perform” rating and set a $39.00 target price (down from $40.00) on shares of National Bank in a research report on Friday, April 26th. Stephens boosted their target price on shares of National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Sandler downgraded shares of National Bank from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $42.00 to $46.00 in a research report on Thursday. Finally, DA Davidson upped their price objective on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.20.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.