National Bank Holdings Corp (NBHC) to Issue Dividend Increase – $0.09 Per Share
National Bank Holdings Corp (NYSE:NBHC) announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Friday, May 26th will be given a dividend of 0.09 per share by the financial services provider on Thursday, June 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, May 24th. This is a positive change from National Bank Holdings Corp’s previous quarterly dividend of $0.07.
National Bank Holdings Corp has increased its dividend payment by an average of 3.2% per year over the last three years. National Bank Holdings Corp has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect National Bank Holdings Corp to earn $1.52 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 18.4%.
National Bank Holdings Corp (NYSE:NBHC) traded down 0.78% during mid-day trading on Thursday, hitting $31.90. 114,719 shares of the stock traded hands. The stock has a 50-day moving average of $31.93 and a 200 day moving average of $30.32. National Bank Holdings Corp has a 1-year low of $19.46 and a 1-year high of $34.10. The firm has a market cap of $852.21 million, a price-to-earnings ratio of 29.32 and a beta of 0.67.
National Bank Holdings Corp (NYSE:NBHC) last released its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. The business earned $43.42 million during the quarter, compared to analyst estimates of $46.30 million. National Bank Holdings Corp had a net margin of 11.50% and a return on equity of 5.19%. During the same quarter in the prior year, the firm earned $0.01 earnings per share. On average, equities analysts expect that National Bank Holdings Corp will post $1.19 EPS for the current year.
Several equities analysts have recently commented on NBHC shares. Stephens lowered shares of National Bank Holdings Corp from an “overweight” rating to an “equal weight” rating in a research report on Thursday, April 20th. Zacks Investment Research upgraded shares of National Bank Holdings Corp from a “sell” rating to a “hold” rating in a research report on Saturday, February 25th.
In related news, CEO G. Timothy Laney sold 45,000 shares of the company’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $32.61, for a total value of $1,467,450.00. Following the completion of the sale, the chief executive officer now owns 646,780 shares of the company’s stock, valued at $21,091,495.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Burney S. Warren III sold 3,098 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $32.50, for a total transaction of $100,685.00. Following the completion of the sale, the director now directly owns 27,416 shares of the company’s stock, valued at approximately $891,020. The disclosure for this sale can be found here. Insiders sold 52,806 shares of company stock valued at $1,723,109 in the last ninety days. Corporate insiders own 9.90% of the company’s stock.
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About National Bank Holdings Corp
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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