National Bank (NYSE:NBHC) Announces Earnings Results

National Bank (NYSE:NBHC – Get Rating) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11, Briefing.com reports. National Bank had a return on equity of 10.37% and a net margin of 24.97%. The business had revenue of $110.66 million during the quarter, compared to analysts’ expectations of $108.16 million. During the same quarter last year, the business posted $0.75 EPS. The business’s quarterly revenue was up 49.5% compared to the same quarter last year.

National Bank Stock Down 1.5 %

NBHC stock traded down $0.64 during midday trading on Wednesday, reaching $41.60. 5,730 shares of the company were exchanged, compared to its average volume of 249,121. The stock’s 50-day simple moving average is $43.85 and its 200 day simple moving average is $41.96. National Bank has a 1-year low of $36.04 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 16.83 and a beta of 0.95.

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Friday, February 24th will be paid a $0.25 dividend. The ex-dividend date is Thursday, February 23rd. This represents a $1.00 annualized dividend and a yield of 2.40%. National Bank’s dividend payout ratio is currently 39.84%.

Analyst Ratings Changes

NBHC has been the subject of a number of recent research reports. DA Davidson lifted their price target on shares of National Bank to $50.00 in a research note on Tuesday, November 1st. Stephens lifted their price objective on shares of National Bank from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, October 31st. Finally, StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Friday, December 16th.

Insider Activity

In related news, CEO G. Timothy Laney sold 10,000 shares of National Bank stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $42.89, for a total transaction of $428,900.00. Following the sale, the chief executive officer now directly owns 225,023 shares in the company, valued at approximately $9,651,236.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 30,000 shares of company stock worth $1,337,900. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors L.P. lifted its stake in National Bank by 5.2% in the first quarter. Natixis Advisors L.P. now owns 15,882 shares of the financial services provider’s stock valued at $640,000 after buying an additional 791 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in National Bank by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 276,288 shares of the financial services provider’s stock valued at $11,130,000 after purchasing an additional 855 shares during the last quarter. Bank of Montreal Can boosted its stake in National Bank by 4.8% during the 1st quarter. Bank of Montreal Can now owns 20,429 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 943 shares during the period. Captrust Financial Advisors grew its position in National Bank by 145.4% during the 1st quarter. Captrust Financial Advisors now owns 1,698 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in National Bank by 5.3% in the third quarter. Thrivent Financial for Lutherans now owns 31,092 shares of the financial services provider’s stock valued at $1,150,000 after purchasing an additional 1,570 shares during the period. Hedge funds and other institutional investors own 78.50% of the company’s stock.

About National Bank

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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.