National Bank Holdings Corp (NYSE:NBHC) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Friday, February 23rd will be paid a dividend of 0.09 per share by the financial services provider on Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, February 22nd.
National Bank has raised its dividend payment by an average of 19.3% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. National Bank has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect National Bank to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 16.0%.
National Bank (NYSE NBHC) opened at $33.59 on Wednesday. National Bank has a 1 year low of $30.10 and a 1 year high of $37.08. The stock has a market cap of $920.08, a price-to-earnings ratio of 64.60, a price-to-earnings-growth ratio of 1.82 and a beta of 0.72. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.
A number of analysts have recently commented on NBHC shares. Zacks Investment Research upgraded shares of National Bank from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Saturday, January 13th. BidaskClub cut shares of National Bank from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Hovde Group set a $35.00 target price on shares of National Bank and gave the company a “hold” rating in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $37.00 target price on shares of National Bank in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $35.83.
In related news, Director Robert E. Dean sold 3,076 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $33.74, for a total value of $103,784.24. Following the transaction, the director now owns 22,910 shares in the company, valued at approximately $772,983.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard U. Jr. Newfield sold 25,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $33.20, for a total transaction of $830,000.00. Following the completion of the transaction, the insider now owns 127,507 shares in the company, valued at approximately $4,233,232.40. The disclosure for this sale can be found here. Insiders own 7.60% of the company’s stock.
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About National Bank
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
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