National Bank Holdings Corporation (NYSE:NBHC) to Issue Dividend Increase – $0.32 Per Share

National Bank Holdings Corporation (NYSE:NBHC) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.32 per share by the financial services provider on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, February 27th. This is a 3.2% increase from National Bank’s previous quarterly dividend of $0.31.

National Bank has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 10 years. National Bank has a payout ratio of 37.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect National Bank to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 35.9%.

National Bank Stock Down 0.6%

Shares of NBHC traded down $0.26 during midday trading on Wednesday, reaching $39.81. 470,964 shares of the stock were exchanged, compared to its average volume of 401,346. The company has a market capitalization of $1.51 billion, a P/E ratio of 12.59 and a beta of 0.81. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. National Bank has a 52 week low of $32.83 and a 52 week high of $44.11. The company’s 50 day moving average is $39.08 and its two-hundred day moving average is $38.39.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The business had revenue of $100.64 million during the quarter, compared to analysts’ expectations of $107.48 million. National Bank had a return on equity of 9.56% and a net margin of 20.50%.During the same period last year, the company earned $0.86 earnings per share. On average, sell-side analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

Hedge Funds Weigh In On National Bank

Several hedge funds and other institutional investors have recently bought and sold shares of NBHC. Aster Capital Management DIFC Ltd boosted its holdings in shares of National Bank by 650.9% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 690 shares during the last quarter. Quarry LP grew its position in National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 613 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of National Bank by 17.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after buying an additional 499 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of National Bank by 131.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock valued at $128,000 after buying an additional 1,927 shares during the period. Finally, Savant Capital LLC purchased a new stake in shares of National Bank in the third quarter worth about $211,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

About National Bank

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.