National Bank (NYSE:NBHC) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

National Bank (NYSE:NBHC) issued its earnings results on Wednesday. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03, Briefing.com reports. National Bank had a return on equity of 12.20% and a net margin of 25.40%. The business had revenue of $149.43 million for the quarter, compared to analyst estimates of $101.98 million. During the same quarter last year, the company earned $1.06 EPS.

National Bank Price Performance

NBHC traded down $0.09 during trading on Thursday, reaching $34.31. 30,937 shares of the stock were exchanged, compared to its average volume of 164,444. The business’s 50 day moving average price is $34.19 and its two-hundred day moving average price is $34.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 9.23 and a beta of 0.84. National Bank has a 1 year low of $26.48 and a 1 year high of $38.71.

Analyst Upgrades and Downgrades

Several research firms have commented on NBHC. Piper Sandler lifted their price target on National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. TheStreet lowered National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th. Finally, StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, April 20th.

About National Bank

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.