Zacks: Brokerages Anticipate National Bank Holdings Corp (NBHC) to Announce $0.57 Earnings Per Share

Wall Street brokerages expect National Bank Holdings Corp (NYSE:NBHC) to post earnings per share (EPS) of $0.57 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for National Bank’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.55. National Bank posted earnings per share of $0.47 during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.3%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, April 23rd.

According to Zacks, analysts expect that National Bank will report full-year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.45. For the next financial year, analysts expect that the company will post earnings of $2.48 per share, with EPS estimates ranging from $2.37 to $2.60. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow National Bank.

National Bank (NYSE:NBHC) last posted its earnings results on Thursday, January 24th. The financial services provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01). The company had revenue of $65.95 million for the quarter, compared to analysts’ expectations of $66.82 million. National Bank had a net margin of 21.03% and a return on equity of 10.14%. During the same period in the previous year, the business posted $0.36 earnings per share.

Several research firms recently weighed in on NBHC. Stephens reaffirmed a “hold” rating and set a $35.00 target price on shares of National Bank in a research note on Thursday, February 7th. Zacks Investment Research cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. Five equities research analysts have rated the stock with a hold rating, National Bank has an average rating of “Hold” and a consensus target price of $38.75.

In other National Bank news, Director Burney S. Warren III sold 19,233 shares of National Bank stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $35.63, for a total value of $685,271.79. Following the completion of the transaction, the director now directly owns 41,182 shares of the company’s stock, valued at approximately $1,467,314.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard U. Jr. Newfield sold 50,000 shares of National Bank stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $35.98, for a total transaction of $1,799,000.00. The disclosure for this sale can be found here. Insiders have sold 74,898 shares of company stock valued at $2,678,707 over the last ninety days. 5.50% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Quantamental Technologies LLC purchased a new position in shares of National Bank in the 4th quarter worth $65,000. SG Americas Securities LLC purchased a new position in shares of National Bank in the 4th quarter worth $109,000. Metropolitan Life Insurance Co. NY grew its stake in shares of National Bank by 316.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,762 shares of the financial services provider’s stock worth $301,000 after buying an additional 7,417 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in shares of National Bank in the 4th quarter worth $303,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of National Bank in the 4th quarter worth $315,000. 91.73% of the stock is owned by institutional investors and hedge funds.

NBHC opened at $34.66 on Thursday. The firm has a market cap of $1.07 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.50 and a beta of 1.01. National Bank has a fifty-two week low of $29.26 and a fifty-two week high of $41.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.91.

National Bank Company Profile

National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.

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Earnings History and Estimates for National Bank (NYSE:NBHC)

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