National Bank (NYSE:NBHC) Announces Quarterly Earnings Results

National Bank (NYSE:NBHC) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07, Zacks reports. National Bank had a net margin of 20.52% and a return on equity of 9.93%.

National Bank Stock Down 1.0 %

Shares of NBHC opened at $43.63 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $1.66 billion, a P/E ratio of 13.51 and a beta of 0.86. The business’s 50 day simple moving average is $45.35 and its 200-day simple moving average is $43.57. National Bank has a one year low of $32.13 and a one year high of $51.76.

Insider Transactions at National Bank

In other news, insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $49.62, for a total transaction of $63,265.50. Following the sale, the insider now directly owns 10,652 shares of the company’s stock, valued at $528,552.24. This represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the sale, the insider now directly owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. This represents a 11.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,431 shares of company stock worth $1,067,505. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

NBHC has been the subject of a number of research reports. DA Davidson raised their price objective on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Piper Sandler lifted their price target on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a research report on Monday, November 18th. Keefe, Bruyette & Woods increased their target price on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens boosted their price target on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, National Bank has an average rating of “Hold” and an average target price of $51.40.

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.