National Bank Holdings stock
NBHCNYSENational Bank Holdings Corporation, Financial ServicesISIN US6337071046
46Score 46 out of 100, Weak
Price and trend
36 / 100
Price history
−0.1% in one yearThe chart shows daily closes over 14 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 10% below it.
Since October 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 34).
The price is 21% below its 52-week high. Largest decline in 14 years: 50% (August 2018 to March 2020).
Chart figures for advanced users
- SMA 50$38.99
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$41.19
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)34
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$35.59
- The lowest closing price of the last twelve months.
- Resistance$47.08
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- National Bank Holdings Corporation belongs to the Banks (Regional) industry (United States) and, with a market value of $1.63B, is number 264 of 422 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $412.67M (up 2.8% year on year) and earnings of $109.57M (down 7.8%).
- For fiscal 2026, analysts expect on average revenue of $535.28M (up 29.7%) and adjusted earnings per share of $2.54 (down 17.4%).
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- MEQIRI Score 46 out of 100 (Weak): rank 896 of 976 in Financial Services, median 68.
- The P/E is 30.4 because earnings over the last twelve months collapsed; on the expected earnings of the next twelve months it is 9.9 (Banks (Regional) median 12.2). The P/E therefore does not count in the score.
- Our model puts fair value at $38.14, with the price 3% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Analysts expect strong earnings growthUp 25.1% a year through 2028 (estimates from 3 analysts).
- Reliable dividendNo dividend cut for 13 years.
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 66
Weaknesses
- DilutionShare count up 24% since 2020.Capital allocation 29
- Low return on equityReturn on equity 3.4% over the last 12 months.Profitability 23
Its standout strength is stability, while capital allocation and profitability hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What lowers it
- calm price action
Valuation
Valuation signal
Fairly valuedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $31.78 and expensive above $47.67 (uncertainty low, based on the price swings of the past year).
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $31.78, at 7.8% it would be $47.67.
Valuation metrics
From the excess return model alone; after a one-off collapse in earnings there is no industry value.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 16.8% on the twelve months before. Revenue has grown strongly since 2009, at around 53% per year.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 35%, net 27%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out. Last 12 months: net 11%.
Debt & balance sheet
latest quarterFor banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 26 Jan 2027in 75 days
- Last reported
- 27 Oct 2026EPS reported $0.06 (expected $0.79)below expectations
Analyst estimates
Analysts have cut their 2026 earnings estimate by 15.6% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $2.54−15.6%
- Revenue
- $535.28M+0.1%
- Earnings per share
- $3.94−0.3%
- Revenue
- $570.38M−0.7%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook mixed
Share price after the results: −3.6%National Bank Holdings confirms its 10% loan growth target for 2026 and expects lower costs, but the Q4 fee income guidance of $17-18 million is lighter than previously implied, with analysts asking about this weakness, partly tied to mortgage.
“We expect fourth quarter fee income to be in the range of $17 million-$18 million.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 28 Oct 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 2 insiders sold, $190,012 in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at National Bank Holdings
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
976 rated companies in Financial Services
- This company
- 46
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Banks (Regional)
The next larger and next smaller companies by market value
- Hope BancorpHOPE $1.68B53
- Bank FirstBFC $1.66B68
- TriCo BancsharesTCBK $1.66B65
- ConnectOne BancorpCNOB $1.65B66
- Caisse Regionale de Credit Agricole Mutuel Nord de France Cert.Coop.d'Inv.CNDF.PA $1.63B63
- Esquire Financial HoldingsESQ $1.61B81
- Live Oak BancsharesLOB $1.59B61
- Pathward FinancialCASH $1.56B76
ETFs that hold National Bank Holdings
Held by 14 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.09% | 0.30% | €2.28B |
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.06% | 0.30% | €185.82M |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.05% | 0.30% | €4.22B |
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| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.05% | 0.30% | €2.17B |
| WisdomTree US Equity Income UCITS ETF EUR Hedged AccWTDY | 0.04% | 0.35% | €204.34M |
| WisdomTree US High Dividend UCITS ETF AccWTD9 | 0.04% | 0.29% | €182.46M |
| State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETFZPRV | 0.04% | 0.30% | €944.34M |
| iShares MSCI World Small Cap UCITS ETFIUSN | 0.01% | 0.35% | €8.19B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 28 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.