National Bank Holdings Co. (NYSE:NBHC) to Post Q2 2024 Earnings of $0.78 Per Share, DA Davidson Forecasts

National Bank Holdings Co. (NYSE:NBHC) – Analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of National Bank in a research report issued on Friday, April 26th. DA Davidson analyst J. Rulis anticipates that the financial services provider will post earnings per share of $0.78 for the quarter. The consensus estimate for National Bank’s current full-year earnings is $3.33 per share.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $149.43 million during the quarter, compared to analyst estimates 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 last year, the firm posted $1.06 earnings per share.

A number of other equities analysts also recently issued reports on NBHC. Hovde Group decreased their price target on shares of National Bank from $45.00 to $40.50 and set an “outperform” rating for the company in a research note on Monday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $39.00 target price (down previously from $40.00) on shares of National Bank in a research note on Friday, April 26th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research report on Sunday. Piper Sandler increased their price objective on National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, TheStreet cut shares of National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $38.63.

National Bank Trading Down 1.9 %

NYSE:NBHC opened at $32.73 on Monday. The company has a 50-day moving average price of $34.10 and a 200-day moving average price of $34.18. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 9.41 and a beta of 0.84. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.04. National Bank has a 12 month low of $26.48 and a 12 month high of $38.71.

Institutional Trading of National Bank

Several hedge funds and other institutional investors have recently made changes to their positions in NBHC. Quantbot Technologies LP grew its position in National Bank by 2,352.0% during the 3rd quarter. Quantbot Technologies LP now owns 4,904 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 4,704 shares during the last quarter. Quest Partners LLC purchased a new position in National Bank in the fourth quarter worth about $194,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of National Bank by 45.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock worth $204,000 after buying an additional 2,145 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of National Bank during the fourth quarter valued at approximately $244,000. Finally, Mutual of America Capital Management LLC bought a new stake in shares of National Bank during the fourth quarter valued at approximately $246,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.