National Bank Holdings Corporation (NYSE:NBHC) Declares Dividend Increase – $0.32 Per Share

National Bank Holdings Corporation (NYSE:NBHC) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.32 per share by the financial services provider on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, February 27th. This is a 3.2% increase from National Bank’s previous quarterly dividend of $0.31.

National Bank has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 10 years. National Bank has a dividend payout ratio of 37.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect National Bank to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 35.9%.

National Bank Price Performance

Shares of NYSE NBHC traded down $0.65 during trading hours on Wednesday, hitting $39.41. 510,292 shares of the stock were exchanged, compared to its average volume of 405,162. The company’s fifty day simple moving average is $39.08 and its two-hundred day simple moving average is $38.39. The company has a market cap of $1.49 billion, a PE ratio of 12.47 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. National Bank has a 1-year low of $32.83 and a 1-year high of $44.11.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a return on equity of 9.56% and a net margin of 20.50%.The business had revenue of $100.64 million for the quarter, compared to the consensus estimate of $107.48 million. During the same quarter in the previous year, the company earned $0.86 earnings per share. On average, sell-side analysts predict that National Bank will post 3.31 EPS for the current year.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.