National Bank (NYSE:NBHC) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

National Bank (NYSE:NBHC) released its quarterly earnings data on Tuesday. The financial services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06), Briefing.com reports. The business had revenue of $99.31 million during the quarter, compared to analysts’ expectations of $102.96 million. National Bank had a net margin of 21.40% and a return on equity of 10.54%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share.

National Bank Price Performance

NBHC stock traded down $0.16 during midday trading on Thursday, reaching $43.12. The company had a trading volume of 84,314 shares, compared to its average volume of 198,238. The company has a market capitalization of $1.63 billion, a P/E ratio of 12.44 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.91. National Bank has a 1 year low of $28.38 and a 1 year high of $46.51. The firm has a 50-day moving average price of $38.51 and a 200-day moving average price of $35.89.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.28 dividend. This is an increase from National Bank’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Friday, May 31st. National Bank’s dividend payout ratio (DPR) is currently 32.18%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NBHC shares. DA Davidson boosted their price objective on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Piper Sandler lowered National Bank from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $42.00 to $46.00 in a report on Thursday. Hovde Group lowered their price target on shares of National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a report on Monday, April 29th. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $39.00 target price (down from $40.00) on shares of National Bank in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, National Bank presently has an average rating of “Hold” and an average target price of $40.90.

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.