National Bank (NYSE:NBHC) Announces Earnings Results, Beats Estimates By $0.10 EPS

National Bank (NYSE:NBHC - Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.10, Briefing.com reports. The business had revenue of $156.39 million for the quarter, compared to analysts' expectations of $102.32 million. National Bank had a net margin of 21.40% and a return on equity of 10.44%. During the same period last year, the business earned $0.94 earnings per share.

National Bank Trading Up 7.6 %

Shares of NBHC stock traded up $3.18 during trading hours on Wednesday, reaching $45.05. The company's stock had a trading volume of 473,783 shares, compared to its average volume of 200,873. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.70 billion, a P/E ratio of 12.95 and a beta of 0.85. The firm's fifty day simple moving average is $42.04 and its 200 day simple moving average is $39.10. National Bank has a one year low of $28.38 and a one year high of $46.51.

National Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.49%. The ex-dividend date was Friday, August 30th. National Bank's dividend payout ratio (DPR) is currently 32.18%.

Wall Street Analyst Weigh In

Several research firms recently commented on NBHC. Keefe, Bruyette & Woods lifted their target price on shares of National Bank from $39.00 to $45.00 and gave the stock a "market perform" rating in a research report on Monday, July 29th. DA Davidson lifted their price objective on National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, July 2nd. Stephens increased their target price on National Bank from $38.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, July 25th. Hovde Group raised their price target on National Bank from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Finally, StockNews.com downgraded National Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $46.40.

Insider Buying and Selling

In other news, Director Art Zeile sold 3,875 shares of National Bank stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total transaction of $159,921.25. Following the sale, the director now owns 16,202 shares of the company's stock, valued at approximately $668,656.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Ralph W. Clermont sold 10,000 shares of the company's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $44.18, for a total value of $441,800.00. Following the sale, the director now directly owns 66,653 shares of the company's stock, valued at $2,944,729.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Art Zeile sold 3,875 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $41.27, for a total value of $159,921.25. Following the completion of the transaction, the director now owns 16,202 shares of the company's stock, valued at approximately $668,656.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,192 shares of company stock valued at $4,431,998 over the last quarter. 3.10% of the stock is owned by company insiders.

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.