DA Davidson Predicts Increased Earnings for National Bank

National Bank Holdings Co. (NYSE:NBHC - Free Report) - DA Davidson raised their FY2025 earnings estimates for shares of National Bank in a research report issued to clients and investors on Friday, January 24th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings of $3.65 per share for the year, up from their previous forecast of $3.45. DA Davidson has a "Buy" rating and a $53.00 price objective on the stock. The consensus estimate for National Bank's current full-year earnings is $3.35 per share.

NBHC has been the subject of several other research reports. Piper Sandler increased their target price on shares of National Bank from $44.00 to $48.00 and gave the stock a "neutral" 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 price objective for the company. in a research report on Monday, November 18th. Keefe, Bruyette & Woods upped their price target on National Bank from $47.00 to $52.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, Stephens lifted their price objective on National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, National Bank has an average rating of "Hold" and a consensus price target of $51.40.

National Bank Trading Up 0.1 %

Shares of NYSE NBHC traded up $0.06 during mid-day trading on Monday, reaching $42.51. 192,731 shares of the company's stock were exchanged, compared to its average volume of 195,877. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 13.76 and a beta of 0.86. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76. The company's 50-day moving average is $45.01 and its 200-day moving average is $43.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a return on equity of 9.85% and a net margin of 19.82%.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, February 28th. National Bank's dividend payout ratio is currently 37.54%.

Insider Activity

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank 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 completion of the sale, the insider now directly owns 143,210 shares of the company's stock, valued at approximately $7,133,290.10. The trade was a 11.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Valerie D. Kramer sold 897 shares of the business's stock in a transaction on Monday, November 11th. The stock was 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 of the company's stock, valued at approximately $488,823.05. The trade was a 8.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,431 shares of company stock worth $1,067,505. Corporate insiders own 3.10% of the company's stock.

Institutional Trading of National Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of NBHC. Rosenthal Henry Capital Advisors Inc. acquired a new stake in National Bank during the fourth quarter worth approximately $981,000. KBC Group NV lifted its holdings in shares of National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 1,080 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of National Bank in the 4th quarter valued at about $1,790,000. Principal Financial Group Inc. grew its stake in National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock worth $33,095,000 after buying an additional 208,303 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in National Bank by 1.1% during the third quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider's stock worth $36,276,000 after buying an additional 9,723 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.