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NBHC

National Bank Holdings NYSE:NBHC Stock Report

Last Price

US$38.85

Market Cap

US$1.2b

7D

0.9%

1Y

-5.6%

Updated

22 May, 2022

Data

Company Financials +
NBHC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance2/6
Financial Health6/6
Dividends5/6

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

Summary of all time highs, changes and price drops for National Bank Holdings
Historical stock prices
Current Share PriceUS$38.85
52 Week HighUS$48.24
52 Week LowUS$34.11
Beta0.90
1 Month Change0.41%
3 Month Change-15.03%
1 Year Change-5.64%
3 Year Change5.92%
5 Year Change26.18%
Change since IPO98.21%

Recent News & Updates

Apr 22
Analyst Estimates: Here's What Brokers Think Of National Bank Holdings Corporation (NYSE:NBHC) After Its First-Quarter Report

Analyst Estimates: Here's What Brokers Think Of National Bank Holdings Corporation (NYSE:NBHC) After Its First-Quarter Report

National Bank Holdings Corporation ( NYSE:NBHC ) came out with its first-quarter results last week, and we wanted to...

Shareholder Returns

NBHCUS BanksUS Market
7D0.9%-1.5%-2.7%
1Y-5.6%-19.9%-12.9%

Return vs Industry: NBHC exceeded the US Banks industry which returned -19.9% over the past year.

Return vs Market: NBHC exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is NBHC's price volatile compared to industry and market?
NBHC volatility
NBHC Average Weekly Movement4.5%
Banks Industry Average Movement4.0%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: NBHC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NBHC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20091,137Tim 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$1.17b
Earnings (TTM)US$85.01m
Revenue (TTM)US$285.34m

13.7x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NBHC income statement (TTM)
RevenueUS$285.34m
Cost of RevenueUS$0
Gross ProfitUS$285.34m
Other ExpensesUS$200.33m
EarningsUS$85.01m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.83
Gross Margin100.00%
Net Profit Margin29.79%
Debt/Equity Ratio8.6%

How did NBHC perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

32%

Payout Ratio

Does NBHC pay a reliable dividends?

See NBHC dividend history and benchmarks
When do you need to buy NBHC by to receive an upcoming dividend?
National Bank Holdings dividend dates
Ex Dividend DateMay 26 2022
Dividend Pay DateJun 15 2022
Days until Ex dividend2 days
Days until Dividend pay date22 days

Does NBHC pay a reliable dividends?

See NBHC dividend history and benchmarks

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NBHC ($38.85) is trading below our estimate of fair value ($88.59)

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 (13.7x) compared to the US Banks industry average (9.7x).

PE vs Market: NBHC is good value based on its PE Ratio (13.7x) compared to the US market (15.2x).


Price to Earnings Growth Ratio

PEG Ratio: NBHC is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: NBHC is overvalued based on its PB Ratio (1.4x) 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?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


38.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NBHC's forecast earnings growth (38.5% per year) is above the savings rate (1.9%).

Earnings vs Market: NBHC's earnings (38.5% per year) are forecast to grow faster than the US market (12.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NBHC's revenue (26.5% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: NBHC's revenue (26.5% per year) is forecast to grow faster 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 (12.2%).


Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NBHC has high quality earnings.

Growing Profit Margin: NBHC's current net profit margins (29.8%) are lower than last year (30.1%).


Past Earnings Growth Analysis

Earnings Trend: NBHC's earnings have grown significantly by 26.4% per year over the past 5 years.

Accelerating Growth: NBHC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NBHC had negative earnings growth (-14.5%) over the past year, making it difficult to compare to the Banks industry average (20.9%).


Return on Equity

High ROE: NBHC's Return on Equity (10.4%) 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 Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: NBHC's Assets to Equity ratio (9x) is low.

Allowance for Bad Loans: NBHC has a sufficient allowance for bad loans (440%).

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 (63%).

Low Risk Deposits: NBHC's Loans to Deposits ratio (73%) is appropriate.

Level of Bad Loans: NBHC has an appropriate level of bad loans (0.2%).


Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.37%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 23 2022Ex Dividend DateMay 26 2022Dividend Pay DateJun 15 202220 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: NBHC's dividend (2.37%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: NBHC's dividend (2.37%) is low compared to the top 25% of dividend payers in the US market (4.11%).


Stability and Growth of Payments

Stable Dividend: NBHC's dividends per share have been stable in the past 10 years.

Growing Dividend: NBHC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.3%), 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 (23.8% payout ratio).


Discover strong dividend paying companies

Management

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

3.8yrs

Average management tenure


CEO

Tim Laney (61 yo)

11.92yrs

Tenure

US$3,009,547

Compensation

Mr. G. Timothy c, 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 the...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD3.01M) is about average for companies of similar size in the US market ($USD3.94M).

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 (3.8 years average tenure).


Board Members

Experienced Board: NBHC's board of directors are seasoned and experienced ( 11.9 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 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$1.167b
  • Shares outstanding: 30.05m
  • 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 Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.