Q2 2023 EPS Estimates for National Bank Holdings Co. (NYSE:NBHC) Decreased by Analyst

Posted by on Apr 26th, 2023

National Bank Holdings Co. (NYSE:NBHC – Get Rating) – Equities researchers at DA Davidson reduced their Q2 2023 EPS estimates for National Bank in a research report issued on Monday, April 24th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $0.90 per share for the quarter, down from their prior forecast of $0.92. The consensus estimate for National Bank’s current full-year earnings is $3.64 per share.

NBHC has been the subject of several other reports. Keefe, Bruyette & Woods reduced their price objective on National Bank from $49.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday, April 6th. StockNews.com initiated coverage on National Bank in a research note on Thursday, March 16th. They set a “sell” rating for the company.

National Bank Price Performance

Shares of NYSE:NBHC opened at $30.96 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.00 and a current ratio of 1.01. National Bank has a one year low of $30.53 and a one year high of $50.00. The company has a 50-day simple moving average of $35.82 and a 200-day simple moving average of $40.67. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.60 and a beta of 0.93.

National Bank (NYSE:NBHC – Get Rating) last posted its quarterly earnings data on Thursday, April 20th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.06. The business had revenue of $109.55 million during the quarter, compared to the consensus estimate of $108.49 million. National Bank had a return on equity of 12.25% and a net margin of 22.64%. The company’s revenue was up 66.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share.

Institutional Trading of National Bank

Hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC raised its position in National Bank by 358.0% in the fourth quarter. Quadrant Capital Group LLC now owns 600 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 469 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of National Bank by 145.4% during the 1st quarter. Captrust Financial Advisors now owns 1,698 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 1,006 shares during the period. Point72 Hong Kong Ltd increased its holdings in shares of National Bank by 2,677.4% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,722 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,660 shares in the last quarter. Silvant Capital Management LLC lifted its stake in shares of National Bank by 27.9% in the third quarter. Silvant Capital Management LLC now owns 2,458 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 536 shares during the period. Finally, Eagle Bay Advisors LLC boosted its holdings in National Bank by 48.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 3,360 shares of the financial services provider’s stock worth $141,000 after buying an additional 1,093 shares in the last quarter. 78.50% of the stock is owned by institutional investors and hedge funds.

National Bank Company Profile

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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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