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

National Bank Holdings Co. (NYSE:NBHC) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.29 per share by the financial services provider on Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, February 28th.

National Bank has raised its dividend by an average of 8.8% per year over the last three years. National Bank has a payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect National Bank to earn $3.50 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 33.1%.

National Bank Price Performance

NYSE:NBHC opened at $42.42 on Friday. The firm has a market cap of $1.61 billion, a P/E ratio of 13.73 and a beta of 0.86. The stock has a 50 day moving average of $45.01 and a two-hundred day moving average of $43.59. National Bank has a 12 month low of $32.13 and a 12 month high of $51.76. 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 (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.85% and a net margin of 19.82%. On average, analysts expect that National Bank will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other National Bank news, insider Valerie D. Kramer sold 897 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $50.11, for a total transaction of $44,948.67. Following the sale, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. This represents a 8.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the transaction, the insider now owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. This trade represents a 11.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,431 shares of company stock valued at $1,067,505. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Stephens raised their target price on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson upped 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. Keefe, Bruyette & Woods boosted their price target on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group downgraded shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research note on Monday, November 18th. Finally, Piper Sandler raised their price target on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, National Bank has an average rating of “Hold” and an average target price of $51.40.

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.