National Bank Holdings Corp (NBHC) Expected to Post Earnings of $0.62 Per Share

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Equities analysts expect National Bank Holdings Corp (NYSE:NBHC) to announce $0.62 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for National Bank’s earnings. National Bank reported earnings of $0.57 per share in the same quarter last year, which would indicate a positive year over year growth rate of 8.8%. The firm is expected to announce its next quarterly earnings results on Tuesday, July 23rd.

On average, analysts expect that National Bank will report full year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.45. For the next year, analysts forecast that the company will post earnings of $2.51 per share, with EPS estimates ranging from $2.37 to $2.65. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow National Bank.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. The business had revenue of $68.22 million during the quarter, compared to analysts’ expectations of $67.99 million. National Bank had a return on equity of 10.52% and a net margin of 24.13%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share.

A number of analysts have recently commented on NBHC shares. Stephens restated a “hold” rating and issued a $35.00 price objective on shares of National Bank in a research report on Friday, January 25th. Zacks Investment Research upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Five research analysts have rated the stock with a hold rating, National Bank presently has a consensus rating of “Hold” and a consensus price target of $39.00.

Shares of National Bank stock traded up $0.30 on Friday, reaching $36.91. The company’s stock had a trading volume of 1,474 shares, compared to its average volume of 135,010. The stock has a market capitalization of $1.13 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. National Bank has a 52-week low of $29.26 and a 52-week high of $41.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.90.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.06%. This is a boost from National Bank’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, May 30th. National Bank’s payout ratio is presently 31.48%.

In related news, insider Richard U. Jr. Newfield sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $35.98, for a total transaction of $1,799,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Burney S. Warren III sold 19,233 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $35.63, for a total value of $685,271.79. Following the sale, the director now owns 41,182 shares of the company’s stock, valued at $1,467,314.66. The disclosure for this sale can be found here. Insiders have sold 74,898 shares of company stock valued at $2,678,707 over the last quarter. 5.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of NBHC. Bank of New York Mellon Corp increased its position in shares of National Bank by 9.8% during the third quarter. Bank of New York Mellon Corp now owns 1,051,509 shares of the financial services provider’s stock worth $39,590,000 after purchasing an additional 94,249 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in National Bank by 57.5% during the third quarter. MetLife Investment Advisors LLC now owns 20,306 shares of the financial services provider’s stock worth $765,000 after buying an additional 7,417 shares during the last quarter. Teachers Advisors LLC boosted its stake in National Bank by 10.5% during the third quarter. Teachers Advisors LLC now owns 150,536 shares of the financial services provider’s stock worth $5,668,000 after buying an additional 14,244 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in National Bank by 1.0% during the third quarter. TIAA CREF Investment Management LLC now owns 282,339 shares of the financial services provider’s stock worth $10,630,000 after buying an additional 2,725 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in National Bank by 3.6% during the third quarter. Legal & General Group Plc now owns 55,556 shares of the financial services provider’s stock worth $2,086,000 after buying an additional 1,906 shares during the last quarter. Hedge funds and other institutional investors own 91.39% 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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