Separately, Zacks Investment Research cut shares of National Bank from a buy rating to a hold rating in a research note on Wednesday, July 31st.
Shares of NYSE NBHC traded up $0.70 during mid-day trading on Thursday, reaching $34.34. The company had a trading volume of 94,681 shares, compared to its average volume of 223,132. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $34.32 and a two-hundred day simple moving average of $35.26. The stock has a market cap of $1.05 billion, a P/E ratio of 14.19 and a beta of 1.07. National Bank has a 52-week low of $29.26 and a 52-week high of $38.92.
National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. The firm had revenue of $73.15 million during the quarter, compared to analysts’ expectations of $72.64 million. National Bank had a net margin of 24.37% and a return on equity of 10.60%. During the same quarter in the prior year, the business earned $0.56 EPS. On average, equities analysts expect that National Bank will post 2.46 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, August 29th. National Bank’s dividend payout ratio (DPR) is 35.19%.
In other National Bank news, Director Maria F. Spring sold 19,333 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $34.00, for a total transaction of $657,322.00. Following the completion of the transaction, the director now directly owns 50,828 shares in the company, valued at approximately $1,728,152. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.50% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its holdings in shares of National Bank by 170.0% during the third quarter. State of Alaska Department of Revenue now owns 23,920 shares of the financial services provider’s stock worth $817,000 after buying an additional 15,062 shares in the last quarter. Boston Partners grew its holdings in shares of National Bank by 4.3% during the second quarter. Boston Partners now owns 424,087 shares of the financial services provider’s stock worth $15,394,000 after buying an additional 17,560 shares in the last quarter. Hillcrest Asset Management LLC grew its holdings in shares of National Bank by 0.6% during the second quarter. Hillcrest Asset Management LLC now owns 294,436 shares of the financial services provider’s stock worth $10,688,000 after buying an additional 1,780 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of National Bank during the second quarter worth about $16,313,000. Finally, Citadel Advisors LLC grew its holdings in shares of National Bank by 102.7% during the second quarter. Citadel Advisors LLC now owns 59,905 shares of the financial services provider’s stock worth $2,175,000 after buying an additional 30,351 shares in the last quarter. Hedge funds and other institutional investors own 94.24% of the company’s stock.
National Bank Company Profile
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
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