National Bank Holdings Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:NB9 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
11 Nov 24	Sell€42,202	Valerie Kramer	Individual	897	€47.05
03 Sep 24	Sell€147,793	Christopher Randall	Individual	3,750	€39.41
26 Aug 24	Sell€623,421	G. Laney	Individual	16,063	€38.81
23 Aug 24	Sell€11,005	Valerie Kramer	Individual	278	€39.59
23 Aug 24	Sell€394,704	Ralph Clermont	Individual	10,000	€39.47
22 Aug 24	Sell€153,406	Robert Dean	Individual	4,057	€37.81
20 Aug 24	Sell€144,041	Art Zeile	Individual	3,875	€37.17
30 Jul 24	Sell€1,461	G. Laney	Individual	37	€39.48
26 Jul 24	Sell€113,672	Patrick Sobers	Individual	2,862	€39.72
26 Jul 24	Sell€397,639	Ralph Clermont	Individual	10,000	€39.76

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of NB9?
Owner Type	Number of Shares	Ownership Percentage
State or Government	9,308	0.024%
Individual Insiders	875,526	2.26%
Institutions	37,877,102	97.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 84.64% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.5%	BlackRock, Inc.	5,528,720	€187.9m	0.61%	no data
11%	The Vanguard Group, Inc.	4,194,902	€142.6m	-0.84%	no data
7.61%	Wellington Management Group LLP	2,899,033	€98.5m	-1.49%	0.02%
7.49%	Victory Capital Management Inc.	2,851,786	€96.9m	2.62%	0.1%
6.09%	T. Rowe Price Group, Inc.	2,318,947	€78.8m	-1.37%	0.01%
5.48%	Dimensional Fund Advisors LP	2,088,499	€71.0m	-0.06%	0.01%
4.46%	State Street Global Advisors, Inc.	1,698,902	€57.7m	-9.71%	no data
3.81%	Westwood Management Corp.	1,450,227	€49.3m	30.1%	0.42%
2.34%	Segall Bryant & Hamill, LLC	891,437	€30.3m	-1.99%	0.48%
2.32%	Geode Capital Management, LLC	885,196	€30.1m	3.29%	no data
2.23%	Renaissance Technologies LLC	851,300	€28.9m	5.99%	0.05%
2.14%	Aristotle Capital Boston, LLC	814,319	€27.7m	-18.4%	1.52%
1.92%	Principal Global Investors, LLC	729,747	€24.8m	-2.88%	0.01%
1.49%	Boston Partners Global Investors, Inc.	567,150	€19.3m	40.6%	0.01%
1.42%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	539,825	€18.3m	0%	no data
1.34%	First Trust Advisors LP	510,563	€17.4m	286%	0.01%
1.26%	American Century Investment Management Inc	478,577	€16.3m	-1.76%	0.01%
1.15%	Northern Trust Global Investments	436,494	€14.8m	-0.82%	no data
1.1%	BNY Asset Management	418,004	€14.2m	-10.7%	no data
1.05%	Barrow, Hanley, Mewhinney & Strauss, LLC	400,323	€13.6m	-10.7%	0.05%
1.02%	Leeward Investments, LLC	390,439	€13.3m	12%	0.77%
0.96%	Charles Schwab Investment Management, Inc.	366,070	€12.4m	2.53%	no data
0.93%	Kennedy Capital Management LLC	352,767	€12.0m	-3.88%	0.31%
0.76%	Bridgeway Capital Management, LLC	290,844	€9.9m	0.91%	0.2%
0.76%	Qube Research & Technologies Ltd	288,482	€9.8m	43.5%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/19 00:04
End of Day Share Price	2025/05/19 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

National Bank Holdings Corporation is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeffrey Rulis	D.A. Davidson & Co.
Paul Miller	FBR Capital Markets & Co.
Ryan Nash	Goldman Sachs