National Bank Holdings Co. (NYSE:NBHC – Get Rating) – DA Davidson reduced their Q1 2023 earnings per share (EPS) estimates for National Bank in a note issued to investors on Wednesday, April 5th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings per share of $1.01 for the quarter, down from their prior forecast of $1.04. The consensus estimate for National Bank’s current full-year earnings is $3.79 per share. DA Davidson also issued estimates for National Bank’s FY2024 earnings at $3.75 EPS.
Separately, StockNews.com initiated coverage on shares of National Bank in a research note on Thursday, March 16th. They set a “sell” rating for the company.
National Bank Price Performance
National Bank (NYSE:NBHC – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. National Bank had a net margin of 20.25% and a return on equity of 10.92%. The business had revenue of $110.66 million during the quarter, compared to analysts’ expectations of $108.16 million. During the same period last year, the company posted $0.75 EPS. The business’s revenue was up 49.5% on a year-over-year basis.
National Bank Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Friday, February 24th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $1.00 annualized dividend and a dividend yield of 3.05%. National Bank’s dividend payout ratio is presently 45.25%.
Insider Activity at National Bank
In other National Bank news, CEO G. Timothy Laney sold 10,000 shares of the stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $43.38, for a total transaction of $433,800.00. Following the sale, the chief executive officer now directly owns 215,023 shares of the company’s stock, valued at approximately $9,327,697.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by insiders.
Institutional Trading of National Bank
A number of hedge funds and other institutional investors have recently made changes to their positions in NBHC. BlackRock Inc. increased its holdings in National Bank by 1.3% in the 3rd quarter. BlackRock Inc. now owns 4,471,729 shares of the financial services provider’s stock valued at $165,408,000 after purchasing an additional 56,374 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of National Bank by 2.7% during the third quarter. Vanguard Group Inc. now owns 3,288,218 shares of the financial services provider’s stock worth $121,632,000 after purchasing an additional 87,446 shares in the last quarter. 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. Price T Rowe Associates Inc. MD grew its stake in shares of National Bank by 2.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,886,257 shares of the financial services provider’s stock worth $110,457,000 after purchasing an additional 75,293 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of National Bank by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,460,043 shares of the financial services provider’s stock worth $58,812,000 after purchasing an additional 13,594 shares in the last quarter. Institutional investors and hedge funds own 78.50% of the company’s stock.
About National Bank
National Bank Holdings Corp. is a bank holding company. The firm engages in the provision of banking products to both commercial and consumer clients. It operates under the following brand names: Bank Midwest in Kansas and Missouri, Community Banks of Colorado in Colorado, and Hillcrest Bank in Texas, Utah and New Mexico.
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