National Bank Holdings Corporation (NBHC) To Go Ex-Dividend on May 29th

National Bank Holdings Corporation (NYSE:NBHCGet Free Report) announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 29th will be given a dividend of 0.32 per share by the financial services provider on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th.

National Bank has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 10 years. National Bank has a payout ratio of 38.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect National Bank to earn $4.18 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 30.6%.

National Bank Price Performance

NBHC stock opened at $42.36 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.90 billion, a PE ratio of 15.81 and a beta of 0.80. National Bank has a 12-month low of $35.06 and a 12-month high of $43.86. The business’s fifty day moving average price is $40.94 and its 200 day moving average price is $39.97.

National Bank (NYSE:NBHCGet Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The company had revenue of $126.78 million for the quarter, compared to analyst estimates of $129.30 million. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. On average, sell-side analysts anticipate that National Bank will post 3.51 EPS for the current year.

Institutional Trading of National Bank

Large investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd increased its stake in shares of National Bank by 650.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock worth $31,000 after buying an additional 690 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of National Bank during the fourth quarter worth approximately $48,000. Global Retirement Partners LLC purchased a new stake in shares of National Bank during the fourth quarter worth approximately $66,000. Quarry LP increased its stake in shares of National Bank by 50.8% during the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after buying an additional 613 shares during the period. Finally, State of Wyoming purchased a new stake in shares of National Bank during the fourth quarter worth approximately $69,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

About National Bank

(Get Free Report)

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.

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Dividend History for National Bank (NYSE:NBHC)

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