National Bank (NYSE:NBHC) Announces Earnings Results

National Bank (NYSE:NBHC) issued its earnings results on Wednesday. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03, Briefing.com reports. National Bank had a net margin of 22.94% and a return on equity of 11.20%. The company had revenue of $149.43 million for the quarter, compared to the consensus estimate of $101.98 million. During the same period in the previous year, the firm earned $1.06 earnings per share.

National Bank Stock Down 0.4 %

Shares of NYSE:NBHC traded down $0.15 during trading on Friday, hitting $33.50. 148,331 shares of the company were exchanged, compared to its average volume of 134,310. The stock has a market capitalization of $1.27 billion, a P/E ratio of 9.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.95. National Bank has a 12-month low of $26.48 and a 12-month high of $38.71. The firm’s 50 day moving average price is $34.14 and its 200-day moving average price is $34.09.

Analysts Set New Price Targets

NBHC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $39.00 target price (down from $40.00) on shares of National Bank in a research note on Friday. Piper Sandler lifted their target price on shares of National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. StockNews.com raised shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, April 20th. Finally, TheStreet downgraded shares of National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.00.

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.