Equities analysts expect that National Bank Holdings Corp (NYSE:NBHC) will announce $66.82 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for National Bank’s earnings, with the highest sales estimate coming in at $69.05 million and the lowest estimate coming in at $64.60 million. National Bank posted sales of $45.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 45.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, January 24th.
According to Zacks, analysts expect that National Bank will report full-year sales of $263.25 million for the current fiscal year, with estimates ranging from $255.20 million to $271.31 million. For the next fiscal year, analysts anticipate that the business will report sales of $281.87 million, with estimates ranging from $274.70 million to $289.04 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover National Bank.
National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. National Bank had a return on equity of 9.62% and a net margin of 12.64%. The company had revenue of $68.96 million for the quarter, compared to analysts’ expectations of $70.79 million. During the same period last year, the firm posted $0.26 earnings per share. National Bank’s revenue was up 40.8% compared to the same quarter last year.
NBHC has been the topic of several recent analyst reports. Zacks Investment Research raised National Bank from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Saturday, November 17th. Stephens set a $41.00 target price on National Bank and gave the stock a “hold” rating in a research report on Tuesday, October 23rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. National Bank has a consensus rating of “Hold” and an average price target of $39.33.
Shares of National Bank stock traded down $0.20 during trading on Monday, hitting $35.06. 114,113 shares of the company’s stock traded hands, compared to its average volume of 103,355. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.87 and a quick ratio of 0.85. National Bank has a 1 year low of $30.98 and a 1 year high of $41.44. The stock has a market capitalization of $1.08 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 1.63 and a beta of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.94%. This is a boost from National Bank’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, November 29th. National Bank’s dividend payout ratio (DPR) is presently 53.97%.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in National Bank by 14.2% in the second quarter. BlackRock Inc. now owns 3,977,199 shares of the financial services provider’s stock worth $153,480,000 after purchasing an additional 494,832 shares during the last quarter. Vanguard Group Inc. boosted its position in National Bank by 3.2% in the third quarter. Vanguard Group Inc. now owns 2,707,954 shares of the financial services provider’s stock worth $101,954,000 after purchasing an additional 85,073 shares during the last quarter. Renaissance Technologies LLC boosted its position in National Bank by 0.3% in the second quarter. Renaissance Technologies LLC now owns 1,421,400 shares of the financial services provider’s stock worth $54,852,000 after purchasing an additional 4,300 shares during the last quarter. Bank of New York Mellon Corp boosted its position in National Bank by 9.8% in the third quarter. Bank of New York Mellon Corp now owns 1,051,509 shares of the financial services provider’s stock worth $39,590,000 after purchasing an additional 94,249 shares during the last quarter. Finally, Aristotle Capital Boston LLC boosted its position in National Bank by 3.6% in the third quarter. Aristotle Capital Boston LLC now owns 716,575 shares of the financial services provider’s stock worth $26,979,000 after purchasing an additional 24,700 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.
National Bank Company Profile
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
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