NOT FOR DISTRIBUTION
Header cover image

National Bank Holdings

Market Cap

US$1.2b

Last Updated

2021/04/16 22:47 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


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 less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NBHC's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

NBHC

0.03%

US Banks

1.3%

US Market


1 Year Return

71.1%

NBHC

70.3%

US Banks

53.9%

US Market

Return vs Industry: NBHC matched the US Banks industry which returned 70.3% over the past year.

Return vs Market: NBHC exceeded the US Market which returned 53.9% over the past year.


Shareholder returns

NBHCIndustryMarket
7 Day-0.9%0.03%1.3%
30 Day-2.5%0.7%3.3%
90 Day11.2%16.6%8.9%
1 Year75.6%71.1%76.0%70.3%56.6%53.9%
3 Year24.9%17.1%26.0%15.1%64.4%53.6%
5 Year114.0%96.6%97.2%72.0%120.4%95.7%

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

Valuation

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

13.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NBHC ($39.67) is trading above our estimate of fair value ($31.29)

Significantly Below Fair Value: NBHC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NBHC is poor value based on its PE Ratio (13.8x) compared to the US Banks industry average (13.3x).

PE vs Market: NBHC is good value based on its PE Ratio (13.8x) compared to the US market (22.5x).


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 (1.5x) compared to the US Banks industry average (1.1x).


Future Growth

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

-4.1%

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 (-4.1% per year).

Earnings vs Market: NBHC's earnings are forecast to decline over the next 3 years (-4.1% 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 (-2.7% per year).

High Growth Revenue: NBHC's revenue is forecast to decline over the next 3 years (-2.7% 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%).


Past Performance

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

40.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NBHC has high quality earnings.

Growing Profit Margin: NBHC's current net profit margins (28%) are lower than last year (29%).


Past Earnings Growth Analysis

Earnings Trend: NBHC's earnings have grown significantly by 40.2% per year over the past 5 years.

Accelerating Growth: NBHC's earnings growth over the past year (10.3%) is below its 5-year average (40.2% per year).

Earnings vs Industry: NBHC earnings growth over the past year (10.3%) exceeded the Banks industry 2.9%.


Return on Equity

High ROE: NBHC's Return on Equity (10.8%) 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 (8.1x) is low.

Allowance for Bad Loans: NBHC has a sufficient allowance for bad loans (293%).

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 (64%).

Low Risk Deposits: NBHC's Loans to Deposits ratio (76%) is appropriate.

Level of Bad Loans: NBHC has an appropriate level of bad loans (0.5%).


Dividend

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

2.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NBHC's dividend (2.12%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: NBHC's dividend (2.12%) is low compared to the top 25% of dividend payers in the US market (3.46%).


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 (28.3%), 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 (30.3% payout ratio).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Tim Laney (60 yo)

10.83yrs

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 ($USD2.64M) is below average for companies of similar size in the US market ($USD3.79M).

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 (2.8 years average tenure).


Board Members

Experienced Board: NBHC's board of directors are considered experienced (6.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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$1.226b
  • Shares outstanding: 30.54m
  • 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


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 22:47
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
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.