National Bank (NYSE:NBHC - Get Free Report) released its quarterly earnings data on Tuesday. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06, Zacks reports. National Bank had a net margin of 20.02% and a return on equity of 9.44%.
National Bank Price Performance
NYSE:NBHC traded up $0.16 during trading hours on Tuesday, hitting $37.04. The stock had a trading volume of 284,270 shares, compared to its average volume of 276,396. National Bank has a one year low of $32.83 and a one year high of $51.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.95 and a beta of 0.75. The company has a 50 day simple moving average of $38.51 and a two-hundred day simple moving average of $37.59.
National Bank Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $-0.30 dividend. This represents a ($1.20) annualized dividend and a yield of -3.2%. The ex-dividend date of this dividend was Friday, August 29th. National Bank's dividend payout ratio (DPR) is presently 38.71%.
Wall Street Analyst Weigh In
Several research analysts recently commented on NBHC shares. Wall Street Zen raised shares of National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. DA Davidson raised their price objective on shares of National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Zacks Research raised shares of National Bank from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. Hovde Group raised shares of National Bank from a "market perform" rating to an "outperform" rating and set a $46.00 price objective for the company in a report on Thursday, September 18th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of National Bank in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.60.
Get Our Latest Analysis on National Bank
Institutional Trading of National Bank
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of National Bank by 131.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider's stock worth $128,000 after acquiring an additional 1,927 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of National Bank by 126.0% during the 2nd quarter. Osaic Holdings Inc. now owns 6,367 shares of the financial services provider's stock worth $239,000 after acquiring an additional 3,550 shares during the last quarter. Jump Financial LLC bought a new stake in shares of National Bank during the 2nd quarter worth $353,000. BNP Paribas Financial Markets lifted its holdings in shares of National Bank by 245.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 11,147 shares of the financial services provider's stock worth $419,000 after acquiring an additional 7,923 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of National Bank during the 2nd quarter worth $479,000. 92.65% of the stock is owned by institutional investors.
About National Bank
(
Get Free Report)
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.
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