National Bank Holdings Corp (NBHC) Expected to Post Quarterly Sales of $66.82 Million

Equities research analysts expect National Bank Holdings Corp (NYSE:NBHC) to post sales of $66.82 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for National Bank’s earnings. The lowest sales estimate is $64.60 million and the highest is $69.05 million. National Bank reported sales of $45.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 45.9%. The firm is expected to issue its next quarterly earnings results on Thursday, January 24th.

On average, analysts expect that National Bank will report full year sales of $263.25 million for the current financial year, with estimates ranging from $255.20 million to $271.31 million. For the next year, analysts expect that the company will post sales of $281.87 million, with estimates ranging from $274.70 million to $289.04 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover National Bank.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $68.96 million during the quarter, compared to analyst estimates of $70.79 million. National Bank had a return on equity of 9.62% and a net margin of 12.64%. The company’s revenue for the quarter was up 40.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share.

A number of research firms have recently issued reports on NBHC. Zacks Investment Research lowered National Bank from a “buy” rating to a “hold” rating in a report on Wednesday. Stephens set a $41.00 target price on National Bank and gave the company a “hold” rating in a report on Tuesday, October 23rd. Hovde Group set a $40.00 target price on National Bank and gave the company a “hold” rating in a report on Monday, July 30th. Finally, Piper Jaffray Companies increased their target price on National Bank from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. National Bank currently has an average rating of “Hold” and a consensus target price of $40.17.

In related news, insider Zsolt K. Bessko sold 5,805 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $40.40, for a total transaction of $234,522.00. Following the completion of the sale, the insider now directly owns 33,870 shares in the company, valued at $1,368,348. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert E. Dean sold 3,771 shares of the stock in a transaction on Friday, September 7th. The stock was sold at an average price of $39.50, for a total value of $148,954.50. Following the sale, the director now owns 21,814 shares of the company’s stock, valued at $861,653. The disclosure for this sale can be found here. Insiders sold 21,225 shares of company stock valued at $855,558 in the last 90 days. Corporate insiders own 7.60% of the company’s stock.

Several large investors have recently made changes to their positions in NBHC. Wells Fargo & Company MN raised its holdings in shares of National Bank by 6.6% during the first quarter. Wells Fargo & Company MN now owns 40,067 shares of the financial services provider’s stock worth $1,333,000 after acquiring an additional 2,472 shares in the last quarter. UBS Group AG raised its holdings in shares of National Bank by 60.8% during the first quarter. UBS Group AG now owns 5,863 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 2,216 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of National Bank by 3.6% during the first quarter. Legal & General Group Plc now owns 49,974 shares of the financial services provider’s stock worth $1,661,000 after acquiring an additional 1,715 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of National Bank by 3.8% during the first quarter. Principal Financial Group Inc. now owns 217,918 shares of the financial services provider’s stock worth $7,246,000 after acquiring an additional 7,914 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of National Bank by 37.7% during the second quarter. Deprince Race & Zollo Inc. now owns 408,172 shares of the financial services provider’s stock worth $15,751,000 after acquiring an additional 111,824 shares in the last quarter. Institutional investors and hedge funds own 93.69% of the company’s stock.

NBHC opened at $35.21 on Friday. The firm has a market capitalization of $1.06 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 1.60 and a beta of 0.88. National Bank has a 12-month low of $30.33 and a 12-month high of $41.44. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.21.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.93%. This is a positive change from National Bank’s previous quarterly dividend of $0.14. National Bank’s dividend payout ratio is presently 44.44%.

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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