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) – Investment analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of National Bank in a note issued to investors on Friday, April 26th. DA Davidson analyst J. Rulis forecasts that the financial services provider will earn $0.78 per share for the quarter. The consensus estimate for National Bank’s current full-year earnings is $3.33 per share.

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

Several other brokerages have also recently weighed in on NBHC. TheStreet cut National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $39.00 target price (down from $40.00) on shares of National Bank in a report on Friday. StockNews.com cut National Bank from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Piper Sandler upped 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. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, National Bank currently has a consensus rating of “Hold” and a consensus target price of $38.00.

National Bank Stock Performance

Shares of National Bank stock opened at $33.50 on Monday. The stock’s fifty day moving average is $34.14 and its two-hundred day moving average is $34.14. The company has a market capitalization of $1.27 billion, a PE ratio of 9.63 and a beta of 0.84. The company has a quick ratio of 0.95, a current ratio of 0.91 and a debt-to-equity ratio of 0.04. National Bank has a 52 week low of $26.48 and a 52 week high of $38.71.

Institutional Investors Weigh In On National Bank

A number of hedge funds have recently made changes to their positions in NBHC. SG Americas Securities LLC lifted its stake in shares of National Bank by 150.0% during the 3rd quarter. SG Americas Securities LLC now owns 25,089 shares of the financial services provider’s stock worth $747,000 after purchasing an additional 15,054 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of National Bank by 45.5% during the 3rd 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 last quarter. Teacher Retirement System of Texas purchased a new stake in shares of National Bank during the 3rd quarter worth $275,000. Victory Capital Management Inc. lifted its stake in shares of National Bank by 29.0% during the 3rd quarter. Victory Capital Management Inc. now owns 18,533 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 4,162 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of National Bank by 353.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 201,893 shares of the financial services provider’s stock worth $6,008,000 after purchasing an additional 157,359 shares during the last quarter. 92.65% 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.