National Bank Holdings Corp (NYSE:NBHC) – Investment analysts at DA Davidson cut their Q3 2019 earnings per share (EPS) estimates for National Bank in a research note issued on Wednesday, April 24th. DA Davidson analyst J. Rulis now expects that the financial services provider will earn $0.62 per share for the quarter, down from their previous forecast of $0.63. DA Davidson also issued estimates for National Bank’s Q4 2019 earnings at $0.61 EPS.
Several other equities analysts have also recently weighed in on the stock. Stephens reaffirmed a “hold” rating and set a $35.00 target price on shares of National Bank in a research note on Friday, January 25th. Zacks Investment Research cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. National Bank has a consensus rating of “Hold” and a consensus price target of $39.00.
NBHC opened at $38.15 on Monday. The firm has a market cap of $1.16 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.62 and a beta of 1.01. National Bank has a fifty-two week low of $29.26 and a fifty-two week high of $41.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.91.
National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The company had revenue of $68.22 million during the quarter, compared to analysts’ expectations of $67.99 million. National Bank had a net margin of 24.13% and a return on equity of 10.52%. National Bank’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share.
In other National Bank news, insider Richard U. Jr. Newfield sold 50,000 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $35.98, for a total transaction of $1,799,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick G. Sobers sold 4,825 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $34.30, for a total transaction of $165,497.50. Following the transaction, the executive vice president now owns 13,329 shares of the company’s stock, valued at approximately $457,184.70. The disclosure for this sale can be found here. Insiders have sold 74,898 shares of company stock valued at $2,678,707 in the last quarter. 5.50% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in National Bank by 0.4% during the fourth quarter. BlackRock Inc. now owns 3,978,893 shares of the financial services provider’s stock valued at $122,828,000 after purchasing an additional 15,380 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of National Bank by 3.2% in the 3rd quarter. Vanguard Group Inc now owns 2,707,954 shares of the financial services provider’s stock worth $101,954,000 after acquiring an additional 85,073 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of National Bank by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,707,954 shares of the financial services provider’s stock worth $101,954,000 after acquiring an additional 85,073 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of National Bank by 9.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,051,509 shares of the financial services provider’s stock worth $39,590,000 after acquiring an additional 94,249 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of National Bank by 46.9% in the 4th quarter. Millennium Management LLC now owns 470,280 shares of the financial services provider’s stock worth $14,518,000 after acquiring an additional 150,170 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.
About National Bank
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.