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

National Bank Holdings Co. (NYSE:NBHC) announced a quarterly dividend on Tuesday, October 22nd,Zacks Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase 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 payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect National Bank to earn $3.32 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 34.9%.

National Bank Stock Down 0.7 %

Shares of NYSE:NBHC opened at $48.39 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76. The stock’s fifty day simple moving average is $44.69 and its 200-day simple moving average is $41.46. The company has a market capitalization of $1.84 billion, a P/E ratio of 14.98 and a beta of 0.84.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The business had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. During the same period in the prior year, the business earned $0.94 earnings per share. As a group, equities research analysts forecast that National Bank will post 3.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other National Bank news, insider Valerie D. Kramer sold 897 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction of $44,948.67. Following the completion of the sale, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. This represents a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $163,162.50. Following the sale, the executive vice president now owns 14,365 shares of the company’s stock, valued at $625,021.15. This represents a 20.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,181 shares of company stock worth $1,230,667. 3.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Stephens upped their price objective 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. Piper Sandler increased their target price 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 target price on the stock. in a research report on Monday, November 18th. Finally, DA Davidson increased their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One investment 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. Based on data from MarketBeat, National Bank has an average rating of “Hold” and a consensus price target of $50.00.

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.