NBHC
National Bank Holdings Corporation
NYSEUSDEQUITY
Financial Services
DELAYED
Neutral
-19/100
Last price
38.26
▲ 0.47 (1.24%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
37.98
Prev close
37.79
Day high
38.61
Day low
37.85
Volume
645.80K
Market cap
$1.69B
P/E (TTM)
15.88
52W range
35.06 – 47.28
Day trading desk
Gap from prior close
+0.50%
Prior close 37.79
VWAP
38.27
-0.03% from price
Relative volume
2.79×
Unusually busy
Session range
2.03%
37.84 – 38.61
Position in range
55%
Mid range
ATR (14D)
0.73
1.91% of price
Prior day high
38.13
PDH
Prior day low
37.63
PDL
Bid / ask spread
—
Quote not published
Session volume
1.20M
Avg 430.62K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-2.47%
-4.4%
1M
-9.06%
-10.2%
3M
-11.31%
-15.8%
6M
-4.64%
-22.8%
YTD
+0.66%
-13.6%
1Y
-0.05%
-16.5%
3Y
+28.56%
-53.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
11 more panels on NBHC open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+91.61K
Net buying
Buy transactions
10
92.57K shares
Sell transactions
1
963 shares
Net transactions
+11
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
2.58M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 11, 26 | LANEY G TIMOTHY Chief Executive Officer |
CONVERSION | 63.73K | $2.12M | Direct |
| May 20, 26 | SPRING MARIA F Director |
SELL | 963 | $40.29K | Direct |
| May 7, 26 | ZEILE ARTHUR H Director |
STOCK | 3.15K | $0 | Direct |
| May 7, 26 | DEAN ROBERT E Director |
STOCK | 3.15K | $0 | Direct |
| May 7, 26 | CLERMONT RALPH W Director |
STOCK | 3.62K | $0 | Direct |
| May 7, 26 | SPRING MARIA F Director |
STOCK | 3.15K | $0 | Direct |
| May 7, 26 | JOSEPH FRED J Director |
STOCK | 3.15K | $0 | Direct |
| May 7, 26 | SOBERS PATRICK G Director |
STOCK | 3.15K | $0 | Direct |
| May 7, 26 | GUPTA ALKA Director |
STOCK | 3.15K | $0 | Direct |
| May 7, 26 | DOYLE ROBIN ANN Director |
STOCK | 3.15K | $0 | Direct |
| May 7, 26 | MCLAUGHLIN KIRK A. Director |
STOCK | 3.15K | $0 | Direct |
| Mar 17, 26 | LANEY G TIMOTHY Chief Executive Officer |
STOCK | 33.33K | $0 | Direct |
| Mar 17, 26 | NEWFIELD RICHARD U JR Officer |
STOCK | 2.78K | $0 | Direct |
| Mar 17, 26 | BIRKANS ALDIS President |
STOCK | 15.52K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BIRKANS ALDIS |
President | 264.44K | Stock Award(Grant) |
CLERMONT RALPH W |
Director | 79.16K | Stock Award(Grant) |
DEAN ROBERT E |
Director | 35.54K | Stock Award(Grant) |
JOSEPH FRED J |
Director | 27.64K | Stock Award(Grant) |
LANEY G TIMOTHY |
Chief Executive Officer | 691.59K | Conversion of Exercise of derivative security |
NEWFIELD RICHARD U JR |
Officer | 153.77K | Stock Award(Grant) |
PETRUCCI ANGELA NICOLE |
Officer | 24.40K | Stock Award(Grant) |
SOBERS PATRICK G |
Director | 25.09K | Stock Award(Grant) |
SPRING MARIA F |
Director | 37.16K | Sale |
STEINMETZ JOHN |
Officer | 536.50K | Purchase |
Fundamentals
Market cap$1.69B
Enterprise value$1.65B
Revenue (TTM)$452.27M
Gross profit$452.27M
EBITDA—
Net income$97.40M
EPS (TTM)$2.41
Free cash flow—
Total cash$411.35M
Total debt$354.01M
Book value / share$37.48
Shares outstanding44.29M
Float42.53M
Short % of float5.28%
Dividend yield3.39%
Beta (5Y)0.83
Valuation & profitability ratios
Trailing P/E15.88
Forward P/E9.66
PEG ratio1.57
Price / sales—
Price / book1.02
EV / revenue3.64
EV / EBITDA—
Gross margin0.00%
Operating margin28.57%
Profit margin21.80%
