National Bank Holdings Co. (NYSE:NBHC – Get Free Report) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.29 per share by the financial services provider on Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, February 28th.
National Bank has increased its dividend by an average of 8.8% per year over the last three years. National Bank has a dividend payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. Analysts expect National Bank to earn $3.35 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 34.6%.
National Bank Stock Down 4.0 %
Shares of NBHC traded down $1.74 during midday trading on Thursday, hitting $41.82. The company had a trading volume of 186,747 shares, compared to its average volume of 174,964. The company’s 50-day simple moving average is $45.26 and its 200-day simple moving average is $43.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $1.59 billion, a P/E ratio of 12.95 and a beta of 0.86. National Bank has a 1 year low of $32.13 and a 1 year high of $51.76.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on NBHC shares. Stephens boosted their target price on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson boosted their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Piper Sandler boosted their target price on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.40.
Check Out Our Latest Research Report on NBHC
Insider Buying and Selling
In other National Bank news, insider Valerie D. Kramer sold 897 shares of National Bank stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the sale, the insider now owns 9,755 shares of the company’s stock, valued at approximately $488,823.05. The trade was a 8.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the sale, the insider now directly owns 143,210 shares in the company, valued at $7,133,290.10. This represents a 11.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,431 shares of company stock valued at $1,067,505 over the last quarter. 3.10% of the stock is currently owned by insiders.
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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