National Bank (NYSE:NBHC) released its earnings results on Wednesday. The financial services provider reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.22, MarketWatch Earnings reports. National Bank had a return on equity of 10.63% and a net margin of 23.03%.
Shares of NYSE:NBHC opened at $36.00 on Friday. The company has a market cap of $1.10 billion, a P/E ratio of 13.90 and a beta of 1.05. National Bank has a 1 year low of $20.25 and a 1 year high of $36.62. The stock’s fifty day moving average price is $33.92 and its 200-day moving average price is $30.23.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 15th. Stockholders of record on Friday, February 26th will be issued a dividend of $0.21 per share. This is an increase from National Bank’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, February 25th. National Bank’s dividend payout ratio is presently 31.37%.
Several research firms have commented on NBHC. Zacks Investment Research downgraded National Bank from a “buy” rating to a “hold” rating in a report on Thursday, December 24th. Piper Sandler dropped their target price on National Bank from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. TheStreet raised National Bank from a “c+” rating to a “b” rating in a report on Friday, October 16th. Finally, DA Davidson downgraded National Bank from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Friday, November 20th.
In other news, Director Maria F. Spring sold 1,279 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $31.49, for a total transaction of $40,275.71. Following the transaction, the director now directly owns 32,473 shares of the company’s stock, valued at $1,022,574.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christopher S. Randall sold 8,900 shares of the company’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $32.66, for a total value of $290,674.00. Following the transaction, the executive vice president now directly owns 4,827 shares in the company, valued at $157,649.82. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company’s stock.
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. 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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