National Bank (NYSE:NBHC) Posts Quarterly Earnings Results, Misses Expectations By $0.73 EPS

Key Points

• National Bank significantly missed earnings expectations: Quarterly EPS was $0.06 versus the $0.79 consensus estimate, while revenue of $126.44 million also fell short of analysts’ $134.81 million forecast.
• Shares declined 0.2% to $38.99 following the results. The company reported a 15.11% net margin and 8.35% return on equity.
• National Bank maintained its quarterly dividend at $0.32 per share, equal to an annualized $1.28 payout and a 3.3% yield. Analysts’ consensus rating was “Hold,” with an average price target of $44.67.

National Bank (NYSE:NBHC - Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.73), FiscalAI reports. The company had revenue of $126.44 million during the quarter, compared to analysts' expectations of $134.81 million. National Bank had a net margin of 15.11% and a return on equity of 8.35%.

National Bank Trading Down 0.2%

NYSE NBHC traded down $0.06 during trading hours on Tuesday, hitting $38.99. 402,289 shares of the company's stock were exchanged, compared to its average volume of 455,887. The business's 50 day moving average is $40.08 and its 200-day moving average is $41.36. National Bank has a 12-month low of $35.06 and a 12-month high of $47.28. The firm has a market capitalization of $1.74 billion, a P/E ratio of 16.38 and a beta of 0.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.97.

National Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 28th. National Bank's dividend payout ratio is presently 53.78%.

Wall Street Analyst Weigh In

NBHC has been the subject of several analyst reports. Stephens downgraded shares of National Bank from an "overweight" rating to an "equal weight" rating and set a $46.00 target price for the company. in a research note on Thursday, August 6th. Piper Sandler decreased their price target on shares of National Bank from $49.00 to $45.00 and set an "overweight" rating on the stock in a research note on Thursday, October 15th. DA Davidson lowered their price target on shares of National Bank from $45.00 to $43.00 and set a "buy" rating for the company in a report on Monday, October 5th. Zacks Research upgraded shares of National Bank from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th. Finally, Weiss Ratings lowered shares of National Bank from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, October 19th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $44.67.

About National Bank

National Bank Holdings Corporation NYSE: NBHC is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.