National Bank (NYSE:NBHC) Issues Earnings Results

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

National Bank Stock Down 0.2%

Shares of NYSE:NBHC traded down $0.06 on Tuesday, reaching $38.99. The company had a trading volume of 403,452 shares, compared to its average volume of 455,887. National Bank has a 52-week low of $35.06 and a 52-week high of $47.28. The firm’s 50 day simple moving average is $40.08 and its 200-day simple moving average is $41.36. The firm has a market capitalization of $1.74 billion, a PE ratio of 16.38 and a beta of 0.84. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were issued a $0.32 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.3%. National Bank’s dividend payout ratio (DPR) is currently 53.78%.

Analyst Ratings Changes

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