National Bank (NYSE:NBHC) Posts Earnings Results, Beats Estimates By $0.03 EPS

National Bank (NYSE:NBHC) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03, Briefing.com reports. The company had revenue of $149.43 million for the quarter, compared to the consensus estimate of $101.98 million. National Bank had a return on equity of 11.34% and a net margin of 22.94%. During the same period in the previous year, the business earned $1.06 EPS.

National Bank Stock Down 1.7 %

Shares of National Bank stock traded down $0.57 on Friday, hitting $33.08. The company had a trading volume of 21,607 shares, compared to its average volume of 164,654. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 9.54 and a beta of 0.84. National Bank has a 1 year low of $26.48 and a 1 year high of $38.71. The stock has a 50 day moving average of $34.16 and a 200-day moving average of $34.07. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 0.95.

Wall Street Analysts Forecast Growth

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