National Bank (NYSE:NBHC) Releases Quarterly Earnings Results

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

National Bank Price Performance

Shares of NYSE NBHC traded down $0.15 during midday trading on Friday, reaching $33.50. The company’s stock had a trading volume of 148,331 shares, compared to its average volume of 134,310. The company has a market cap of $1.27 billion, a P/E ratio of 9.63 and a beta of 0.84. National Bank has a fifty-two week low of $26.48 and a fifty-two week high of $38.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.91. The business’s 50 day moving average price is $34.14 and its two-hundred day moving average price is $34.09.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NBHC. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $39.00 price target (down from $40.00) on shares of National Bank in a report on Friday. Piper Sandler increased their target price on National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. Finally, StockNews.com upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, April 20th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.