National Bank (NYSE:NBHC) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

National Bank (NYSE:NBHC) released its quarterly earnings data on Wednesday. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07, Zacks reports. National Bank had a net margin of 20.52% and a return on equity of 9.93%.

National Bank Stock Down 1.0 %

NBHC stock traded down $0.46 during midday trading on Wednesday, reaching $43.63. The company had a trading volume of 224,900 shares, compared to its average volume of 174,366. National Bank has a 1 year low of $32.13 and a 1 year high of $51.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.66 billion, a P/E ratio of 13.51 and a beta of 0.86. The company has a 50 day moving average of $45.35 and a two-hundred day moving average of $43.57.

Insiders Place Their Bets

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the transaction, the insider now owns 143,210 shares in the company, valued at approximately $7,133,290.10. This trade represents a 11.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Valerie D. Kramer sold 897 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $50.11, for a total transaction of $44,948.67. Following the transaction, the insider now owns 9,755 shares in the company, valued at $488,823.05. This represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,431 shares of company stock worth $1,067,505 in the last quarter. 3.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NBHC shares. DA Davidson lifted their target price on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Piper Sandler upped their target price on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Stephens upped their price target on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Hovde Group cut shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a report on Monday, November 18th. Finally, Keefe, Bruyette & Woods raised their target price on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, National Bank has an average rating of “Hold” and a consensus target price of $51.40.

National Bank Company Profile

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.