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NBHC

National Bank HoldingsNYSE:NBHC Stock Report

Last Price

US$44.74

Market Cap

US$1.3b

7D

-5.6%

1Y

24.3%

Updated

21 Jan, 2022

Data

Company Financials +
NBHC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends3/6

NBHC Stock Overview

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States.

National Bank Holdings Competitors

Western Alliance Bancorporation

NYSE:WAL

US$11.4b

Pacific Premier Bancorp

NasdaqGS:PPBI

US$3.8b

Cathay General Bancorp

NasdaqGS:CATY

US$3.4b

First BanCorp

NYSE:FBP

US$3.0b

Price History & Performance

Summary of all time highs, changes and price drops for National Bank Holdings
Historical stock prices
Current Share PriceUS$44.74
52 Week HighUS$47.93
52 Week LowUS$33.10
Beta0.96
1 Month Change3.49%
3 Month Change2.76%
1 Year Change24.28%
3 Year Change39.42%
5 Year Change34.56%
Change since IPO128.27%

Recent News & Updates

Jan 05
Here's Why I Think National Bank Holdings (NYSE:NBHC) Is An Interesting Stock

Here's Why I Think National Bank Holdings (NYSE:NBHC) Is An Interesting Stock

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

NBHCUS BanksUS Market
7D-5.6%-8.1%-6.1%
1Y24.3%24.9%4.2%

Return vs Industry: NBHC underperformed the US Banks industry which returned 28% over the past year.

Return vs Market: NBHC exceeded the US Market which returned 6.6% over the past year.

Price Volatility

Is NBHC's price volatile compared to industry and market?
NBHC volatility
NBHC Average Weekly Movement3.5%
Banks Industry Average Movement3.9%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

Stable Share Price: NBHC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NBHC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20091,195Tim Laneyhttps://www.nationalbankholdings.com

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits. The company also provides commercial and industrial loans and leases, such as working capital loans, equipment loans, lender finance loans, food and agriculture loans, government and non-profit loans, owner occupied commercial real estate loans, and other commercial loans and leases; non-owner occupied commercial real estate loans consisting of loans on commercial properties, such as office buildings, warehouse/distribution buildings, multi-family, hospitality, and retail buildings; small business administration loans to support manufacturers, distributors, and service providers; term loans, line of credits, and real estate secured loans; residential real estate loans; and consumer loans.

National Bank Holdings Fundamentals Summary

How do National Bank Holdings's earnings and revenue compare to its market cap?
NBHC fundamental statistics
Market CapUS$1.33b
Earnings (TTM)US$97.87m
Revenue (TTM)US$311.05m

13.6x

P/E Ratio

1.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NBHC income statement (TTM)
RevenueUS$311.05m
Cost of RevenueUS$0
Gross ProfitUS$311.05m
ExpensesUS$213.18m
EarningsUS$97.87m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 21, 2022

Earnings per share (EPS)3.28
Gross Margin100.00%
Net Profit Margin31.46%
Debt/Equity Ratio6.0%

How did NBHC perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

27%

Payout Ratio

Valuation

Is National Bank Holdings undervalued compared to its fair value and its price relative to the market?

34.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NBHC ($44.74) is trading below our estimate of fair value ($68.73)

Significantly Below Fair Value: NBHC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NBHC is poor value based on its PE Ratio (13.6x) compared to the US Banks industry average (11x).

PE vs Market: NBHC is good value based on its PE Ratio (13.6x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: NBHC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NBHC is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1.2x).


Future Growth

How is National Bank Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-0.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NBHC's earnings are forecast to decline over the next 3 years (-0.1% per year).

Earnings vs Market: NBHC's earnings are forecast to decline over the next 3 years (-0.1% per year).

High Growth Earnings: NBHC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NBHC's revenue (3% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: NBHC's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NBHC's Return on Equity is forecast to be low in 3 years time (9.9%).


Past Performance

How has National Bank Holdings performed over the past 5 years?

32.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NBHC has high quality earnings.

Growing Profit Margin: NBHC's current net profit margins (31.5%) are higher than last year (26.6%).


Past Earnings Growth Analysis

Earnings Trend: NBHC's earnings have grown significantly by 32.1% per year over the past 5 years.

Accelerating Growth: NBHC's earnings growth over the past year (21.1%) is below its 5-year average (32.1% per year).

Earnings vs Industry: NBHC earnings growth over the past year (21.1%) underperformed the Banks industry 43.4%.


Return on Equity

High ROE: NBHC's Return on Equity (11.6%) is considered low.


Financial Health

How is National Bank Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: NBHC's Assets to Equity ratio (8.4x) is low.

Allowance for Bad Loans: NBHC has a sufficient allowance for bad loans (383%).

Low Risk Liabilities: 98% of NBHC's liabilities are made up of primarily low risk sources of funding.

Loan Level: NBHC has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: NBHC's Loans to Deposits ratio (71%) is appropriate.

Level of Bad Loans: NBHC has an appropriate level of bad loans (0.3%).


Dividend

What is National Bank Holdings's current dividend yield, its reliability and sustainability?

1.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NBHC's dividend (1.97%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: NBHC's dividend (1.97%) is low compared to the top 25% of dividend payers in the US market (3.55%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NBHC has been paying a dividend for less than 10 years.

Growing Dividend: NBHC's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.4%), NBHC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NBHC's dividends in 3 years are forecast to be well covered by earnings (31.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Tim Laney (61 yo)

11.58yrs

Tenure

US$2,638,125

Compensation

Mr. G. Timothy Laney, also known as Tim, has been the Chief Executive Officer and President of National Bank Holdings Corp. (NBH) at Bank Midwest, National Association since June 2010. Mr. Laney serves as...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD2.64M) is about average for companies of similar size in the US market ($USD3.73M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NBHC's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: NBHC's board of directors are seasoned and experienced ( 11.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: NBHC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

National Bank Holdings Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: National Bank Holdings Corporation
  • Ticker: NBHC
  • Exchange: NYSE
  • Founded: 2009
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$1.334b
  • Shares outstanding: 29.82m
  • Website: https://www.nationalbankholdings.com

Number of Employees


Location

  • National Bank Holdings Corporation
  • 7800 East Orchard Road
  • Suite 300
  • Greenwood Village
  • Colorado
  • 80111
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:51
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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 here.