DA Davidson Brokers Cut Earnings Estimates for National Bank

National Bank Holdings Co. (NYSE:NBHC - Free Report) - Research analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for National Bank in a report issued on Thursday, April 24th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $3.20 per share for the year, down from their prior forecast of $3.35. DA Davidson has a "Buy" rating and a $42.00 price objective on the stock. The consensus estimate for National Bank's current full-year earnings is $3.31 per share.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13). National Bank had a return on equity of 9.76% and a net margin of 19.82%. The firm had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. During the same quarter in the prior year, the company posted $0.82 EPS.

A number of other analysts have also recently weighed in on the stock. StockNews.com cut shares of National Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd. Hovde Group cut their target price on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $46.00.

National Bank Stock Performance

Shares of NBHC stock traded down $0.24 during trading on Monday, reaching $36.20. The company had a trading volume of 218,951 shares, compared to its average volume of 231,321. The firm's 50 day simple moving average is $37.83 and its two-hundred day simple moving average is $42.41. National Bank has a one year low of $32.69 and a one year high of $51.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. The company has a market capitalization of $1.38 billion, a PE ratio of 11.72 and a beta of 0.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP increased its position in National Bank by 503.1% in the 4th quarter. Quarry LP now owns 971 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 810 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of National Bank by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 1,052 shares in the last quarter. KBC Group NV raised its position in National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock worth $103,000 after purchasing an additional 1,080 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in National Bank during the 4th quarter worth $174,000. Finally, Handelsbanken Fonder AB bought a new position in National Bank in the 4th quarter valued at $224,000. 92.65% of the stock is owned by institutional investors and hedge funds.

About National Bank

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.