Brokers Set Expectations for National Bank Q4 Earnings

National Bank Holdings Co. (NYSE:NBHC - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 EPS estimates for National Bank in a research report issued to clients and investors on Thursday, October 24th. DA Davidson analyst J. Rulis expects that the financial services provider will earn $0.84 per share for the quarter. DA Davidson currently has a "Buy" rating and a $53.00 target price on the stock. The consensus estimate for National Bank's current full-year earnings is $3.03 per share.

NBHC has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their target price on shares of National Bank from $39.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, July 29th. Hovde Group boosted their target price on National Bank from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Stephens raised their price target on National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a report on Thursday. StockNews.com lowered National Bank from a "hold" rating to a "sell" rating in a report on Wednesday, July 24th. Finally, Piper Sandler raised their target price on National Bank from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, National Bank presently has a consensus rating of "Hold" and an average target price of $49.00.

National Bank Stock Performance

NYSE:NBHC traded down $1.20 during midday trading on Friday, reaching $44.40. The stock had a trading volume of 174,961 shares, compared to its average volume of 201,277. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.68 billion, a P/E ratio of 13.76 and a beta of 0.85. The firm has a fifty day simple moving average of $42.14 and a two-hundred day simple moving average of $39.15. National Bank has a 12-month low of $29.86 and a 12-month high of $46.51.

National Bank (NYSE:NBHC - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 10.06% and a net margin of 20.52%. The company had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. During the same period last year, the business posted $0.94 EPS.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, November 29th. This is a boost from National Bank's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.61%. National Bank's payout ratio is currently 34.67%.

Insiders Place Their Bets

In other news, EVP Christopher S. Randall sold 3,750 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total value of $163,162.50. Following the completion of the transaction, the executive vice president now owns 14,365 shares in the company, valued at $625,021.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Christopher S. Randall sold 3,750 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total transaction of $163,162.50. Following the completion of the transaction, the executive vice president now directly owns 14,365 shares of the company's stock, valued at $625,021.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ralph W. Clermont sold 10,000 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $44.18, for a total value of $441,800.00. Following the completion of the sale, the director now directly owns 66,653 shares in the company, valued at approximately $2,944,729.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,454 shares of company stock worth $3,624,390. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of National Bank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of National Bank by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider's stock worth $156,955,000 after purchasing an additional 25,349 shares during the last quarter. BNP Paribas Financial Markets boosted its position in National Bank by 45.9% during the first quarter. BNP Paribas Financial Markets now owns 18,398 shares of the financial services provider's stock worth $664,000 after acquiring an additional 5,790 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in National Bank by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider's stock valued at $1,193,000 after acquiring an additional 449 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in National Bank by 87.6% in the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider's stock valued at $17,268,000 after acquiring an additional 223,505 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of National Bank by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider's stock worth $269,000 after purchasing an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

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.