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

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 paid 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 2.77%. The ex-dividend date of this dividend is Friday, February 28th.

National Bank has increased its dividend by an average of 8.8% per year over the last three years. National Bank has a dividend payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect National Bank to earn $3.35 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 34.6%.

National Bank Price Performance

Shares of NYSE:NBHC traded down $1.74 during trading on Thursday, hitting $41.82. 186,747 shares of the stock were exchanged, compared to its average volume of 174,964. The company has a fifty day moving average price of $45.26 and a two-hundred day moving average price of $43.57. The company has a market cap of $1.59 billion, a PE ratio of 12.95 and a beta of 0.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. National Bank has a 12-month low of $32.13 and a 12-month high of $51.76.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a return on equity of 9.93% and a net margin of 20.52%. On average, analysts forecast that National Bank will post 3.2 EPS for the current year.

Insider Activity

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the sale, the insider now directly owns 143,210 shares of the company’s stock, valued at $7,133,290.10. The trade was a 11.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Valerie D. Kramer sold 897 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction of $44,948.67. Following the sale, the insider now directly owns 9,755 shares of the company’s stock, valued at approximately $488,823.05. This trade represents a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,431 shares of company stock valued at $1,067,505 in the last ninety days. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.