Wall Street brokerages expect National Bank Holdings Corp (NYSE:NBHC) to report earnings of $0.62 per share for the current quarter, Zacks reports. Two analysts have issued estimates for National Bank’s earnings. National Bank reported earnings of $0.57 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The company is expected to announce its next quarterly earnings report on Tuesday, July 23rd.
According to Zacks, analysts expect that National Bank will report full year earnings of $2.42 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.45. For the next year, analysts forecast that the company will post earnings of $2.57 per share, with EPS estimates ranging from $2.50 to $2.65. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover National Bank.
National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $68.22 million for the quarter, compared to analysts’ expectations of $67.99 million. National Bank had a net margin of 24.13% and a return on equity of 10.52%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share.
A number of hedge funds have recently bought and sold shares of the business. Comerica Bank boosted its position in National Bank by 3.0% during the first quarter. Comerica Bank now owns 25,892 shares of the financial services provider’s stock worth $886,000 after purchasing an additional 753 shares during the period. BlackRock Inc. boosted its position in shares of National Bank by 0.4% in the fourth quarter. BlackRock Inc. now owns 3,978,893 shares of the financial services provider’s stock valued at $122,828,000 after acquiring an additional 15,380 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of National Bank by 3.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 272,065 shares of the financial services provider’s stock valued at $8,397,000 after acquiring an additional 9,851 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of National Bank by 7.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 34,855 shares of the financial services provider’s stock valued at $994,000 after acquiring an additional 2,542 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its position in shares of National Bank by 2.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 425,354 shares of the financial services provider’s stock valued at $13,131,000 after acquiring an additional 11,768 shares during the period. 93.75% of the stock is owned by institutional investors.
NBHC stock opened at $35.66 on Wednesday. The company’s fifty day simple moving average is $36.47. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. National Bank has a 1-year low of $29.26 and a 1-year high of $41.44.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, May 30th. This is a positive change from National Bank’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 2.13%. National Bank’s dividend payout ratio is currently 35.19%.
National Bank Company Profile
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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