Return on equity6.53%
Return on assets0.87%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $411.58M | $401.43M | $420.10M | $328.67M | +2.5% |
| Operating revenue | $411.58M | $401.43M | $420.10M | $328.67M | +2.5% |
| Selling, general & admin | $157.03M | $155.62M | $148.71M | $130.91M | +0.9% |
| Pre-tax income | $133.63M | $145.25M | $175.60M | $86.18M | -8.0% |
| Tax provision | $24.05M | $26.43M | $33.55M | $14.91M | -9.0% |
| Net income | $109.57M | $118.81M | $142.05M | $71.27M | -7.8% |
| Net income to common | $108.69M | $118.49M | $141.81M | $71.12M | -8.3% |
| Basic EPS | 2.86 | 3.10 | 3.74 | 2.20 | -7.7% |
| Diluted EPS | 2.85 | 3.08 | 3.72 | 2.18 | -7.5% |
| Basic shares | 38.31M | 38.33M | 37.98M | 32.40M | -0.0% |
| Diluted shares | 38.45M | 38.58M | 38.18M | 32.69M | -0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $417.06M | $127.85M | $190.83M | $195.50M | +226.2% |
| Property, plant & equipment | $214.55M | $196.77M | $162.73M | $136.11M | +9.0% |
| Goodwill & intangibles | $354.38M | $364.48M | $372.07M | $339.02M | -2.8% |
| Total assets | $9.88B | $9.81B | $9.95B | $9.57B | +0.8% |
| Long-term debt | $54.54M | $104.51M | $394.20M | $438.89M | -47.8% |
| Total debt | $54.54M | $104.51M | $394.20M | $438.89M | -47.8% |
| Total liabilities | $8.50B | $8.50B | $8.74B | $8.48B | -0.0% |
| Retained earnings | $572.46M | $508.86M | $433.13M | $330.72M | +12.5% |
| Shareholder equity | $1.39B | $1.31B | $1.21B | $1.09B | +6.1% |
| Net tangible assets | $1.03B | $940.60M | $840.74M | $753.18M | +9.6% |
| Shares issued | 51.18M | 51.20M | 51.25M | 51.32M | -0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $109.57M | $118.81M | $142.05M | $71.27M | -7.8% |
| Depreciation & amortisation | $28.10M | $24.19M | $23.85M | $16.45M | +16.2% |
| Stock-based compensation | $7.25M | $8.05M | $7.22M | $6.06M | -9.9% |
| Change in working capital | $6.83M | $5.65M | -$9.89M | -$31.44M | +21.0% |
| Operating cash flow | $162.42M | $155.27M | $166.94M | $214.63M | +4.6% |
| Capital expenditure | -$29.92M | -$34.59M | -$36.83M | -$12.43M | +13.5% |
| Investing cash flow | $186.49M | $64.66M | -$404.03M | -$752.14M | +188.4% |
| Share buybacks | -$15.17M | $0 | $0 | $0 | — |
| Dividends paid | -$46.05M | -$42.95M | -$39.64M | -$30.45M | -7.2% |
| Financing cash flow | -$59.70M | -$284.41M | $230.90M | -$114.20M | +79.0% |
| Free cash flow | $132.50M | $120.68M | $130.10M | $202.20M | +9.8% |
| End cash position | $417.06M | $127.85M | $192.33M | $198.52M | +226.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $127.74M | $125.70M | $99.55M | $107.86M | $103.21M | +1.6% |
| Operating revenue | $127.74M | $125.70M | $99.55M | $107.86M | $103.21M | +1.6% |
| Selling, general & admin | $57.69M | $59.83M | $40.93M | $39.77M | $39.70M | -3.6% |
| Pre-tax income | $32.61M | $25.94M | $19.09M | $43.15M | $41.54M | +25.7% |
| Tax provision | $6.12M | $5.15M | $3.05M | $7.86M | $7.52M | +18.8% |
| Net income | $26.49M | $20.79M | $16.04M | $35.28M | $34.02M | +27.4% |
| Net income to common | $26.06M | $20.40M | $15.95M | $34.98M | $33.73M | +27.7% |
| Basic EPS | 0.58 | 0.46 | 0.42 | 0.92 | 0.89 | +26.1% |
| Diluted EPS | 0.58 | 0.46 | 0.42 | 0.92 | 0.88 | +26.1% |
| Basic shares | 44.67M | 44.44M | 37.80M | 37.91M | 38.08M | +0.5% |
