| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$44.74 |
| 52 Week High | US$47.93 |
| 52 Week Low | US$33.10 |
| Beta | 0.96 |
| 1 Month Change | 3.49% |
| 3 Month Change | 2.76% |
| 1 Year Change | 24.28% |
| 3 Year Change | 39.42% |
| 5 Year Change | 34.56% |
| Change since IPO | 128.27% |
Recent News & Updates
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
| NBHC | US Banks | US Market | |
|---|---|---|---|
| 7D | -5.6% | -8.1% | -6.1% |
| 1Y | 24.3% | 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
| NBHC volatility | |
|---|---|
| NBHC Average Weekly Movement | 3.5% |
| Banks Industry Average Movement | 3.9% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.6% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 1,195 | Tim Laney | https://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
| NBHC fundamental statistics | |
|---|---|
| Market Cap | US$1.33b |
| Earnings (TTM) | US$97.87m |
| Revenue (TTM) | US$311.05m |
13.6x
P/E Ratio1.6x
P/B RatioIs NBHC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NBHC income statement (TTM) | |
|---|---|
| Revenue | US$311.05m |
| Cost of Revenue | US$0 |
| Gross Profit | US$311.05m |
| Expenses | US$213.18m |
| Earnings | US$97.87m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 21, 2022
| Earnings per share (EPS) | 3.28 |
| Gross Margin | 100.00% |
| Net Profit Margin | 31.46% |
| Debt/Equity Ratio | 6.0% |
How did NBHC perform over the long term?
See historical performance and comparisonDividends
2.0%
Current Dividend Yield27%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:51 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.