Wall Street brokerages predict that National Bank Holdings Corp (NYSE:NBHC) will announce sales of $72.64 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for National Bank’s earnings, with estimates ranging from $71.57 million to $73.70 million. National Bank posted sales of $68.95 million in the same quarter last year, which suggests a positive year over year growth rate of 5.4%. The business is expected to announce its next earnings results on Tuesday, July 23rd.
According to Zacks, analysts expect that National Bank will report full year sales of $288.57 million for the current fiscal year, with estimates ranging from $286.55 million to $290.60 million. For the next fiscal year, analysts anticipate that the firm will post sales of $308.74 million, with estimates ranging from $308.60 million to $308.88 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow National Bank.
National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $68.22 million during the quarter, compared to analysts’ expectations of $67.99 million. National Bank had a net margin of 24.13% and a return on equity of 10.52%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share.
NBHC stock opened at $37.91 on Monday. The stock has a market capitalization of $1.16 billion, a PE ratio of 17.55, a P/E/G ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.90. National Bank has a 12 month low of $29.26 and a 12 month high of $41.44.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from National Bank’s previous quarterly dividend of $0.17. National Bank’s dividend payout ratio is 31.48%.
In related news, insider Whitney A. Bartelli sold 840 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $34.45, for a total value of $28,938.00. Following the completion of the transaction, the insider now owns 1,952 shares in the company, valued at approximately $67,246.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Burney S. Warren III sold 19,233 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $35.63, for a total transaction of $685,271.79. Following the completion of the transaction, the director now owns 41,182 shares of the company’s stock, valued at approximately $1,467,314.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,898 shares of company stock valued at $2,678,707. 5.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in National Bank by 1.0% in the 1st quarter. BlackRock Inc. now owns 4,018,816 shares of the financial services provider’s stock valued at $133,665,000 after buying an additional 39,923 shares during the last quarter. Vanguard Group Inc raised its holdings in National Bank by 3.2% in the 3rd 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. raised its holdings in National Bank by 3.2% in the 3rd 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 raised its holdings in National Bank by 9.8% in the 3rd 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 raised its holdings in National Bank by 46.9% in the 4th 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. Institutional investors and hedge funds own 91.65% of the company’s stock.
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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