National Bank (NBHC) Expected to Announce Earnings on Wednesday

National Bank (NYSE:NBHC) will likely be posting its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect National Bank to post earnings of $0.79 per share and revenue of $107,377.75 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The firm had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. During the same period in the previous year, the company posted $0.94 earnings per share. On average, analysts expect National Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

National Bank Stock Up 1.1 %

NYSE NBHC opened at $44.15 on Monday. The business’s fifty day simple moving average is $45.57 and its 200-day simple moving average is $43.49. National Bank has a 52 week low of $32.13 and a 52 week high of $51.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.68 billion, a PE ratio of 13.67 and a beta of 0.86.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.63%. This is a boost from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio (DPR) is presently 35.91%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Piper Sandler upped their price objective on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Hovde Group cut shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a report on Monday, November 18th. DA Davidson increased their price objective on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price target on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens raised their target price on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.40.

Insider Buying and Selling at National Bank

In related news, insider Richard U. Jr. Newfield sold 19,259 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the sale, the insider now owns 143,210 shares of the company’s stock, valued at $7,133,290.10. This represents a 11.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Valerie D. Kramer sold 897 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the completion of the sale, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. This represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,431 shares of company stock worth $1,067,505 over the last 90 days. Insiders own 3.30% of the company’s stock.

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.