National Bank Holdings Corporation (NBHC) To Go Ex-Dividend on November 27th

National Bank Holdings Corporation (NYSE:NBHC) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, November 27th will be given a dividend of $0.33 per share by the financial services provider on Tuesday, December 15th. This represents a $1.32 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, November 27th. This is a 3.1% increase from National Bank’s previous quarterly dividend of $0.32.

National Bank has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 10 consecutive years. National Bank has a payout ratio of 38.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect National Bank to earn $3.97 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 32.2%.

National Bank Trading Up 2.0%

Shares of NBHC opened at $38.25 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. National Bank has a 12-month low of $35.50 and a 12-month high of $47.28. The firm has a market capitalization of $1.70 billion, a PE ratio of 30.36 and a beta of 0.83. The stock’s fifty day simple moving average is $39.49 and its 200-day simple moving average is $41.28.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.73). National Bank had a return on equity of 5.90% and a net margin of 8.02%. The company had revenue of $126.44 million for the quarter, compared to the consensus estimate of $134.81 million. During the same quarter last year, the business posted $0.92 EPS. As a group, research analysts predict that National Bank will post 2.75 earnings per share for the current year.

Insider Transactions at National Bank

In other National Bank news, Director Art Zeile sold 4,000 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $37.43, for a total value of $149,720.00. Following the completion of the transaction, the director directly owned 15,816 shares of the company’s stock, valued at $591,992.88. This trade represents a 20.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NBHC. North Reef Capital Management LP purchased a new stake in National Bank during the 1st quarter valued at $12,545,000. ProShare Advisors LLC raised its holdings in National Bank by 3,598.6% in the 3rd quarter. ProShare Advisors LLC now owns 231,164 shares of the financial services provider’s stock worth $9,059,000 after acquiring an additional 224,914 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of National Bank by 1,188.0% during the fourth quarter. Hsbc Holdings PLC now owns 186,020 shares of the financial services provider’s stock valued at $7,071,000 after purchasing an additional 171,578 shares during the last quarter. Empowered Funds LLC boosted its position in National Bank by 30.9% in the first quarter. Empowered Funds LLC now owns 198,568 shares of the financial services provider’s stock worth $7,776,000 after purchasing an additional 46,869 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in National Bank by 42.6% in the 1st quarter. Bessemer Group Inc. now owns 144,522 shares of the financial services provider’s stock worth $5,660,000 after purchasing an additional 43,200 shares during the period. 92.65% of the stock is currently owned by institutional investors.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.