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NBHC

National Bank Holdings Corporation

NBHC

NYSE·Financial Services·Banks - Regional·Mkt cap $1.7B

$44.51

▼ -1.04%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$35.06 - $45.63

P/E

16.13

Fwd P/E

12.83

Beta

0.78

Div Yield

2.78%

Avg Vol

380.6K

Shares Out

38.0M

Mkt Cap

$1.7B

Price action

Price chart

Up 14.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

5 reasons

  • Diversified loan portfolio across agriculture, government, non-profit, and specialty sectors reducing concentration risk
  • Strong regional presence in high-growth markets (Colorado, Kansas City, New Mexico, Utah, Texas)
  • Comprehensive treasury management platform enabling customer stickiness and cross-selling opportunities
  • Specialized lending expertise in niche markets (food and agriculture, government lending) with less competition
  • Community banking model with personalized service differentiating from larger national competitors
▼

Bear Case

2 risks

  • Low volatility (beta 0.8).
  • Growth premium of 1.1x vs Commercial Banking peers. Reasonable for this growth rate.

Growth

Stable outlook

Expansion in high-growth regional markets, particularly Texas and the Mountain West

Value

Growth premium of 1.1x vs Commercial Banking peers. Reasonable for this growth rate.

Momentum

Strong

+13.6% over 3m

Quality

Excellent

High-growth business (43% revenue growth, 71% gross margin). Profitable with strong growth momentum.

Dividend

Solid

2.78% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 28, 2026

“
Q2 26 RECAP

APR 21, 2026

Reported EPS of $0.72 vs $0.65 consensus (+10.8% surprise). Revenue of $126.8M vs $131.2M expected (-3.4%).

EPS beat +10.8%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+10.8%

Next: Jul 28, 2026

Revenue trend · last 8Q

—

—

-33%

+1%

+7%

+3%

-64%

+75%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$96.2M

$104.9M

$100.0M

$101.0M

$103.2M

$151.9M

$140.8M

$177.1M

Margins · last 8Q

Gross

69.3%

Operating

14.6%

Profit

11.7%

View full earnings history →

Wall Street consensus

2 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

100%

Hold

0%

Sell

0%

Median Price Target

$52.00

▲ +16.8% vs $44.51

Low $52.00
Median $52.00
High $52.00

Latest: Piper Sandler · $52.00 · Apr 27, 2026

1 analyst covering

View full analyst page →

vs Industry

How NBHC stacks vs Banks - Regional

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.