National Bank Holdings Corporation (NBHC) To Go Ex-Dividend on August 28th

National Bank Holdings Corporation (NYSE:NBHC) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, August 28th will be given a dividend of 0.32 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th.

National Bank has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 10 consecutive years. National Bank has a dividend payout ratio of 38.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect National Bank to earn $4.03 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 31.8%.

National Bank Stock Down 0.6%

NYSE NBHC opened at $43.23 on Thursday. The stock’s 50 day simple moving average is $43.54 and its 200 day simple moving average is $41.81. National Bank has a one year low of $35.06 and a one year high of $47.28. The firm has a market cap of $1.94 billion, a PE ratio of 18.16 and a beta of 0.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). National Bank had a net margin of 15.11% and a return on equity of 8.35%. The business had revenue of $129.94 million during the quarter, compared to the consensus estimate of $135.08 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, sell-side analysts forecast that National Bank will post 3.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Bank

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its stake in National Bank by 30.9% in the 1st quarter. Empowered Funds LLC now owns 198,568 shares of the financial services provider’s stock valued at $7,776,000 after acquiring an additional 46,869 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of National Bank by 45.8% in the first quarter. Bank of America Corp DE now owns 135,454 shares of the financial services provider’s stock valued at $5,304,000 after purchasing an additional 42,572 shares during the last quarter. Amundi bought a new stake in shares of National Bank in the first quarter worth $260,000. California State Teachers Retirement System boosted its holdings in National Bank by 40.7% during the first quarter. California State Teachers Retirement System now owns 49,276 shares of the financial services provider’s stock worth $1,930,000 after purchasing an additional 14,266 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in National Bank by 5.0% in the first quarter. The Manufacturers Life Insurance Company now owns 17,405 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 826 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

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.