National Bank Holdings Co. (NYSE:NBHC) Raises Dividend to $0.28 Per Share

National Bank Holdings Co. (NYSE:NBHC) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.28 per share by the financial services provider on Friday, June 14th. This represents a $1.12 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from National Bank’s previous quarterly dividend of $0.27.

National Bank has increased its dividend by an average of 9.1% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. National Bank has a dividend payout ratio of 32.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect National Bank to earn $3.41 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 31.7%.

National Bank Trading Up 2.9 %

Shares of NYSE:NBHC traded up $0.97 during trading on Thursday, hitting $34.40. The company had a trading volume of 119,377 shares, compared to its average volume of 164,179. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 9.61 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.91. The company has a fifty day simple moving average of $34.10 and a two-hundred day simple moving average of $34.17. National Bank has a one year low of $26.48 and a one year high of $38.71.

National Bank (NYSE:NBHC) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The firm had revenue of $149.43 million during the quarter, compared to analyst estimates of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.20%. During the same quarter last year, the business earned $1.06 EPS. As a group, equities analysts forecast that National Bank will post 3.13 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on NBHC. TheStreet cut shares of National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th. Piper Sandler increased their price objective on National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $39.00 target price (down from $40.00) on shares of National Bank in a research report on Friday, April 26th. Hovde Group dropped their price target on National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a research report on Monday. Finally, StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research note on Sunday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, National Bank currently has a consensus rating of “Hold” and a consensus target price of $38.63.

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.