National Bank (NYSE:NBHC) Posts Quarterly Earnings Results, Beats Expectations 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 the consensus estimate of $0.79 by $0.03, Briefing.com reports. National Bank had a net margin of 22.94% and a return on equity of 11.34%. The company had revenue of $149.43 million during the quarter, compared to analysts’ expectations of $101.98 million. During the same period in the previous year, the company earned $1.06 EPS.

National Bank Stock Performance

Shares of NYSE:NBHC traded down $0.15 during trading hours on Friday, hitting $33.50. The stock had a trading volume of 148,331 shares, compared to its average volume of 166,293. The stock’s fifty day simple moving average is $34.16 and its 200 day simple moving average is $34.07. National Bank has a 1-year low of $26.48 and a 1-year high of $38.71. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.54 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 0.95.

Analysts Set New Price Targets

NBHC has been the subject of a number of research reports. StockNews.com raised shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, April 20th. TheStreet cut shares of National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th. Piper Sandler upped their price objective on shares of National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Finally, 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 report on Friday. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, National Bank presently has an average rating of “Hold” and an average price target 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.