National Bank Holdings Corporation (NYSE:NBHC) Increases Dividend to $0.33 Per Share

National Bank Holdings Corporation (NYSE:NBHC) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 27th will be paid a dividend of $0.33 per share by the financial services provider on Tuesday, December 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 27th. This is a 3.1% increase from National Bank’s previous quarterly dividend of $0.32.

National Bank has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 10 consecutive years. National Bank has a dividend payout ratio of 38.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect National Bank to earn $3.97 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 32.2%.

National Bank Stock Performance

NBHC stock opened at $38.87 on Wednesday. The firm has a market cap of $1.73 billion, a PE ratio of 30.89 and a beta of 0.83. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $39.55 and a 200-day moving average of $41.30. National Bank has a 12-month low of $35.47 and a 12-month high of $47.28.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.73). The business had revenue of $126.44 million for the quarter, compared to the consensus estimate of $134.81 million. National Bank had a return on equity of 5.90% and a net margin of 8.02%. During the same quarter last year, the business posted $0.92 earnings per share. As a group, sell-side analysts expect that National Bank will post 2.75 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NBHC shares. DA Davidson reduced their target price on shares of National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Stephens cut their target price on National Bank from $44.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday. Weiss Ratings lowered National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Piper Sandler reduced their target price on National Bank from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Finally, Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.33.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.