NBHC Stock Analysis: National Bank Holdings | NYSE
Banks - Regional | NYSE, USA | Market Cap: 1.775m USD | 12M Return: 5.5% | US6337071046 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.2M
EPS Trend: -85.7%
Qual. Beats: 0
Rev. Trend: 74.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
National Bank Holdings Corporation (NBHC) is a U.S. bank holding company that operates through its subsidiary, NBH Bank, delivering a full suite of banking products and financial services to commercial, business, and consumer clients. Its deposit offerings include checking, savings, money market, health savings, and fixed-maturity time deposit accounts, while its lending portfolio spans commercial and industrial loans and leases, owner-occupied and non-owner-occupied commercial real estate loans, small business administration (SBA) loans, term loans, lines of credit, residential real estate loans, and consumer loans.
The company complements its core banking activities with treasury management solutions such as online and mobile banking, wire transfers, ACH processing, remote deposit capture, merchant processing, fraud prevention, and cash management services. It distributes these offerings through a network of banking centers across Colorado, the greater Kansas City region, Texas, Utah, Wyoming, New Mexico, and Idaho, supplemented by ATMs.
As a community-oriented regional bank, NBHC follows a traditional spread-based business model, generating revenue primarily from net interest income on loans and securities, supplemented by fee income from deposits and treasury management services. The company was incorporated in 2009, is headquartered in Greenwood Village, Colorado, and was renamed from NBH Holdings Corp. to its current name in March 2012.
- Net interest margin trends with Fed rate path
- Commercial loan growth in Colorado and Texas markets
- CRE and lender finance portfolio credit quality
| Net Income: 98.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.33 > 1.0 |
| NWC/Revenue: 301.9% < 20% (prev -1.24k%; Δ 1.54k% < -1%) |
| CFO/TA 0.01 > 3% & CFO 168.8m > Net Income 98.6m |
| Net Debt (-1.48b) to EBITDA (159.5m): -9.26 < 3 |
| Current Ratio: 90.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (38.2m) vs 12m ago 0.08% < -2% |
| Gross Margin: 69.87% > 18% (prev 66.65%; Δ 3.22% > 0.5%) |
| Asset Turnover: 5.29% > 50% (prev 5.92%; Δ -0.63% > 0%) |
| Interest Coverage Ratio: 0.69 > 6 (EBIT TTM 129.9m / Interest Expense TTM 187.2m) |
| A: 0.14 (Total Current Assets 1.82b - Total Current Liabilities 20.2m) / Total Assets 12.6b |
| B: 0.05 (Retained Earnings 590.4m / Total Assets 12.6b) |
| C: 0.01 (EBIT TTM 129.9m / Avg Total Assets 11.3b) |
| D: 0.15 (Book Value of Equity 1.67b / Total Liabilities 10.9b) |
| Altman-Z'' = 1.33 = BB |
As of September 27, 2026, the stock is trading at USD 40.17 with a total of 910,165 shares traded. Over the past week, the price has changed by -1.95%, over one month by -1.95%, over three months by -9.04% and over the past year by +5.52%.
Current recommended Stop Loss: 39.30 (which is 2.2% or 1.2 ATR below the current price).
National Bank Holdings has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy NBHC.
- StrongBuy: 2
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 48 | 19.5% |
P/E Trailing = 16.7479
P/E Forward = 13.7931
P/S = 3.9254
P/B = 1.0711
P/EG = 1.5672
Revenue TTM = 597.4m USD
EBIT TTM = 129.9m USD
EBITDA TTM = 159.5m USD
Long Term Debt = 327.0m USD (from longTermDebt, last quarter)
Short Term Debt = 20.2m USD (from shortTermDebt, last quarter)
Debt = 347.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.48b USD (calculated: Debt 347.2m - CCE 1.82b)
Enterprise Value = 299.0m USD (1.78b + Debt 347.2m - CCE 1.82b)
Interest Coverage Ratio = 0.69 (Ebit TTM 129.9m / Interest Expense TTM 187.2m)
EV/FCF = 2.35x (Enterprise Value 299.0m / FCF TTM 127.0m)
FCF Yield = 42.50% (FCF TTM 127.0m / Enterprise Value 299.0m)
FCF Margin = 21.27% (FCF TTM 127.0m / Revenue TTM 597.4m)
Net Margin = 16.51% (Net Income TTM 98.6m / Revenue TTM 597.4m)
Gross Margin = 69.87% ((Revenue TTM 597.4m - Cost of Revenue TTM 180.0m) / Revenue TTM)
Gross Margin QoQ = none% (prev 69.32%)
Tobins Q-Ratio = 0.02 (Enterprise Value 299.0m / Total Assets 12.6b)
Interest Expense / Debt = 53.92% (Interest Expense 187.2m / Debt 347.2m)
Taxrate = 18.37% (22.2m / 120.8m)
NOPAT = 106.0m (EBIT 129.9m * (1 - 18.37%))
Current Ratio = 90.10 (Total Current Assets 1.82b / Total Current Liabilities 20.2m)
Debt / Equity = 0.21 (Debt 347.2m / totalStockholderEquity, last quarter 1.67b)
Debt / EBITDA = -9.26 (Net Debt -1.48b / EBITDA 159.5m)
Debt / FCF = -11.62 (Net Debt -1.48b / FCF TTM 127.0m)
Total Stockholder Equity = 1.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.87% (Net Income 98.6m / Total Assets 12.6b)
RoE = 6.47% (Net Income TTM 98.6m / Total Stockholder Equity 1.52b)
RoCE = 7.02% (EBIT 129.9m / Capital Employed (Equity 1.52b + L.T.Debt 327.0m))
RoIC = 0.84% (NOPAT 106.0m / Invested Capital 12.6b)
WACC = 6.94% (E(1.78b)/V(2.12b) * Re(8.30%) + (debt cost/tax rate unavailable))
Discount Rate = 8.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -51.80 | Cagr: -0.01%
[DCF] Terminal Value 74.76% ; FCFF base≈129.6m ; Y1≈124.9m ; Y5≈121.7m
[DCF] Fair Price = 76.05 (EV 1.91b - Net Debt -1.48b = Equity 3.39b / Shares 44.5m; r=8.35% [WACC [floored]]; 5y FCF grow -4.86% → 2.50% )
EPS Correlation: -85.71 | EPS CAGR: -6.82% | SUE: -0.41 | # QB: 0
Revenue Correlation: 74.75 | Revenue CAGR: 3.68% | SUE: -0.13 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.83 | Chg30d=+0.00% | Revisions=-50% | Analysts=4
EPS current Year (2026-12-31): EPS=3.30 | Chg30d=+0.08% | Revisions=-50% | GrowthEPS=+7.9% | GrowthRev=+26.1%
EPS next Year (2027-12-31): EPS=3.95 | Chg30d=+0.51% | Revisions=-50% | GrowthEPS=+19.6% | GrowthRev=+7.3%
[Analyst] Revisions Ratio: -75% (up=0, down=9)