FY2024 EPS Estimates for National Bank Increased by Analyst

National Bank Holdings Co. (NYSE:NBHC) – Research analysts at DA Davidson raised their FY2024 EPS estimates for National Bank in a report released on Thursday, October 24th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings per share of $3.20 for the year, up from their previous forecast of $3.15. DA Davidson has a “Buy” rating and a $53.00 price target on the stock. The consensus estimate for National Bank’s current full-year earnings is $3.03 per share. DA Davidson also issued estimates for National Bank’s FY2025 earnings at $3.45 EPS.

A number of other equities analysts also recently issued reports on NBHC. Hovde Group upped their price target on National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Stephens upped their target price on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday. Piper Sandler increased their target price on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Finally, StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $49.00.

National Bank Trading Down 2.6 %

NYSE:NBHC opened at $44.40 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. National Bank has a 1 year low of $29.86 and a 1 year high of $46.51. The stock has a market cap of $1.68 billion, a P/E ratio of 13.75 and a beta of 0.85. The stock has a 50-day simple moving average of $42.20 and a 200-day simple moving average of $39.24.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. The business had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 10.06%. During the same period in the previous year, the company earned $0.94 EPS.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in National Bank by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 300 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of National Bank by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock worth $1,193,000 after purchasing an additional 449 shares during the period. Rhumbline Advisers increased its holdings in shares of National Bank by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock valued at $4,932,000 after purchasing an additional 492 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of National Bank by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 513 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of National Bank in the second quarter valued at about $41,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO G. Timothy Laney sold 16,063 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $43.34, for a total value of $696,170.42. Following the transaction, the chief executive officer now owns 256,026 shares in the company, valued at $11,096,166.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other National Bank news, insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the transaction, the insider now owns 10,398 shares in the company, valued at approximately $417,687.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G. Timothy Laney sold 16,063 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $43.34, for a total transaction of $696,170.42. Following the completion of the sale, the chief executive officer now owns 256,026 shares of the company’s stock, valued at $11,096,166.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,691 shares of company stock valued at $1,502,496. Insiders own 3.10% of the company’s stock.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.61%. This is a boost from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio is currently 34.67%.

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.