Lumida
/NBHC
⌘K
National Bank Holdings Corp

National Bank Holdings Corp

NBHC
$41.76USD↑+0.46%+0.19 today

MARKET CAP

1.9B

P/E (TTM)

15.1x

FWD P/E

11.0x

DAY RANGE

$41 – $42

52W RANGE

$35
$47

AI Summary

Stalk
Sell NowMedium

NBHC remains in a Stage 4 decline, trading below the 9-, 20-, and 50-day EMAs after a support failure in mid-August. The bearish pattern and inability to reclaim near-term EMAs point to continued downside risk, so we sell now, looking to participate in relief rallies up into the 20-day EMA and 50-day SMA as optimal execution zones. A decisive weekly close above the 20-day EMA would invalidate the bearish bias, while a breakdown below the 200-day SMA would accelerate the decline.

  • ↑Q2 net income rose 33% QoQ to $35.3M ($0.78/share)
  • ↑Record $927M in loan originations, driving 10% YTD growth
  • ↓P/E of 19.5x well above industry average of 12x
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

National Bank Holdings Corporation (NYSE: NBHC) operates as a bank holding company that provides various banking services across the United States. The company is noted for its focus on establishing full banking relationships with clients and has experienced significant growth through strategic plays like the recent acquisition of the VISTA financial entity. With a consistent focus on expanding digital banking capabilities and performance metrics, NBHC aims to enhance operational efficiencies and diversify revenue streams, which positions it well within the context of evolving banking trends.

Bull says

  • ↑Q2 net income rose 33% QoQ to $35.3M ($0.78/share)
  • ↑Record $927M in loan originations, driving 10% YTD growth
  • ↑Net interest margin stable at 3.94%, targeting ~4% forward
  • ↑Launched 2UniFi digital platform to expand fee revenue streams
  • ↑Quarterly dividend of $0.32 marks 10+ year payout consistency
  • ↑Strong earnings yield and book-to-price ratio suggest undervaluation

Bear says

  • ↓P/E of 19.5x well above industry average of 12x
  • ↓Negative profitability factors signal potential margin erosion ahead
  • ↓VISTA acquisition integration delays may offset expected expense synergies
  • ↓Negative growth revisions point to waning earnings momentum
  • ↓Heavy reliance on fee income risks revenue in downturns
  • ↓Low hedge fund ownership and high size factor imply institutional caution

Investment themes with NBHC

Regional Banks↓ -1.16%

FLG · TCBI · ZION

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 07-24-2025bullish

Transcript signals

Bull points

  • $31.4 million, or 82 cents, of earnings per diluted share.
  • we expect to meet our full year loan portfolio growth guidance of mid-single digits.
  • Deposit balances during the quarter grew $327 million on a spot basis and $90 million on an average balance basis.

Bear points

  • our loan balances decreased $130 million, or 1.7%.
  • our commercial lines of credit utilization entered the quarter at historically low levels.
  • We experienced a slow start with loan production early in the quarter with business clients deferring action in anticipation of the Federal Reserve lowering interest rates.
Read full transcript analysis ›