National Bank Holdings Corporation [NYSE: NBHC] will report earnings after markets close on Thursday, January 21st.
NBHC Earnings Forecast For The Current Quarter
National Bank Holdings Corporation [NBHC] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $79.51M and an earnings per share of $0.66 for Dec 2020. Looking further ahead, the company is expected to report revenue of $76.94M at an EPS of $0.6 for Mar 2021. The estimates represent upside of -7.50% and -17.03% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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NBHC Earnings Estimates For The Current Year
For the financial year, National Bank Holdings Corporation [NYSE:NBHC] is expected to bring in revenue of $332.71M. The returns are nearly $39.06 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.69, higher than that of FY19 by $0.14. Estimates put this year’s earnings growth at 5.50%, -17.10% for the next, and at an annual 10.00% over the next 5-year period. As for sales, forecasts are for an increase of 13.30% in the current fiscal year and a further -7.50% over the following year.
NBHC Price Performance
On Wall Street, National Bank Holdings Corporation [NYSE:NBHC] finished Tuesday’s session up 1.29% at $36.15. The stock went up to $36.21 at the same session while its lowest single day price was $35.62. In the last five days, it saw a rise of about 2.12%, National Bank Holdings Corporation shares gained by almost 10.35% since the beginning of the year. However, the share price has dropped to as low as -2.69% below its one year high. On 01/14/21, the company shares recorded $36.62, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $32.14. The company’s shares have declined by -1.95% in the past year. The 50-day SMA achieved is $33.44 while the 200-day SMA is $28.65. Volume dropped to 0.1 million from 0.11 million in the previous session.
National Bank Holdings Corporation [NBHC] Valuation Measures
Notably, National Bank Holdings Corporation [NBHC] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 13.93. The measure means the stock is exchanging at a premium as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 5.03 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.51 which means NBHC serve an unattractive investment opportunity compared to its competitors.
NBHC Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 36.15 level, and in case of violation of this particular level, it will cause more drop to 35.78 level. On the upper level, 36.96 is still the key resistance. The stock may increase to the subsequent resistance at 36.58. The Relative Strength Index (RSI) pinned on the 14-day chart is 63.43, implying a neutral technical stance while the MACD stands at 1.42, meaning price will increase in the next trading period. Percent R indicator moved to 10.49%, implying bullish price movement. Stochastic %K at 82.66% suggest selling the stock.
Is National Bank Holdings Corporation [NYSE:NBHC] a Good Buy Right Now?
It should be noted that NBHC technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from National Bank Holdings Corporation’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.13 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.13 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.12 million shares.
What is the short interest in National Bank Holdings Corporation?
Short interest in the National Bank Holdings Corporation stock has plunged, decreasing by 13360.0 shares to total 0.55 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 0.54 million, data from Yahoo Finance shows. The increase of 2.44% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 2.51% of the overall float for the stock.
National Bank Holdings Corporation’s Biggest Shareholders: Who Owns National Bank Holdings Corporation [NBHC]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 4,118,348 shares or roughly 13.46% of the outstanding NBHC shares. This means their shares have increased by 20,857 from the 4,118,348 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $96,767,700. Details in the latest 13F filings reveal that T. Rowe Price Associates, Inc. disposed off their -0.51% stake valued at $94,413,894 while Aristotle Capital Boston LLC added theirs at $64,451,107. During the last quarter, T. Rowe Price Associates, Inc. liquidated -14,772 of its shares in National Bank Holdings Corporation while Aristotle Capital Boston LLC bought 75,511 shares. The Dimensional Fund Advisors LP’s holdings currently number 1,761,335 shares at $63672260.25. According to the firm’s last 13F report, Renaissance Technologies LLC shares in the company at filing stood at 1,528,300 shares, roughly $50,067,108.
What are analyst thoughts on National Bank Holdings Corporation?
Looking forward to the National Bank Holdings Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for National Bank Holdings Corporation stock at $36.00 within the next 12 months, which represents almost -0.42 per cent growth from its previous closing price of $36.15. The highest analysts’ target for National Bank Holdings Corporation stock projections is $38.00 and the lowest one is $35.00. Still, 4 analysts sharing their consensus rating for NBHC stock in 2021 agree that it is a Hold.