National Bank Holdings
Market Cap
US$1.1b
Last Updated
2021/01/19 23:40 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 6.8% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has National Bank Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NBHC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: NBHC's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
1.1%
NBHC
-0.4%
US Banks
-0.4%
US Market
1 Year Return
0.1%
NBHC
-7.3%
US Banks
19.5%
US Market
Return vs Industry: NBHC exceeded the US Banks industry which returned -7.2% over the past year.
Return vs Market: NBHC underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| NBHC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | -0.4% | -0.4% |
| 30 Day | 10.2% | 13.4% | 2.3% |
| 90 Day | 18.3% | 38.1% | 12.7% |
| 1 Year | 2.8%0.1% | -3.8%-7.3% | 22.3%19.5% |
| 3 Year | 11.6%4.9% | 0.9%-7.7% | 44.4%34.8% |
| 5 Year | 101.7%85.8% | 93.5%69.0% | 128.7%103.3% |
Long-Term Price Volatility Vs. Market
How volatile is National Bank Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
Analyst Forecasts Just Became More Bearish On National Bank Holdings Corporation (NYSE:NBHC)1 month ago | Simply Wall St
Executive VP Christopher Randall Just Sold A Bunch Of Shares In National Bank Holdings Corporation (NYSE:NBHC)1 month ago | Simply Wall St
Why You Might Be Interested In National Bank Holdings Corporation (NYSE:NBHC) For Its Upcoming DividendValuation
Is National Bank Holdings undervalued compared to its fair value and its price relative to the market?
15.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NBHC ($35.69) is trading below our estimate of fair value ($42.87)
Significantly Below Fair Value: NBHC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NBHC is poor value based on its PE Ratio (13.7x) compared to the US Banks industry average (12.3x).
PE vs Market: NBHC is good value based on its PE Ratio (13.7x) compared to the US market (21x).
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 (1.4x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is National Bank Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-6.8%
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 (-6.8% per year).
Earnings vs Market: NBHC's earnings are forecast to decline over the next 3 years (-6.8% per year).
High Growth Earnings: NBHC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NBHC's revenue is expected to decline over the next 3 years (-2.4% per year).
High Growth Revenue: NBHC's revenue is forecast to decline over the next 3 years (-2.4% 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 (8.2%).
Next Steps
Past Performance
How has National Bank Holdings performed over the past 5 years?
43.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NBHC has high quality earnings.
Growing Profit Margin: NBHC's current net profit margins (26.6%) are lower than last year (28.7%).
Past Earnings Growth Analysis
Earnings Trend: NBHC's earnings have grown significantly by 43.2% per year over the past 5 years.
Accelerating Growth: NBHC's earnings growth over the past year (3.6%) is below its 5-year average (43.2% per year).
Earnings vs Industry: NBHC earnings growth over the past year (3.6%) exceeded the Banks industry -4.4%.
Return on Equity
High ROE: NBHC's Return on Equity (10.1%) is considered low.
Next Steps
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 (8.3x) is low.
Allowance for Bad Loans: NBHC has a sufficient allowance for bad loans (323%).
Low Risk Liabilities: 97% 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 (68%).
Low Risk Deposits: NBHC's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: NBHC has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is National Bank Holdings's current dividend yield, its reliability and sustainability?
2.21%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NBHC's dividend (2.24%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: NBHC's dividend (2.24%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.7%), 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 (34.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average management tenure
CEO
Tim Laney (60 yo)
10.58yrs
Tenure
US$2,725,553
Compensation
Mr. G. Timothy Laney, also known as Tim, has been the Chief Executive Officer and President of National Bank Holdings Corp. (NBH) at Bank Midwest, National Association since June 2010. Mr. Laney serves as ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD2.73M) is about average for companies of similar size in the US market ($USD2.41M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.58yrs | US$2.73m | 1.98% $ 21.9m | |
| Executive VP | 2.42yrs | US$806.29k | 0.043% $ 475.4k | |
| Executive VP & Chief Risk Management Officer | 10yrs | US$945.14k | 0.38% $ 4.2m | |
| President of Bank Midwest | 2.58yrs | no data | 0.014% $ 158.7k | |
| Executive VP | 0.50yr | no data | 0.017% $ 183.7k | |
| Market Manager of Commercial Banking & Director of Treasury Management | 1.83yrs | no data | no data | |
| EVP, Head of Bus. & Consumer Banking | 4yrs | US$501.24k | 0.045% $ 492.5k | |
| EVP ,Chief Client Executive & Deposit Operations Executive | 2yrs | no data | 0.057% $ 628.9k | |
| EVP, Head of Residential Banking | 1yr | US$794.64k | 0.086% $ 952.9k |
2.4yrs
Average Tenure
59yo
Average Age
Experienced Management: NBHC's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.58yrs | US$2.73m | 1.98% $ 21.9m | |
| EVP, Head of Bus. & Consumer Banking | 4yrs | US$501.24k | 0.045% $ 492.5k | |
| EVP ,Chief Client Executive & Deposit Operations Executive | 2yrs | no data | 0.057% $ 628.9k | |
| Independent Director | 4.5yrs | US$170.00k | 0.037% $ 414.1k | |
| Independent Director | 11.25yrs | US$170.00k | 0.11% $ 1.2m | |
| Independent Director | 11.25yrs | US$190.00k | 0.087% $ 961.2k | |
| Independent Director | 11.58yrs | US$190.00k | 0.11% $ 1.3m | |
| Executive VP | 4yrs | US$617.24k | 0.016% $ 174.5k | |
| Independent Director | 6.5yrs | US$170.00k | 0.051% $ 560.1k | |
| Independent Lead Director | 6.67yrs | US$225.00k | 0.26% $ 2.9m |
6.6yrs
Average Tenure
67.5yo
Average Age
Experienced Board: NBHC's board of directors are considered experienced (6.6 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 company bio, 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
- Market Cap: US$1.106b
- Shares outstanding: 30.60m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NBHC | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Sep 2012 |
| NB9 | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Sep 2012 |
Biography
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 Unite...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:40 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.