National Bank Holdings Corporation (NBHC) to Issue Quarterly Dividend of $0.09 on December 15th
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 1.13%. The ex-dividend date of this dividend is Wednesday, November 22nd.
National Bank Holdings Corporation has raised its dividend payment by an average of 3.2% per year 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. Research 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) opened at $31.75 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.83. National Bank Holdings Corporation has a 12 month low of $26.43 and a 12 month high of $37.08. The stock has a market capitalization of $840.07, a P/E ratio of 25.03, a PEG ratio of 2.58 and a beta of 0.65.
National Bank Holdings Corporation (NYSE:NBHC) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $47.45 million for the quarter, compared to analysts’ expectations of $48.90 million. During the same period last year, the firm posted $0.30 earnings per share. sell-side analysts anticipate that National Bank Holdings Corporation will post 1.21 EPS for the current fiscal year.
Several research firms have recently issued reports on NBHC. BidaskClub cut National Bank Holdings Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Zacks Investment Research cut National Bank Holdings Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods cut National Bank Holdings Corporation from an “outperform” rating to a “mkt perform” rating in a research note on Saturday, October 21st. Finally, Sandler O’Neill raised National Bank Holdings Corporation from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price 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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