National Bank Holdings Co. (NYSE:NBHC – Get Free Report)’s share price fell 5.1% during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $32.83 and last traded at $33.10. 15,123 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 250,574 shares. The stock had previously closed at $34.87.
The financial services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.07). National Bank had a return on equity of 12.25% and a net margin of 22.64%. The firm had revenue of $134.89 million for the quarter, compared to analysts’ expectations of $111.28 million. During the same quarter in the previous year, the business earned $0.69 earnings per share.
National Bank Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 26th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Thursday, May 25th. This is a boost from National Bank’s previous quarterly dividend of $0.25. National Bank’s payout ratio is 38.95%.
Analyst Upgrades and Downgrades
Institutional Trading of National Bank
Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in National Bank by 76.4% during the first quarter. JPMorgan Chase & Co. now owns 156,517 shares of the financial services provider’s stock worth $6,305,000 after acquiring an additional 67,805 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of National Bank by 20.6% in the first quarter. Bank of New York Mellon Corp now owns 727,077 shares of the financial services provider’s stock valued at $29,286,000 after acquiring an additional 123,952 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of National Bank by 12.3% in the first quarter. Citigroup Inc. now owns 26,539 shares of the financial services provider’s stock valued at $1,069,000 after acquiring an additional 2,898 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in shares of National Bank by 5.2% in the first quarter. Natixis Advisors L.P. now owns 15,882 shares of the financial services provider’s stock valued at $640,000 after acquiring an additional 791 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in National Bank by 4.8% during the first quarter. Bank of Montreal Can now owns 20,429 shares of the financial services provider’s stock worth $856,000 after buying an additional 943 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.
National Bank Stock Down 5.2 %
The stock has a market capitalization of $1.25 billion, a P/E ratio of 12.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.01 and a quick ratio of 1.00. The stock’s fifty day moving average is $31.38 and its two-hundred day moving average is $35.27.
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.
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