National Bank Holdings Corporation (NYSE:NBHC) Plans Quarterly Dividend of ($0.30)

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) announced a quarterly dividend on Monday, August 4th, RTT News reports. Investors of record on Friday, August 29th will be given 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%.

National Bank has a payout ratio of 36.5% 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 $1.20 annual dividend with an expected future payout ratio of 34.8%.

National Bank Stock Performance

NYSE NBHC traded up $0.44 on Monday, reaching $36.50. 553,321 shares of the company's stock traded hands, compared to its average volume of 253,445. National Bank has a fifty-two week low of $32.83 and a fifty-two week high of $51.76. 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 cap of $1.39 billion, a price-to-earnings ratio of 11.77 and a beta of 0.77. The stock has a 50 day moving average price of $37.93 and a 200-day moving average price of $38.71.

National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS 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 for the quarter, compared to the consensus estimate of $110.36 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The company's revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that National Bank will post 3.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NBHC. Wall Street Zen raised shares of National Bank from a "strong sell" rating to a "hold" rating in a research note on Saturday, July 26th. DA Davidson lifted their price target on 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 objective on shares of 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 MarketBeat.com, the company 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.

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