National Bank Holdings Co. (NYSE:NBHC) Announces $0.29 Quarterly Dividend

National Bank Holdings Co. (NYSE:NBHC) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.29 per share by the financial services provider on Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, February 28th.

National Bank has increased its dividend by an average of 8.8% annually over the last three years. National Bank has a dividend payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect National Bank to earn $3.50 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 33.1%.

National Bank Stock Down 3.1 %

NBHC stock opened at $42.21 on Friday. The firm has a market cap of $1.60 billion, a PE ratio of 13.66 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $45.26 and its 200-day moving average price is $43.57. National Bank has a one year low of $32.13 and a one year high of $51.76.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.85%. On average, equities research analysts anticipate that National Bank will post 3.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NBHC shares. Keefe, Bruyette & Woods boosted their target price on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler boosted their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Stephens boosted their target price on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Hovde Group lowered National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research report on Monday, November 18th. Finally, DA Davidson boosted their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, National Bank presently has an average rating of “Hold” and a consensus target price of $51.40.

Insider Activity

In other National Bank news, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the transaction, the insider now directly owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. This trade represents a 11.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $49.62, for a total transaction of $63,265.50. Following the completion of the sale, the insider now owns 10,652 shares in the company, valued at $528,552.24. This represents a 10.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,431 shares of company stock valued at $1,067,505. Insiders own 3.10% of the company’s stock.

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.