National Bank Holdings Corp (NBHC) to Post Q2 2019 Earnings of $0.62 Per Share, Piper Jaffray Companies Forecasts

National Bank Holdings Corp (NYSE:NBHC) – Research analysts at Piper Jaffray Companies boosted their Q2 2019 earnings estimates for shares of National Bank in a report released on Wednesday, April 24th. Piper Jaffray Companies analyst N. Race now anticipates that the financial services provider will post earnings of $0.62 per share for the quarter, up from their prior estimate of $0.61. Piper Jaffray Companies also issued estimates for National Bank’s Q3 2019 earnings at $0.61 EPS, FY2019 earnings at $2.39 EPS, Q1 2020 earnings at $0.57 EPS, Q4 2020 earnings at $0.62 EPS and FY2020 earnings at $2.50 EPS.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. National Bank had a return on equity of 10.68% and a net margin of 24.13%. The business had revenue of $68.22 million for the quarter, compared to analyst estimates of $67.99 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. Stephens restated a “hold” rating and set a $35.00 price target on shares of National Bank in a research note on Thursday, February 7th. Zacks Investment Research upgraded National Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Five investment analysts have rated the stock with a hold rating, National Bank has a consensus rating of “Hold” and an average price target of $38.75.

Shares of NBHC stock opened at $37.68 on Friday. National Bank has a fifty-two week low of $29.26 and a fifty-two week high of $41.44. The stock has a market cap of $1.08 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 0.92.

In related news, Director Burney S. Warren III sold 19,233 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $35.63, for a total value of $685,271.79. Following the sale, the director now owns 41,182 shares in the company, valued at $1,467,314.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard U. Jr. Newfield sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $35.98, for a total value of $1,799,000.00. The disclosure for this sale can be found here. Insiders have sold 74,898 shares of company stock worth $2,678,707 in the last 90 days. Insiders own 5.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in National Bank by 0.4% in the fourth quarter. BlackRock Inc. now owns 3,978,893 shares of the financial services provider’s stock valued at $122,828,000 after buying an additional 15,380 shares during the last quarter. Vanguard Group Inc. boosted its position in National Bank by 3.2% in the third quarter. Vanguard Group Inc. now owns 2,707,954 shares of the financial services provider’s stock valued at $101,954,000 after buying an additional 85,073 shares during the last quarter. Vanguard Group Inc boosted its position in National Bank by 3.2% in the third quarter. Vanguard Group Inc now owns 2,707,954 shares of the financial services provider’s stock valued at $101,954,000 after buying an additional 85,073 shares during the last quarter. Bank of New York Mellon Corp boosted its position in National Bank by 9.8% in the third quarter. Bank of New York Mellon Corp now owns 1,051,509 shares of the financial services provider’s stock valued at $39,590,000 after buying an additional 94,249 shares during the last quarter. Finally, Millennium Management LLC boosted its position in National Bank by 46.9% in the fourth quarter. Millennium Management LLC now owns 470,280 shares of the financial services provider’s stock valued at $14,518,000 after buying an additional 150,170 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

About National Bank

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.

See Also: Depreciation

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

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