National Bank (NBHC) Expected to Announce Earnings on Wednesday

National Bank (NYSE:NBHC) will likely be announcing its earnings results after the market closes on Wednesday, January 22nd. Analysts expect the company to announce 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 posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $0.94 EPS. 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 Trading Up 1.1 %

Shares of NYSE:NBHC opened at $44.15 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $1.68 billion, a P/E ratio of 13.67 and a beta of 0.86. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76. The company has a 50-day simple moving average of $45.57 and a 200 day simple moving average of $43.49.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.29 dividend. The ex-dividend date was Friday, November 29th. This is an increase from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.63%. National Bank’s payout ratio is 35.91%.

Wall Street Analysts Forecast Growth

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

Insider Activity at National Bank

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

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.