National Bank (NYSE:NBHC) Announces Quarterly Earnings Results

National Bank (NYSE:NBHC) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03, Briefing.com reports. The firm had revenue of $149.43 million for the quarter, compared to the consensus estimate of $101.98 million. National Bank had a return on equity of 11.20% and a net margin of 22.94%. During the same quarter in the previous year, the company earned $1.06 EPS.

National Bank Stock Down 0.4 %

NYSE:NBHC traded down $0.15 during mid-day trading on Friday, reaching $33.50. The stock had a trading volume of 148,331 shares, compared to its average volume of 134,310. The business’s 50 day moving average is $34.14 and its 200 day moving average is $34.09. National Bank has a fifty-two week low of $26.48 and a fifty-two week high of $38.71. The stock has a market cap of $1.27 billion, a P/E ratio of 9.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.95.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NBHC. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $39.00 target price (down previously from $40.00) on shares of National Bank in a report on Friday. StockNews.com upgraded National Bank from a “sell” rating to a “hold” rating in a report on Saturday, April 20th. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. Finally, Piper Sandler upped their target price on National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.00.

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.