National Bank (NYSE:NBHC) Announces Quarterly Earnings Results

National Bank (NYSE:NBHC) posted its earnings results on Wednesday. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.66 by $0.22, MarketWatch Earnings reports. National Bank had a net margin of 23.03% and a return on equity of 10.63%.

Shares of NYSE:NBHC opened at $36.00 on Friday. The company has a 50 day moving average of $33.92 and a 200-day moving average of $30.23. The firm has a market cap of $1.10 billion, a P/E ratio of 13.90 and a beta of 1.05. National Bank has a twelve month low of $20.25 and a twelve month high of $36.62.

Several research analysts have commented on NBHC shares. TheStreet upgraded shares of National Bank from a “c+” rating to a “b” rating in a research report on Friday, October 16th. Zacks Investment Research cut shares of National Bank from a “buy” rating to a “hold” rating in a research report on Thursday, December 24th. DA Davidson cut shares of National Bank from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research report on Friday, November 20th. Finally, Piper Sandler decreased their target price on shares of National Bank from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st.

In other news, EVP Christopher S. Randall sold 8,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $32.66, for a total value of $290,674.00. Following the completion of the sale, the executive vice president now directly owns 4,827 shares of the company’s stock, valued at approximately $157,649.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maria F. Spring sold 1,279 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $31.49, for a total transaction of $40,275.71. Following the completion of the sale, the director now directly owns 32,473 shares of the company’s stock, valued at $1,022,574.77. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company’s stock.

About National Bank

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. 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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Earnings History for National Bank (NYSE:NBHC)

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