DA Davidson Forecasts Stronger Earnings for National Bank

National Bank Holdings Co. (NYSE:NBHC) – Equities research analysts at DA Davidson increased their FY2025 earnings estimates for National Bank in a report issued on Friday, January 24th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will earn $3.65 per share for the year, up from their prior estimate of $3.45. DA Davidson has a “Buy” rating and a $53.00 price objective on the stock. The consensus estimate for National Bank’s current full-year earnings is $3.35 per share.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.85%.

Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods lifted their target price 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. Stephens lifted their target price on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a 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 price target on the stock. in a research note on Monday, November 18th. Finally, Piper Sandler lifted their target price on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, National Bank currently has an average rating of “Hold” and an average price target of $51.40.

National Bank Stock Up 0.1 %

Shares of National Bank stock opened at $42.51 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. National Bank has a 1 year low of $32.13 and a 1 year high of $51.76. The firm’s 50-day moving average is $45.01 and its two-hundred day moving average is $43.65. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 13.76 and a beta of 0.86.

Institutional Trading of National Bank

Several hedge funds have recently bought and sold shares of NBHC. Assetmark Inc. bought a new position in National Bank during the third quarter worth $71,000. KBC Group NV grew its holdings in shares of National Bank by 82.5% during the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 1,080 shares during the last quarter. Atria Investments Inc bought a new stake in shares of National Bank during the third quarter worth about $202,000. FMR LLC boosted its holdings in National Bank by 359.7% in the third quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 5,968 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in National Bank by 49.0% in the second quarter. AQR Capital Management LLC now owns 10,378 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 3,415 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $49.62, for a total value of $63,265.50. Following the completion of the transaction, the insider now owns 10,652 shares in the company, valued at approximately $528,552.24. This represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the company’s stock in a transaction dated 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 directly owns 143,210 shares in the company, valued at approximately $7,133,290.10. The trade was a 11.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,431 shares of company stock valued at $1,067,505. Company insiders own 3.10% of the company’s stock.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, February 28th. National Bank’s dividend payout ratio is currently 37.54%.

About National Bank

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.