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

National Bank Holdings Co. (NYSE:NBHC - Get Free Report) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors 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 2.54%. The ex-dividend date is Friday, November 29th. This is an increase 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 payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. 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 1.2 %

Shares of NYSE:NBHC traded up $0.55 during mid-day trading on Thursday, hitting $45.60. 310,581 shares of the company traded hands, compared to its average volume of 201,405. The stock has a market cap of $1.72 billion, a P/E ratio of 13.09 and a beta of 0.85. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. National Bank has a 12-month low of $28.60 and a 12-month high of $46.51. The stock has a 50-day moving average price of $42.04 and a two-hundred day moving average price of $39.10.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 10.44% and a net margin of 21.40%. The business had revenue of $156.39 million for the quarter, compared to analysts' expectations of $102.32 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, equities research analysts forecast that National Bank will post 3.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on NBHC. Piper Sandler upped their price target on National Bank from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday. Hovde Group upped their price target on National Bank from $42.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their price objective on National Bank from $39.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, July 29th. DA Davidson boosted their price objective on National Bank from $51.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Stephens boosted their price objective on National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, National Bank presently has an average rating of "Hold" and an average target price of $49.00.

Insider Activity at National Bank

In related news, Director Patrick G. Sobers sold 18,738 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $43.10, for a total transaction of $807,607.80. Following the completion of the sale, the director now directly owns 20,788 shares in the company, valued at $895,962.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO G. Timothy Laney sold 49,763 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $42.64, for a total value of $2,121,894.32. Following the completion of the transaction, the chief executive officer now owns 272,126 shares of the company's stock, valued at approximately $11,603,452.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick G. Sobers sold 18,738 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $43.10, for a total value of $807,607.80. Following the completion of the transaction, the director now directly owns 20,788 shares of the company's stock, valued at $895,962.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,192 shares of company stock worth $4,431,998 in the last ninety days. 3.10% of the stock is owned by company insiders.

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.