National Bank Holdings Corporation [NBHC] earnings preview: what to look & expect from their March quarter

Earnings from National Bank Holdings Corporation [NBHC] are scheduled on April 22, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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NBHC Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.7 per share on revenue of $76.65M. Taking a look at the future, the company is projected to report revenue of $76.66M at an earnings per share of $0.65 for the Jun 2021 quarter. The estimates represent year-over-year improvements of -1.30% in revenue and -3.22% in earnings per share for the company.

NBHC Stock Earnings Forecast For The Current Year

For the full financial year, National Bank Holdings Corporation [NYSE:NBHC] is forecasted to generate revenue of $302.52M. The figure is about $-35.79 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $2.55 in 2021, which is -$0.36 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -12.40% this year, -3.10% next year, and 10.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -10.60% in current fiscal year and -1.30% over following year.

NBHC Stock Price Performance

At a recent check today, National Bank Holdings Corporation [NYSE:NBHC] finished down -1.20% at $38.70. The stock’s day high price was $39.28, and its lowest was $38.66. Its price fall -1.09% in the last five days. Since the beginning of the year, National Bank Holdings Corporation’s shares are up nearly 19.57%. However, the share price is -10.44% below its one year high. The top price reached by the shares of the company was $43.21 on 03/12/21, while the 52-week low came on 01/04/21, when the shares were $32.14. In the past year, shares of the company have risen 72.25%. At 50 days, the moving average achieved is $39.39 while at 200 days, the moving average is $32.80. There were 15938.0 shares traded in the last session, down from 0.22 million in the previous session.

National Bank Holdings Corporation [NYSE:NBHC] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 13.74, National Bank Holdings Corporation [NBHC] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 13.18 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 5.49 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.72 for the industry, which means NBHC offers an unattractive investment opportunity than its competitors do.

NBHC Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 38.87 level, and the violation of this level will cause a further drop to 38.79 level. At the upper end, 40.03 remains a key resistance. As the stock increases, it may find resistance at 39.66. In the 14-day chart, the Relative Strength Index standing at 41.62 suggests a technical neutral stance while the MACD standing at -0.71 indicates price will decrease in the next trading period. Stochastic %K at 23.49% suggests holding the stock while Percent R indicator at 100.00% suggests bearish price movement.

How much is the short interest in National Bank Holdings Corporation?

There have been a drop in short interest in the National Bank Holdings Corporation Financial stock, with short interest up by 0.14 million shares to 0.51 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.65 million shares. This -27.92% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 2.96% of the overall float in the stock, while the stock’s days to cover moved to 3.94.

How do analysts view National Bank Holdings Corporation?

In regard to the share price forecast for National Bank Holdings Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $43.00 in the next twelve months, representing almost an 10.0% growth from its recent price of $38.70. Among National Bank Holdings Corporation stock projections, $43.00 is the highest analyst target for the stock, while $41.00 is the lowest. Despite this, 5 analysts who share their consensus rating for NBHC in 2021 agree that the stock is a Hold. The latest rating change took place on 11/20/20, when DA Davidson Ratings downgraded the stock from “Buy” to “Neutral.”

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