National Bank Holdings Corp (NYSE:NBHC) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Friday, February 23rd will be given a dividend of 0.09 per share by the financial services provider on Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, February 22nd.
National Bank has raised its dividend payment by an average of 19.3% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. National Bank has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect National Bank to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 20.7%.
Shares of National Bank (NYSE NBHC) opened at $34.42 on Friday. The stock has a market cap of $907.46, a PE ratio of 27.54, a PEG ratio of 1.94 and a beta of 0.66. National Bank has a 52-week low of $30.10 and a 52-week high of $37.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.83 and a quick ratio of 0.82.
National Bank (NYSE:NBHC) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The business had revenue of $47.45 million during the quarter, compared to the consensus estimate of $48.90 million. National Bank had a net margin of 17.13% and a return on equity of 6.40%. During the same period in the previous year, the firm posted $0.30 EPS. sell-side analysts forecast that National Bank will post 1.21 EPS for the current year.
NBHC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $35.00 target price on shares of National Bank in a research report on Friday, October 20th. Zacks Investment Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 27th. BidaskClub raised shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Finally, Hovde Group set a $35.00 target price on shares of National Bank and gave the company a “hold” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. National Bank presently has a consensus rating of “Hold” and a consensus target price of $35.83.
In other news, Director Robert E. Dean sold 3,076 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $33.74, for a total value of $103,784.24. Following the completion of the sale, the director now owns 22,910 shares of the company’s stock, valued at $772,983.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.60% of the company’s stock.
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National Bank Company Profile
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
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