National Bank (NYSE:NBHC) Issues Quarterly Earnings Results, Misses Expectations By $0.27 EPS

National Bank (NYSE:NBHC) released its earnings results on Tuesday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27), FiscalAI reports. The business had revenue of $100.64 million during the quarter, compared to analyst estimates of $107.48 million. National Bank had a net margin of 20.50% and a return on equity of 9.56%.

National Bank Price Performance

Shares of NBHC stock traded down $0.40 during mid-day trading on Tuesday, reaching $39.91. The company’s stock had a trading volume of 402,028 shares, compared to its average volume of 389,183. The firm’s 50-day moving average is $39.00 and its two-hundred day moving average is $38.39. The company has a market cap of $1.51 billion, a P/E ratio of 12.63 and a beta of 0.81. National Bank has a 1-year low of $32.83 and a 1-year high of $44.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a $0.31 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from National Bank’s previous quarterly dividend of ($0.30). National Bank’s dividend payout ratio is currently 39.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NBHC shares. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a report on Thursday. Finally, Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective on the stock in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in National Bank by 97.2% in the 1st quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider’s stock valued at $1,007,000 after buying an additional 12,962 shares in the last quarter. Royal Bank of Canada raised its stake in National Bank by 34.3% during the first quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock worth $906,000 after acquiring an additional 6,052 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of National Bank by 48.4% during the third quarter. BNP Paribas Financial Markets now owns 16,540 shares of the financial services provider’s stock valued at $639,000 after acquiring an additional 5,393 shares during the period. Walleye Capital LLC acquired a new stake in shares of National Bank in the 2nd quarter valued at $479,000. Finally, Franklin Resources Inc. grew its holdings in shares of National Bank by 18.0% in the 3rd quarter. Franklin Resources Inc. now owns 12,347 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 1,882 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.