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

National Bank Holdings Co. (NYSE:NBHC) declared a quarterly dividend on Tuesday, October 22nd,Zacks Dividends reports. Investors 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 dividend yield of 2.38%. 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 raised 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% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of NYSE NBHC opened at $48.73 on Wednesday. National Bank has a 1 year low of $32.13 and a 1 year high of $51.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day moving average price of $44.56 and a two-hundred day moving average price of $41.41. The firm has a market cap of $1.85 billion, a P/E ratio of 15.09 and a beta of 0.84.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share 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 during the quarter, compared to analysts’ expectations of $102.32 million. During the same quarter last year, the business posted $0.94 earnings per share. Research analysts forecast that National Bank will post 3.18 EPS for the current fiscal year.

Insider Buying and Selling at National Bank

In other news, insider Valerie D. Kramer sold 1,275 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $49.62, for a total transaction of $63,265.50. Following the completion of the sale, the insider now directly owns 10,652 shares of the company’s stock, valued at $528,552.24. This trade represents a 10.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of 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. Insiders have sold a total of 25,181 shares of company stock valued at $1,230,667 in the last three months. 3.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NBHC shares. DA Davidson boosted their target price on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Piper Sandler upped their price target on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Stephens raised their price objective on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note 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 research report on Monday, November 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to 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.