National Bank (NBHC) to Release Quarterly Earnings on Wednesday

National Bank (NYSE:NBHC - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.03. National Bank had a return on equity of 12.20% and a net margin of 25.40%. The business had revenue of $107.23 million during the quarter, compared to analysts' expectations of $103.96 million. During the same period in the prior year, the business posted $0.91 EPS. The company's revenue was down 3.1% compared to the same quarter last year. On average, analysts expect National Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

National Bank Trading Down 3.0 %

National Bank stock traded down $1.01 during midday trading on Tuesday, reaching $32.29. 180,415 shares of the stock traded hands, compared to its average volume of 167,567. The company has a 50-day simple moving average of $34.24 and a two-hundred day simple moving average of $33.93. National Bank has a 12-month low of $26.48 and a 12-month high of $38.71. The firm has a market cap of $1.22 billion, a PE ratio of 8.71 and a beta of 0.84. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, February 22nd. National Bank's dividend payout ratio (DPR) is 29.03%.

Institutional Investors Weigh In On National Bank

Several institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its stake in shares of National Bank by 13.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,054,198 shares of the financial services provider's stock worth $128,491,000 after purchasing an additional 350,353 shares in the last quarter. State Street Corp grew its stake in shares of National Bank by 18.0% during the first quarter. State Street Corp now owns 1,652,997 shares of the financial services provider's stock worth $55,309,000 after purchasing an additional 251,747 shares in the last quarter. Invesco Ltd. grew its stake in shares of National Bank by 239.2% during the first quarter. Invesco Ltd. now owns 257,116 shares of the financial services provider's stock worth $10,357,000 after purchasing an additional 181,325 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of National Bank by 16.4% during the first quarter. Segall Bryant & Hamill LLC now owns 1,075,554 shares of the financial services provider's stock worth $35,988,000 after purchasing an additional 151,874 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in National Bank by 969.8% in the fourth quarter. Deutsche Bank AG now owns 139,807 shares of the financial services provider's stock valued at $5,882,000 after acquiring an additional 126,738 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on NBHC. TheStreet cut National Bank from a "b" rating to a "c+" rating in a report on Monday, March 18th. StockNews.com cut National Bank from a "hold" rating to a "sell" rating in a report on Friday. Finally, Piper Sandler raised their target price on National Bank from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Thursday, January 25th.

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.