National Bank Holdings Corporation (NYSE:NBHC) Declares Quarterly Dividend of $0.32

National Bank Holdings Corporation (NYSE:NBHC) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Friday, May 29th will be given a dividend of 0.32 per share by the financial services provider on Monday, June 15th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 29th.

National Bank has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. National Bank has a payout ratio of 38.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect National Bank to earn $4.18 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 30.6%.

National Bank Trading Down 0.4%

National Bank stock opened at $42.78 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. National Bank has a 12 month low of $35.06 and a 12 month high of $43.86. The stock’s 50 day simple moving average is $40.52 and its two-hundred day simple moving average is $39.50. The firm has a market cap of $1.93 billion, a PE ratio of 15.96 and a beta of 0.80.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The business had revenue of $126.78 million for the quarter, compared to analyst estimates of $129.30 million. During the same quarter in the prior year, the firm posted $0.63 EPS. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. Analysts anticipate that National Bank will post 3.51 earnings per share for the current year.

Insider Activity

In other news, insider John Steinmetz acquired 24,200 shares of National Bank stock in a transaction that occurred on Wednesday, February 11th. The stock was purchased at an average cost of $41.41 per share, with a total value of $1,002,122.00. Following the purchase, the insider owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in National Bank by 0.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,668 shares of the financial services provider’s stock valued at $2,306,000 after purchasing an additional 252 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in National Bank by 1.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 19,816 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 300 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in National Bank by 5.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 353 shares during the last quarter. Amalgamated Bank raised its stake in National Bank by 3.3% in the 3rd quarter. Amalgamated Bank now owns 11,168 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 357 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in National Bank by 17.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 499 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.