National Bank Holdings Co. (NYSE:NBHC) to Post Q2 2024 Earnings of $0.78 Per Share, DA Davidson Forecasts

National Bank Holdings Co. (NYSE:NBHC) – Research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of National Bank in a research note issued to investors on Friday, April 26th. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings per share of $0.78 for the quarter. The consensus estimate for National Bank’s current full-year earnings is $3.33 per share.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $39.00 target price (down from $40.00) on shares of National Bank in a report on Friday. Piper Sandler lifted their target price on National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Sunday. Finally, TheStreet lowered National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, National Bank currently has a consensus rating of “Hold” and a consensus target price of $38.00.

National Bank Stock Performance

NBHC stock opened at $33.50 on Monday. The business’s 50-day moving average price is $34.14 and its two-hundred day moving average price is $34.14. The company has a current ratio of 0.91, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.27 billion, a PE ratio of 9.63 and a beta of 0.84. National Bank has a 1-year low of $26.48 and a 1-year high of $38.71.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. National Bank had a return on equity of 11.20% and a net margin of 22.94%. The business had revenue of $149.43 million for the quarter, compared to analyst estimates of $101.98 million. During the same period last year, the company earned $1.06 EPS.

Institutional Trading of National Bank

A number of institutional investors have recently modified their holdings of the company. Quantbot Technologies LP lifted its position in shares of National Bank by 2,352.0% in the third quarter. Quantbot Technologies LP now owns 4,904 shares of the financial services provider’s stock valued at $146,000 after buying an additional 4,704 shares during the last quarter. Quest Partners LLC bought a new position in National Bank during the fourth quarter worth $194,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in National Bank by 45.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 2,145 shares during the period. Everence Capital Management Inc. acquired a new position in shares of National Bank in the fourth quarter valued at $244,000. Finally, Mutual of America Capital Management LLC bought a new position in shares of National Bank in the fourth quarter valued at about $246,000. 92.65% of the stock is currently owned by institutional investors.

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.