National Bank Holdings Co. (NYSE:NBHC) Raises Dividend to $0.29 Per Share

National Bank Holdings Co. (NYSE:NBHC) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Friday, November 29th will be given 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 of this dividend is Friday, November 29th. This is a positive change from National Bank’s previous quarterly dividend of $0.28.

National Bank has increased its dividend payment by an average of 9.1% annually over the last three years. National Bank has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 7.6 %

Shares of NYSE:NBHC opened at $45.05 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. 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 company has a 50 day moving average of $42.04 and a 200-day moving average of $39.10. National Bank has a one year low of $28.38 and a one year high of $46.51.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NBHC shares. Keefe, Bruyette & Woods lifted their price objective on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. DA Davidson boosted their target price on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Piper Sandler downgraded shares of National Bank from an “overweight” rating to a “neutral” rating and increased their price target for the company from $42.00 to $46.00 in a research report on Thursday, July 25th. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, Hovde Group increased their target price on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, National Bank presently has a consensus rating of “Hold” and an average target price of $46.40.

Insider Activity

In related news, insider Valerie D. Kramer sold 725 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the sale, the insider now directly owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Christopher S. Randall sold 3,750 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total transaction of $163,162.50. Following the completion of the transaction, the executive vice president now directly owns 14,365 shares of the company’s stock, valued at $625,021.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the sale, the insider now directly owns 10,398 shares in the company, valued at approximately $417,687.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,192 shares of company stock worth $4,431,998 in the last 90 days. Corporate 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.