DA Davidson Predicts National Bank’s Q4 Earnings (NYSE:NBHC)

National Bank Holdings Co. (NYSE:NBHC) – Stock analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of National Bank in a research note issued on Thursday, October 24th. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings of $0.84 per share for the quarter. DA Davidson has a “Buy” rating and a $53.00 price objective on the stock. The consensus estimate for National Bank’s current full-year earnings is $3.03 per share.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. National Bank had a return on equity of 10.06% and a net margin of 20.52%. The company had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. During the same quarter last year, the business posted $0.94 earnings per share.

NBHC has been the topic of several other reports. Hovde Group lifted their price objective on National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Piper Sandler boosted their price objective on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday. Stephens lifted their target price on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday. Keefe, Bruyette & Woods lifted their target price on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Finally, StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, National Bank currently has a consensus rating of “Hold” and a consensus target price of $49.00.

National Bank Stock Down 2.6 %

NYSE NBHC opened at $44.40 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $1.68 billion, a PE ratio of 13.75 and a beta of 0.85. National Bank has a 1 year low of $29.86 and a 1 year high of $46.51. The business’s 50-day moving average is $42.20 and its 200 day moving average is $39.21.

Institutional Trading of National Bank

Several hedge funds have recently bought and sold shares of NBHC. Innealta Capital LLC purchased a new stake in National Bank in the 2nd quarter worth $41,000. Meeder Asset Management Inc. purchased a new stake in National Bank in the 2nd quarter worth $52,000. Choreo LLC purchased a new stake in National Bank in the 2nd quarter worth $209,000. ProShare Advisors LLC lifted its stake in National Bank by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 513 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in National Bank in the 2nd quarter worth $319,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Insider Activity

In related news, insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the transaction, the insider now owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Ralph W. Clermont sold 10,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $44.18, for a total value of $441,800.00. Following the completion of the transaction, the director now owns 66,653 shares of the company’s stock, valued at approximately $2,944,729.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the transaction, the insider now directly owns 10,398 shares of the company’s stock, valued at $417,687.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,454 shares of company stock valued at $3,624,390 in the last 90 days. Company insiders own 3.10% of the company’s stock.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.29 per share. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.61%. National Bank’s payout ratio is presently 34.67%.

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.