National Bank Holdings Corporation (NYSE:NBHC) to Issue Dividend Increase – $0.33 Per Share

National Bank Holdings Corporation (NYSE:NBHC) announced a quarterly dividend on Tuesday, November 3rd. Shareholders 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 of this dividend 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 by an average of 0.1% per year 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. 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 Price Performance

Shares of NYSE NBHC opened at $37.50 on Wednesday. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 29.77 and a beta of 0.83. National Bank has a 12 month low of $35.47 and a 12 month high of $47.28. The firm’s 50 day simple moving average is $39.55 and its 200-day simple moving average is $41.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.96.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.73). National Bank had a net margin of 8.02% and a return on equity of 5.90%. The firm had revenue of $126.44 million during the quarter, compared to analyst estimates of $134.81 million. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Analysts expect that National Bank will post 2.75 EPS for the current year.

Insider Activity

In other news, Director Art Zeile sold 4,000 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $37.43, for a total transaction of $149,720.00. Following the transaction, the director owned 15,816 shares in the company, valued at $591,992.88. This trade represents a 20.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On National Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBHC. Mirae Asset Global Investments Co. Ltd. acquired a new position in National Bank during the third quarter worth $1,663,000. ProShare Advisors LLC grew its position in shares of National Bank by 3,598.6% in the third quarter. ProShare Advisors LLC now owns 231,164 shares of the financial services provider’s stock valued at $9,059,000 after purchasing an additional 224,914 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in shares of National Bank in the third quarter valued at about $291,000. Versant Capital Management Inc increased its stake in shares of National Bank by 108.7% during the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 462 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of National Bank during the second quarter worth about $433,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.