National Bank (NYSE:NBHC) Releases Earnings Results, Beats Expectations By $0.06 EPS

National Bank (NYSE:NBHC - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.06, Zacks reports. National Bank had a net margin of 18.75% and a return on equity of 9.02%. The firm had revenue of $104.48 million for the quarter, compared to analysts' expectations of $110.36 million. During the same quarter in the previous year, the business posted $0.68 EPS. The company's quarterly revenue was up 7.0% on a year-over-year basis.

National Bank Stock Performance

NBHC stock opened at $39.37 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The business's fifty day simple moving average is $37.76 and its two-hundred day simple moving average is $38.98. National Bank has a twelve month low of $32.83 and a twelve month high of $51.76. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 13.57 and a beta of 0.77.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.30 dividend. This is a positive change from National Bank's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.05%. National Bank's dividend payout ratio (DPR) is presently 41.38%.

Hedge Funds Weigh In On National Bank

Institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in National Bank by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider's stock valued at $844,000 after purchasing an additional 1,079 shares in the last quarter. Royal Bank of Canada boosted its holdings in National Bank by 34.3% in 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. Intech Investment Management LLC boosted its holdings in National Bank by 26.4% in the first quarter. Intech Investment Management LLC now owns 36,140 shares of the financial services provider's stock worth $1,383,000 after acquiring an additional 7,556 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in National Bank by 11.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,367 shares of the financial services provider's stock worth $3,611,000 after acquiring an additional 9,626 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in National Bank by 97.2% in the first quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider's stock worth $1,007,000 after acquiring an additional 12,962 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

Wall Street Analyst Weigh In

NBHC has been the topic of a number of analyst reports. DA Davidson dropped their price target on shares of National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen lowered National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, Hovde Group reduced their price target 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, National Bank has an average rating of "Hold" and an average target price of $46.00.

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.