National Bank Holdings Corporation to Issue Quarterly Dividend of $0.09 (NBHC)
National Bank Holdings Corporation (NYSE:NBHC) declared a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Friday, November 24th will be paid a dividend of 0.09 per share by the financial services provider on Friday, December 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 22nd.
National Bank Holdings Corporation has raised its dividend by an average of 3.2% annually over the last three years. National Bank Holdings Corporation has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect National Bank Holdings Corporation to earn $1.73 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 20.8%.
National Bank Holdings Corporation (NYSE:NBHC) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). National Bank Holdings Corporation had a net margin of 17.13% and a return on equity of 6.40%. The company had revenue of $47.45 million during the quarter, compared to analyst estimates of $48.90 million. During the same quarter last year, the company posted $0.30 EPS.
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Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $35.00 price target on shares of National Bank Holdings Corporation in a research report on Friday, October 20th. Zacks Investment Research lowered shares of National Bank Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. BidaskClub upgraded shares of National Bank Holdings Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Sandler O’Neill upgraded shares of National Bank Holdings Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Friday, August 18th. Finally, Piper Jaffray Companies assumed coverage on shares of National Bank Holdings Corporation in a research report on Tuesday, July 11th. They set a “neutral” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. National Bank Holdings Corporation currently has an average rating of “Hold” and an average price target of $35.00.
National Bank Holdings Corporation Company Profile
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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