Separately, Stephens dropped their price objective on National Bank from $35.00 to $34.00 and set an equal weight rating on the stock in a research note on Thursday, October 26th.
National Bank Stock Performance
National Bank (NYSE:NBHC – Get Free Report) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. National Bank had a return on equity of 12.65% and a net margin of 23.86%. The firm had revenue of $107.14 million for the quarter, compared to the consensus estimate of $106.71 million. Equities analysts forecast that National Bank will post 3.69 earnings per share for the current fiscal year.
National Bank Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Wednesday, November 22nd. This is a boost from National Bank’s previous quarterly dividend of $0.26. National Bank’s dividend payout ratio is currently 31.61%.
Insider Activity at National Bank
In other news, EVP Christopher S. Randall sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $34.25, for a total transaction of $137,000.00. Following the transaction, the executive vice president now directly owns 13,319 shares of the company’s stock, valued at $456,175.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by insiders.
Institutional Trading of National Bank
A number of institutional investors have recently modified their holdings of the company. Tudor Investment Corp Et Al lifted its holdings in National Bank by 57.4% in the third quarter. Tudor Investment Corp Et Al now owns 29,811 shares of the financial services provider’s stock worth $887,000 after buying an additional 10,869 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in National Bank by 25.0% in the third quarter. The Manufacturers Life Insurance Company now owns 18,018 shares of the financial services provider’s stock worth $536,000 after buying an additional 3,609 shares during the period. GSA Capital Partners LLP purchased a new stake in National Bank in the third quarter worth about $212,000. Royal Bank of Canada lifted its holdings in National Bank by 17.6% in the third quarter. Royal Bank of Canada now owns 13,902 shares of the financial services provider’s stock worth $413,000 after buying an additional 2,079 shares during the period. Finally, Kennedy Capital Management LLC lifted its holdings in National Bank by 13.4% in the third quarter. Kennedy Capital Management LLC now owns 852,359 shares of the financial services provider’s stock worth $25,366,000 after buying an additional 100,765 shares during the period. 89.61% of the stock is currently owned by hedge funds and other institutional investors.
National Bank Company Profile
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.
- Five stocks we like better than National Bank
- How to Invest in Energy
- S&P 500’s Whirlwind: Big gains, warning whispers & tactical moves
- What is the Australian Securities Exchange (ASX)
- MarketBeat Week in Review – 11/13 – 11/17
- What Are the FAANG Stocks and Are They Good Investments?
- 3 large caps with red hot RSIs with upside
Receive News & Ratings for National Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank and related companies with MarketBeat.com's FREE daily email newsletter.