Brokerages Expect National Bank Holdings Corp (NBHC) Will Announce Earnings of $0.57 Per Share

Equities analysts forecast that National Bank Holdings Corp (NYSE:NBHC) will post $0.57 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for National Bank’s earnings, with estimates ranging from $0.56 to $0.57. National Bank posted earnings of $0.36 per share during the same quarter last year, which suggests a positive year over year growth rate of 58.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 24th.

On average, analysts expect that National Bank will report full year earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.18. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.32 per share, with EPS estimates ranging from $2.26 to $2.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover National Bank.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, October 23rd. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The company had revenue of $68.96 million for the quarter, compared to analyst estimates of $70.79 million. National Bank had a net margin of 12.64% and a return on equity of 9.62%. The business’s revenue was up 40.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday. Piper Jaffray Companies boosted their target price on shares of National Bank from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Stephens set a $41.00 price objective on shares of National Bank and gave the stock a “hold” rating in a research report on Tuesday, October 23rd. Finally, Hovde Group set a $40.00 price objective on shares of National Bank and gave the stock a “hold” rating in a research report on Monday, July 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.17.

Shares of NYSE NBHC traded up $0.58 during trading on Thursday, hitting $35.48. 95,620 shares of the company were exchanged, compared to its average volume of 166,052. The firm has a market capitalization of $1.06 billion, a P/E ratio of 28.16, a PEG ratio of 1.60 and a beta of 0.88. National Bank has a 1 year low of $30.33 and a 1 year high of $41.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.85 and a current ratio of 0.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.17 dividend. The ex-dividend date is Thursday, November 29th. This is a positive change from National Bank’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 1.92%. National Bank’s payout ratio is currently 44.44%.

In other National Bank news, Director Maria F. Spring sold 9,216 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $40.49, for a total value of $373,155.84. Following the transaction, the director now directly owns 29,649 shares in the company, valued at approximately $1,200,488.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Zsolt K. Bessko sold 5,805 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $40.40, for a total transaction of $234,522.00. Following the completion of the transaction, the insider now owns 33,870 shares in the company, valued at $1,368,348. The disclosure for this sale can be found here. Insiders sold a total of 21,225 shares of company stock worth $855,558 over the last quarter. Insiders own 7.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas purchased a new position in National Bank in the 2nd quarter valued at about $202,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in National Bank in the 2nd quarter valued at about $222,000. UBS Group AG increased its stake in shares of National Bank by 60.8% during the 1st quarter. UBS Group AG now owns 5,863 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 2,216 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in National Bank during the 2nd quarter worth approximately $245,000. Finally, Convergence Investment Partners LLC acquired a new stake in National Bank during the 2nd quarter worth approximately $336,000. Institutional investors own 93.69% of the company’s stock.

About National Bank

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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Earnings History and Estimates for National Bank (NYSE:NBHC)

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