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

National Bank Holdings Co. (NYSE:NBHC) announced a quarterly dividend on Tuesday, October 22nd,Zacks Dividends 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 2.40%. 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 payment by an average of 9.1% per year over the last three years. National Bank has a dividend payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE NBHC opened at $48.39 on Thursday. 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 twelve month low of $32.13 and a twelve month high of $51.76. The stock has a 50 day moving average of $44.69 and a two-hundred day moving average of $41.46. The stock has a market cap 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 for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The company had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, research analysts forecast that National Bank will post 3.18 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Christopher S. Randall sold 3,750 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total transaction of $163,162.50. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Valerie D. Kramer sold 897 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the sale, the insider now owns 9,755 shares in the company, valued at approximately $488,823.05. The trade was a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,181 shares of company stock valued at $1,230,667 over the last quarter. Company insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NBHC shares. DA Davidson boosted their target price on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stephens boosted their target price on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Piper Sandler boosted their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Hovde Group lowered National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, National Bank has a consensus rating of “Hold” and a consensus price target of $50.00.

About National Bank

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.