National Bank Holdings Co. (NYSE:NBHC) Declares Quarterly Dividend of $0.29

National Bank Holdings Co. (NYSE:NBHC) declared a quarterly dividend on Wednesday, January 22nd, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.29 per share by the financial services provider on Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, February 28th.

National Bank has raised its dividend by an average of 8.8% per year over the last three years. National Bank has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect National Bank to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 33.6%.

National Bank Stock Up 0.7 %

NYSE NBHC opened at $41.91 on Wednesday. National Bank has a 1 year low of $32.13 and a 1 year high of $51.76. The stock has a market capitalization of $1.59 billion, a PE ratio of 13.56 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. The business’s 50-day moving average is $43.07 and its 200 day moving average is $43.76.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. Sell-side analysts forecast that National Bank will post 3.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NBHC shares. Keefe, Bruyette & Woods boosted their price objective on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.40.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.