National Bank Holdings Corporation (NYSE:NBHC) to Issue ($0.30) Quarterly Dividend

Key Points

• National Bank Holdings Corporation has announced a quarterly dividend of $0.30 per share, with the record date set for August 29th and payment scheduled for September 15th.
• The company has a payout ratio of 36.5%, indicating a strong coverage of its dividend by earnings, with expected earnings of $3.45 per share next year.
• Currently trading at $36.50, NBHC's stock has a 52-week range of $32.83 to $51.76 and an average price target of $47.20 from analysts.

National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) declared a quarterly dividend on Monday, August 4th, RTT News reports. Stockholders of record on Friday, August 29th will be paid a dividend of -0.30 per share by the financial services provider on Monday, September 15th. This represents a -c) dividend on an annualized basis and a dividend yield of -3.3%. The ex-dividend date is Friday, August 29th.

National Bank has a dividend payout ratio of 36.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect National Bank to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 34.8%.

National Bank Price Performance

Shares of NYSE:NBHC traded up $0.25 during trading on Friday, reaching $36.39. The company had a trading volume of 42,266 shares, compared to its average volume of 253,628. The firm's fifty day moving average is $37.91 and its 200 day moving average is $38.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $1.39 billion, a PE ratio of 11.75 and a beta of 0.77. National Bank has a twelve month low of $32.83 and a twelve month high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. National Bank had a return on equity of 9.44% and a net margin of 20.02%. The firm had revenue of $104.48 million during the quarter, compared to the consensus estimate of $110.36 million. During the same period in the prior year, the firm posted $0.68 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that National Bank will post 3.31 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on NBHC shares. Wall Street Zen upgraded shares of National Bank from a "strong sell" rating to a "hold" rating in a research report on Saturday, July 26th. DA Davidson raised their target price on shares of National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Hovde Group upped their price target on National Bank from $39.00 to $42.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, National Bank currently has an average rating of "Hold" and an average price target of $47.20.

National Bank Company Profile

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.