National Bank (NYSE:NBHC) Releases Earnings Results, Misses Estimates By $0.27 EPS

National Bank (NYSE:NBHC) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.27), FiscalAI reports. National Bank had a return on equity of 9.56% and a net margin of 20.50%.The business had revenue of $100.64 million during the quarter, compared to analysts’ expectations of $107.48 million. During the same period in the prior year, the company posted $0.86 earnings per share.

National Bank Trading Down 1.0%

National Bank stock opened at $39.91 on Wednesday. National Bank has a one year low of $32.83 and a one year high of $44.11. The company’s fifty day moving average price is $39.08 and its two-hundred day moving average price is $38.39. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.63 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.32 dividend. This is a boost from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, February 27th. National Bank’s dividend payout ratio is currently 39.24%.

Institutional Investors Weigh In On National Bank

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP grew its holdings in National Bank by 50.8% during the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 613 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in National Bank by 131.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock valued at $128,000 after buying an additional 1,927 shares during the last quarter. Creative Planning bought a new position in National Bank in the 3rd quarter worth $222,000. Osaic Holdings Inc. lifted its position in National Bank by 126.0% during the 2nd quarter. Osaic Holdings Inc. now owns 6,367 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 3,550 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in National Bank during the third quarter valued at about $328,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NBHC has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target on the stock in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, National Bank has an average rating of “Moderate Buy” and a consensus price target of $44.50.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.