National Bank (NYSE:NBHC) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

National Bank (NYSE:NBHC) announced its earnings results on Wednesday. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03, Briefing.com reports. National Bank had a net margin of 22.94% and a return on equity of 11.20%. The firm had revenue of $149.43 million during the quarter, compared to analyst estimates of $101.98 million. During the same quarter in the prior year, the firm posted $1.06 EPS.

National Bank Stock Performance

National Bank stock traded down $0.15 during trading hours on Friday, reaching $33.50. 148,331 shares of the company were exchanged, compared to its average volume of 134,310. National Bank has a 12 month low of $26.48 and a 12 month high of $38.71. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 9.63 and a beta of 0.84. The company has a current ratio of 0.91, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $34.14 and a 200 day moving average of $34.09.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $39.00 price objective (down from $40.00) on shares of National Bank in a report on Friday. StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, April 20th. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. Finally, Piper Sandler lifted their target price on shares of National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.00.

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.