National Bank Holdings trades at a forward P/E of 10.4x with a PEG of 0.19 and 34% revenue growth, backed by a strong golden-cross technical pattern and 3 out of 4 recent earnings beats, though the stock has already reached analyst price targets leaving limited near-term upside.
Thesis pillars
- Strong Revenue Growth Low Peg→Stable
- Earnings Beat Consistency↓Deteriorating
- Breakout Technical Setup→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 24, 2026
National Bank Holdings Corporat (NBHC) Stock Analysis
Inst Constrain edge
Financial Services · Banks - Regional
Sell if holding. Analyst target reached at $37.48 — A.R:R is negative (-0.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3).
National Bank Holdings Corporation is a bank holding company operating over 90 banking centers across Colorado, the greater Kansas City region, Texas, Utah, Wyoming, New Mexico, and Idaho, with $9.9 billion in assets at December 31, 2025. Revenue flows primarily through net... Read more
Sell if holding. Analyst target reached at $37.48 — A.R:R is negative (-0.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3). Chart setup: No clear chart pattern; technical signals are mixed. Score 6.2/10, moderate confidence.
Passes 5/8 gates (positive momentum, clean insider activity, earnings proximity 89d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About National Bank Holdings Corporat
About National Bank Holdings Corporat
National Bank Holdings Corporation held $9.9 billion in total assets and $8.3 billion in deposits across over 90 banking centers at December 31, 2025, serving commercial and consumer clients in Colorado, the greater Kansas City region, Texas, Utah, Wyoming, New Mexico, and Idaho. NBH Bank, a Colorado state-chartered FRB of Kansas City member, anchors the franchise alongside BOJHT, with $1.3 billion in trust and wealth management assets under management. The Vista Bank acquisition closed January 7, 2026, adding $2.5 billion in assets.
National Bank Holdings generates net interest income from a loan portfolio spanning commercial and industrial, owner-occupied and non-owner-occupied commercial real estate, SBA-backed business loans, residential mortgage, and consumer categories. Fee income from the company's trust and wealth management arm (operated under Wyoming charter as Bank of Jackson Hole Trust and Bank of Jackson Hole Trust and Wealth Partners) and from mortgage banking gains on sale diversify the revenue base. Deposit funding prioritizes core checking, savings, and money market accounts gathered through branch relationships, supplemented by Cambr — a digital deposit acquisition platform aggregating funds from third-party embedded finance companies and providing an alternative to traditional wholesale funding. The company launched the first phase of the 2UniFi digital banking platform in July 2025, targeting small and medium-sized businesses with SBA working capital loans and automated nightly sweep deposit accounts.
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Geographic concentration in Mountain West and Midcontinent markets ties loan performance and deposit stability to regional economic cycles in Colorado, Kansas, Missouri, Texas, Utah, Wyoming, New Mexico, and Idaho. Item 1A flags that the company's operations are sensitive to these core-market economic conditions, and that growing reliance on Cambr program deposits could become a material funding concentration risk if that channel displaces core deposit growth. The FHLB of New York advance program provides a supplemental liquidity backstop, but if competitive pressure on deposit pricing were to accelerate outflows, the company's basic surplus measure may fall below its stated minimum policy level.
See also: Financial Services · Banks - Regional
From National Bank Holdings Corporat's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-10-29Recent Developments — National Bank Holdings Corporat
Latest news
- NEWS National Bank Holdings (NYSE:NBHC) Reacts to Russell 1000 Bank Moves? - Kalkine Media — Kalkine Media neutral
- NEWS A Look At National Bank Holdings (NBHC) Valuation After Mixed First Quarter Earnings Beat - simplywall.st — simplywall.st positive
- NEWS NBHC stock hits 52-week high at 45.65 USD - Investing.com — Investing.com positive
- NEWS NBHC stock hits 52-week high at 45.65 USD By Investing.com - Investing.com Canada — Investing.com Canada positive
- NEWS National Bank Holdings (NBHC) Misses Q3 Earnings and Revenue Estimates - Yahoo Finance — Yahoo Finance negative
Generated 2026-10-29T11:20:25Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-05-12Item 5.02LOWShareholders approved amended and restated 2023 Omnibus Incentive Plan on May 7, 2026, increasing reserved shares to 2,525,000 and adding restrictions on share recycling. Terms otherwise materially unchanged. No executive departure or succession involved.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers·1 ceiling hit
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $37.48 — A.R:R is negative (-0.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $35.86. Score 6.2/10, moderate confidence.
Analyst target $37.40 reached (−0.2% from $37.48); no take-profit level is published. Prior stop was $35.86. Stop-loss: $35.86.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3); Consecutive earnings misses (3).
National Bank Holdings Corporat trades at a P/E of 29.7 (forward 9.6). TrendMatrix value score: 7.1/10. Verdict: Sell.
10 analysts cover NBHC with a consensus score of 3.9/5. Average price target: $44.
What does National Bank Holdings Corporat do?National Bank Holdings Corporation is a bank holding company operating over 90 banking centers across Colorado, the...
National Bank Holdings Corporation is a bank holding company operating over 90 banking centers across Colorado, the greater Kansas City region, Texas, Utah, Wyoming, New Mexico, and Idaho, with $9.9 billion in assets at December 31, 2025. Revenue flows primarily through net interest income on $7.4 billion in loans and $8.3 billion in deposits, supplemented by fee income from $1.3 billion in trust and wealth management assets.