National Bank Holdings Corporation (NYSE:NBHC) to Issue Quarterly Dividend of $0.32

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

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 dividend payout ratio of 37.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE NBHC traded down $0.26 during trading hours on Wednesday, reaching $39.81. The company’s stock had a trading volume of 470,964 shares, compared to its average volume of 401,346. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. National Bank has a 1-year low of $32.83 and a 1-year high of $44.11. The company’s 50-day moving average is $39.08 and its two-hundred day moving average is $38.39. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.59 and a beta of 0.81.

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

Institutional Investors Weigh In On National Bank

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its stake in National Bank by 34.3% during the first quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock worth $906,000 after purchasing an additional 6,052 shares during the period. AQR Capital Management LLC raised its position in shares of National Bank by 97.2% during the 1st quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider’s stock valued at $1,007,000 after buying an additional 12,962 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in National Bank by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider’s stock valued at $844,000 after acquiring an additional 1,079 shares during the last quarter. Millennium Management LLC grew its position in National Bank by 2,057.9% in the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after acquiring an additional 190,210 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in National Bank by 11.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,367 shares of the financial services provider’s stock worth $3,611,000 after acquiring an additional 9,626 shares during the last quarter. 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 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.