FY2024 EPS Estimates for National Bank Lifted by DA Davidson

National Bank Holdings Co. (NYSE:NBHC - Free Report) - Analysts at DA Davidson upped their FY2024 earnings estimates for National Bank in a research report issued on Thursday, October 24th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $3.20 per share for the year, up from their prior estimate of $3.15. 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 $3.13 per share. DA Davidson also issued estimates for National Bank's FY2025 earnings at $3.45 EPS.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.10. The business had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same quarter in the previous year, the firm earned $0.94 earnings per share.

NBHC has been the subject of a number of other research reports. Hovde Group lifted their price target on shares of National Bank from $50.00 to $51.00 and gave the stock an "outperform" rating in a research note on Monday. StockNews.com lowered shares of National Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their target price on shares of National Bank from $39.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, July 29th. Piper Sandler boosted their target price on shares of National Bank from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Stephens boosted their target price on shares of National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $49.20.

National Bank Stock Up 2.5 %

Shares of NYSE:NBHC traded up $1.10 during midday trading on Monday, reaching $45.50. The company had a trading volume of 181,450 shares, compared to its average volume of 177,289. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. The stock's fifty day moving average price is $42.20 and its 200-day moving average price is $39.28. The stock has a market capitalization of $1.73 billion, a P/E ratio of 14.09 and a beta of 0.85. National Bank has a one year low of $30.34 and a one year high of $46.51.

Institutional Investors Weigh In On National Bank

Several institutional investors have recently bought and sold shares of NBHC. Victory Capital Management Inc. lifted its holdings in National Bank by 12,407.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider's stock valued at $71,263,000 after acquiring an additional 1,810,321 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in National Bank by 194.7% in the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider's stock valued at $22,563,000 after acquiring an additional 381,754 shares during the last quarter. American Century Companies Inc. lifted its holdings in National Bank by 154.8% in the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider's stock valued at $14,758,000 after acquiring an additional 229,630 shares during the last quarter. Russell Investments Group Ltd. lifted 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, Boston Partners lifted its holdings in National Bank by 743.6% in the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider's stock valued at $7,211,000 after acquiring an additional 176,375 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

Insider Transactions at National Bank

In other news, EVP Christopher S. Randall sold 3,750 shares of the company's stock in a transaction dated 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 owns 14,365 shares in the company, valued at approximately $625,021.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Valerie D. Kramer sold 725 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the sale, the insider now owns 10,398 shares of the company's stock, valued at $417,687.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher S. Randall sold 3,750 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total transaction of $163,162.50. Following the completion of the sale, the executive vice president now directly owns 14,365 shares of the company's stock, valued at $625,021.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,691 shares of company stock worth $1,502,496. Insiders own 3.30% of the company's stock.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 2.55%. This is a positive change from National Bank's previous quarterly dividend of $0.28. National Bank's dividend payout ratio is currently 34.67%.

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.