National Bank Holdings Co. (NYSE:NBHC) Declares Dividend Increase – $0.29 Per Share

National Bank Holdings Co. (NYSE:NBHC) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.29 per share by the financial services provider on Friday, December 13th. This represents a $1.16 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28.

National Bank has increased its dividend by an average of 9.1% annually over the last three years. National Bank has a dividend payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Analysts expect National Bank to earn $3.24 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 34.6%.

National Bank Trading Up 7.6 %

NBHC opened at $45.05 on Thursday. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 12.95 and a beta of 0.85. The stock’s 50 day moving average price is $42.04 and its 200-day moving average price is $39.10. National Bank has a one year low of $28.38 and a one year high of $46.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The firm had revenue of $156.39 million for the quarter, compared to analysts’ expectations of $102.32 million. National Bank had a return on equity of 10.44% and a net margin of 21.40%. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, equities analysts forecast that National Bank will post 3.03 EPS for the current year.

Insider Buying and Selling

In other National Bank news, CEO G. Timothy Laney sold 49,763 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the sale, the chief executive officer now owns 272,126 shares of the company’s stock, valued at approximately $11,603,452.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Patrick G. Sobers sold 18,738 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $43.10, for a total value of $807,607.80. Following the completion of the transaction, the director now owns 20,788 shares in the company, valued at $895,962.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO G. Timothy Laney sold 49,763 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $42.64, for a total value of $2,121,894.32. Following the completion of the transaction, the chief executive officer now owns 272,126 shares of the company’s stock, valued at $11,603,452.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,192 shares of company stock valued at $4,431,998 over the last quarter. 3.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NBHC. StockNews.com cut National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their target price on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Stephens increased their price objective on National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. DA Davidson increased their price objective on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, Piper Sandler cut National Bank from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $42.00 to $46.00 in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $46.40.

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.