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

National Bank (NYSE:NBHC) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.82 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 analyst estimates 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 last year, the company earned $1.06 earnings per share.

National Bank Price Performance

NBHC stock traded down $0.57 during trading on Friday, hitting $33.08. The company had a trading volume of 21,607 shares, compared to its average volume of 164,654. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33. The company has a market cap of $1.25 billion, a P/E ratio of 9.54 and a beta of 0.84. The company has a fifty day moving average price of $34.16 and a two-hundred day moving average price of $34.07. National Bank has a fifty-two week low of $26.48 and a fifty-two week high of $38.71.

Wall Street Analysts Forecast Growth

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

National Bank Company Profile

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.