National Bank (NYSE:NBHC) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

National Bank (NYSE:NBHC - Get Free Report) posted its earnings results on Tuesday. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13), Zacks reports. The business had revenue of $102.07 million for the quarter, compared to the consensus estimate of $107.47 million. National Bank had a return on equity of 9.76% and a net margin of 19.82%. During the same period in the previous year, the firm earned $0.82 earnings per share.

National Bank Stock Performance

National Bank stock traded down $0.11 during trading on Friday, hitting $35.29. The stock had a trading volume of 398,286 shares, compared to its average volume of 231,068. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 11.42 and a beta of 0.77. The stock's 50 day moving average is $38.09 and its two-hundred day moving average is $42.48. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. National Bank has a 1 year low of $32.69 and a 1 year high of $51.76.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NBHC shares. StockNews.com downgraded shares of National Bank from a "hold" rating to a "sell" rating in a report on Wednesday. DA Davidson reduced their price objective on shares of National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Hovde Group decreased their price objective on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, National Bank presently has an average rating of "Hold" and a consensus target price of $46.00.

National Bank Company Profile

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.