National Bank Holdings Ownership

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

Recent Insider Transactions

NYSE:NBHC Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
27 May 25	SellUS$43,202	Micho Spring	Individual		1,167	US$37.02
11 Nov 24	SellUS$44,949	Valerie Kramer	Individual		897	US$50.11

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 NBHC?
Owner Type	Number of Shares	Ownership Percentage
State or Government	9,308	0.0235%
Individual Insiders	870,098	2.2%
Institutions	38,665,492	97.8%

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

Top Shareholders

Top 25 shareholders own 84.96% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.7%	BlackRock, Inc.	5,539,371	US$200.3m	0.19%	no data
11.1%	The Vanguard Group, Inc.	4,192,830	US$151.6m	-0.05%	no data
7.43%	Victory Capital Management Inc.	2,809,196	US$101.6m	-1.49%	0.06%
6.6%	Wellington Management Group LLP	2,494,109	US$90.2m	-14%	0.01%
5.48%	Dimensional Fund Advisors LP	2,071,216	US$74.9m	-0.83%	0.01%
5.44%	T. Rowe Price Group, Inc.	2,055,713	US$74.3m	-11.4%	0.01%
4.54%	State Street Global Advisors, Inc.	1,718,009	US$62.1m	1.12%	no data
4.15%	Westwood Management Corp.	1,570,981	US$56.8m	8.33%	0.4%
2.39%	Geode Capital Management, LLC	903,808	US$32.7m	2.1%	no data
2.39%	Segall Bryant & Hamill, LLC	902,490	US$32.6m	1.24%	0.41%
2.29%	Renaissance Technologies LLC	864,300	US$31.2m	1.53%	0.04%
2%	Aristotle Capital Boston, LLC	755,793	US$27.3m	-7.19%	1.37%
1.77%	Assenagon Asset Management S.A.	669,492	US$24.2m	0%	0.03%
1.72%	Principal Global Investors, LLC	651,233	US$23.5m	-10.8%	0.01%
1.61%	Millennium Management LLC	607,687	US$22.0m	205%	0.02%
1.41%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	533,610	US$19.3m	-2.27%	no data
1.34%	Boston Partners Global Investors, Inc.	506,556	US$18.3m	0%	0.01%
1.29%	First Trust Advisors LP	489,342	US$17.7m	-4.16%	0.01%
1.19%	Leeward Investments, LLC	451,726	US$16.3m	15.7%	0.81%
1.13%	American Century Investment Management Inc	427,749	US$15.5m	-10.6%	0.01%
1.1%	Northern Trust Global Investments	415,010	US$15.0m	-4.92%	no data
1.08%	Charles Schwab Investment Management, Inc.	406,964	US$14.7m	0%	no data
1.07%	Maltese Capital Management, LLC	405,000	US$14.6m	62%	2.1%
0.97%	DePrince, Race & Zollo, Inc.	368,530	US$13.3m	0%	0.26%
0.84%	Kennedy Capital Management LLC	318,905	US$11.5m	-9.6%	0.25%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/31 21:57
End of Day Share Price	2025/10/31 00:00
Earnings	2025/09/30
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 11 analysts. 4 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.
null null	D.A. Davidson & Co.
Ryan Nash	Goldman Sachs