National Bank Holdings Corp (NYSE:NBHC) announced a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Stockholders of record on Friday, February 23rd will be given 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 dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, February 22nd.
National Bank has raised its dividend by an average of 19.3% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. National Bank has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect National Bank to earn $1.74 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 20.7%.
National Bank (NYSE NBHC) traded up $0.62 during mid-day trading on Friday, hitting $34.42. The stock had a trading volume of 77,790 shares, compared to its average volume of 94,807. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. National Bank has a fifty-two week low of $30.10 and a fifty-two week high of $37.08. The firm has a market capitalization of $924.11, a price-to-earnings ratio of 27.76, a P/E/G ratio of 1.94 and a beta of 0.66.
In other National Bank news, Director Robert E. Dean sold 3,076 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $33.74, for a total transaction of $103,784.24. Following the completion of the sale, the director now owns 22,910 shares in the company, valued at approximately $772,983.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.60% of the stock is owned by company insiders.
A number of research firms have recently issued reports on NBHC. Zacks Investment Research upgraded National Bank from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Saturday, January 13th. Keefe, Bruyette & Woods restated a “buy” rating and set a $35.00 price objective on shares of National Bank in a research note on Wednesday, October 4th. BidaskClub upgraded National Bank from a “hold” rating to a “buy” rating in a research note on Friday, September 29th. Finally, Hovde Group set a $35.00 price objective on National Bank and gave the company a “hold” rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $35.83.
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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