DA Davidson Predicts National Bank’s Q4 Earnings (NYSE:NBHC)

National Bank Holdings Co. (NYSE:NBHC) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for National Bank in a report released on Thursday, October 24th. DA Davidson analyst J. Rulis anticipates that the financial services provider will earn $0.84 per share for the quarter. DA Davidson currently has a “Buy” rating and a $53.00 target price on the stock. The consensus estimate for National Bank’s current full-year earnings is $3.03 per share.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 10.06% and a net margin of 20.52%. The firm had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. During the same period in the prior year, the firm posted $0.94 earnings per share.

Several other brokerages have also recently commented on NBHC. Hovde Group increased their price target on National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Stephens upped their price objective on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Piper Sandler upped their price objective on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, National Bank currently has an average rating of “Hold” and a consensus target price of $49.00.

National Bank Stock Performance

Shares of NYSE NBHC opened at $44.40 on Friday. The stock has a 50 day moving average price of $42.20 and a 200 day moving average price of $39.21. National Bank has a 52 week low of $29.86 and a 52 week high of $46.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $1.68 billion, a PE ratio of 13.75 and a beta of 0.85.

Institutional Investors Weigh In On National Bank

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of National Bank by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after acquiring an additional 25,349 shares in the last quarter. Boston Partners increased its position in National Bank by 743.6% in the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock valued at $7,211,000 after buying an additional 176,375 shares in the last quarter. Westwood Holdings Group Inc. increased its position in National Bank by 2.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock valued at $33,730,000 after buying an additional 19,016 shares in the last quarter. Dimensional Fund Advisors LP increased its position in National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock valued at $76,152,000 after buying an additional 167,711 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in National Bank by 87.6% during the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock valued at $17,268,000 after purchasing an additional 223,505 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insider Transactions at National Bank

In other news, insider Valerie D. Kramer sold 725 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the transaction, the insider now owns 10,398 shares in the company, valued at approximately $417,687.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other National Bank news, insider Valerie D. Kramer sold 725 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the transaction, the insider now owns 10,398 shares in the company, valued at $417,687.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G. Timothy Laney sold 49,763 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $42.64, for a total value of $2,121,894.32. Following the transaction, the chief executive officer now owns 272,126 shares in the company, valued at approximately $11,603,452.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,454 shares of company stock worth $3,624,390. Company insiders own 3.10% of the company’s stock.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.61%. This is a positive change from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio (DPR) is 34.67%.

About National Bank

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.