National Bank (NYSE:NBHC) Trading Up 3.9% Following Better-Than-Expected Earnings

Shares of National Bank Holdings Inc. (NYSE: NBHC) rose 3.9% during trading Friday, after reporting better-than-expected earnings. The company traded as high as $45.80 and was last traded at $45.68. 1,052 shares traded during trading, down 99% from the average daily volume of 107,241 shares. The stock had previously closed at $43.97, and the financial services provider reported $0.74 earnings per share for the quarter, topping Thomson Reuters’ estimate of $0.61 by $0.13. The National Bank’s net profit margin was 30.41% and the return on equity was 11.78%. The company generated $74.00 million in revenue for the quarter, compared to analysts’ expectations of $71.09 million. During the same quarter last year, the company earned $0.88 per share EPS. The company’s quarterly revenue decreased 11.0% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. A dividend was paid to shareholders of record on Friday, November 26 of $0.22 per share. The dividend payout date was Wednesday, November 24th. This represents an annual dividend of $0.88 and a dividend yield of 1.92%. The National Bank payout ratio is currently 28.03%.

Separately, Zacks Investment Research upgraded shares of The National Bank from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, January 6th.

In other news, insider Richard Yu Jr. Neufeld sold 4,900 shares of the company’s stock in a transaction on Friday, November 12th. The shares were sold at an average price of $45.41, bringing the total transaction to $22,509.00. The deal was disclosed in a document filed with the Securities and Exchange Commission, which is available through the Saudi Electricity and Exchange Company’s website. Also, Richard Yu, Jr. Neufeld Insider sold 3,449 shares of the company’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $45.23, bringing the total transaction to $610,197.93. The disclosure of this sale can be found here. Insiders have sold a total of 20,091 shares of company stock valued at $909,904 during the last quarter. 4.80% of the shares are owned by company insiders.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. filed Its ownership in shares of National Bank increased by 23.2% during the second quarter. PNC Financial Services Group Inc. owns. Now 1,696 shares of the financial services provider’s stock are valued at $64,000 after acquiring an additional 319 shares during the last quarter. Royal Bank of Canada raised its stake in shares of National Bank by 48.6% during the second quarter. Royal Bank of Canada now owns 5,099 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 1,668 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in National Bank in the third quarter valued at $200,000. The Texas Teachers’ Retirement System purchased a new stake in National Bank in the third quarter for $200,000. Finally, Susquehanna International Group LLP bought a new stake in National Bank in the second quarter valued at $208,000. 96.46% of the shares are owned by investment institutions.

The company has a market capitalization of $1.39 billion, a price-earnings ratio of 14.00 and a beta version of 0.97. The company’s 50-day simple moving average is $44.69 and the 200-day simple moving average is $40.47.

National Bank Company Profile (NYSE: NBHC)

National Bank Holding Company is a banking holding company. The company is engaged in providing banking products to commercial and consumer clients. It operates under the following brand names: Midwest Bank in Kansas and Missouri, Community Bank of Colorado in Colorado, and Hillcrest Bank in Texas, Utah and New Mexico.

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