National Bank (NYSE:NBHC) Issues Quarterly Earnings Results, Misses Expectations By $0.73 EPS

National Bank (NYSE:NBHC – Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.73), FiscalAI reports. National Bank had a net margin of 15.11% and a return on equity of 8.35%. The business had revenue of $126.44 million for the quarter, compared to the consensus estimate of $134.81 million. During the same period in the prior year, the business posted $0.92 EPS.

National Bank Stock Down 4.0%

NBHC opened at $37.43 on Thursday. The company has a market cap of $1.67 billion, a P/E ratio of 15.73 and a beta of 0.84. The business’s 50-day moving average price is $39.88 and its 200-day moving average price is $41.34. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. National Bank has a 12 month low of $35.06 and a 12 month high of $47.28.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 28th. National Bank’s dividend payout ratio (DPR) is 53.78%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. DA Davidson dropped their price target on National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Stephens cut National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a report on Thursday, August 6th. Piper Sandler decreased their price objective on National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings lowered National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 19th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.67.

Read Our Latest Stock Report on National Bank

National Bank Company Profile

(Get Free Report)

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.

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Earnings History for National Bank (NYSE:NBHC)

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