National Bank (NYSE:NBHC – Get Free Report) released its quarterly earnings data on Tuesday. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03), FiscalAI reports. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The business had revenue of $129.06 million during the quarter, compared to analyst estimates of $135.08 million. During the same period in the previous year, the business earned $0.88 earnings per share.
National Bank Price Performance
Shares of NYSE:NBHC opened at $45.61 on Wednesday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 17.02 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $43.23 and a 200 day simple moving average of $41.54. National Bank has a one year low of $35.06 and a one year high of $47.28.
National Bank Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, May 29th. National Bank’s dividend payout ratio is currently 47.76%.
Wall Street Analyst Weigh In
View Our Latest Research Report on NBHC
Institutional Trading of National Bank
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in shares of National Bank in the 4th quarter valued at $48,000. State of Wyoming bought a new stake in National Bank during the 4th quarter worth $69,000. Quarry LP increased its holdings in National Bank by 50.8% in the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 613 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in National Bank by 131.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 1,927 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in National Bank in the fourth quarter valued at about $168,000. Institutional investors own 92.65% of the company’s stock.
National Bank Company Profile
National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.
Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.
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