| Diluted shares | 44.92M | 44.61M | 37.92M | 38.03M | 38.15M | +0.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $380.70M | $472.79M | $417.06M | $555.56M | $296.48M | -19.5% |
| Property, plant & equipment | $234.14M | $235.67M | $214.55M | $211.44M | $209.41M | -0.6% |
| Goodwill & intangibles | $520.04M | $522.07M | $354.38M | $356.38M | $358.54M | -0.4% |
| Total assets | $12.59B | $12.61B | $9.88B | $10.15B | $10.00B | -0.2% |
| Long-term debt | $327.00M | $202.14M | $54.54M | $54.74M | $239.38M | +61.8% |
| Total debt | $327.00M | $202.14M | $54.54M | $54.74M | $239.38M | +61.8% |
| Total liabilities | $10.92B | $10.95B | $8.50B | $8.78B | $8.65B | -0.3% |
| Retained earnings | $590.44M | $578.52M | $572.46M | $568.28M | $544.43M | +2.1% |
| Shareholder equity | $1.67B | $1.66B | $1.39B | $1.37B | $1.35B | +0.3% |
| Net tangible assets | $1.15B | $1.14B | $1.03B | $1.02B | $993.96M | +0.5% |
| Shares issued | 44.54M | 57.90M | 51.18M | 51.16M | 51.16M | -23.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $26.49M | $20.79M | $16.04M | $35.28M | $34.02M | +27.4% |
| Depreciation & amortisation | $11.14M | $8.96M | $8.27M | $7.58M | $5.92M | +24.4% |
| Stock-based compensation | $7.07M | $6.35M | $1.41M | $2.15M | $1.99M | +11.3% |
| Change in working capital | $93.58M | -$94.30M | $5.71M | $13.08M | $3.02M | +199.2% |
| Operating cash flow | $135.13M | -$56.83M | $38.06M | $52.39M | $32.34M | +337.8% |
| Capital expenditure | -$4.14M | -$5.49M | -$8.01M | -$5.90M | -$5.84M | +24.6% |
| Investing cash flow | -$258.15M | $46.55M | $20.57M | $206.66M | $86.74M | -654.6% |
| Share buybacks | -$11.13M | -$16.11M | -$2.13M | -$8.80M | -$4.24M | +30.9% |
| Dividends paid | -$14.52M | -$14.74M | -$11.80M | -$11.44M | -$11.52M | +1.5% |
| Financing cash flow | $30.92M | $66.02M | -$197.13M | $18.00K | -$68.90M | -53.2% |
| Free cash flow | $130.99M | -$62.32M | $30.04M | $46.49M | $26.50M | +310.2% |
| End cash position | $380.70M | $472.79M | $417.06M | $555.56M | $296.48M | -19.5% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
25.00
-34.7% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
-12.5%
Calls bid over puts
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
25.00
0 contracts
Heaviest put OI
40.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.81 | 0.78 | -3.7% |
| Mar 2026 | 0.65 | 0.72 | +10.8% |
| Dec 2025 | 0.82 | 0.60 | -26.6% |
| Sep 2025 | 0.85 | 0.92 | +8.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.84 | 4 | $136.41M | +23.0% |
| Next quarter | 0.96 | 4 | $139.34M | +35.7% |
| Current year | 3.12 | 4 | $534.68M | +26.1% |
| Next year | 3.96 | 4 | $574.27M | +7.4% |
Analyst targets & ownership
Mean target$46.00
High target$49.00
Low target$43.00
Implied upside20.23%
Analyst count4
ConsensusBUY
Strong buy / Buy1 / 1
Hold2
Sell / Strong sell0 / 0
Held by insiders5.79%
Held by institutions95.96%
Institutions holding326
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
39.14
-2.24% from price
SMA 20
40.16
-4.73% from price
SMA 50
41.47
-7.74% from price
SMA 100
42.38
-9.71% from price
SMA 200
41.46
-7.71% from price
EMA 12
39.23
-2.47% from price
EMA 26
40.19
-4.79% from price
EMA 50
41.09
-6.88% from price
RSI (14)
26.6
Oversold
MACD (12,26,9)
-0.96
Hist -0.19
ATR (14)
0.73
1.91% of price
Realised vol 30D
14.4%
Annualised
Bollinger upper
42.63
20, 2σ
Bollinger lower
37.69
20, 2σ
50 / 200 cross
Golden
41.47 vs 41.46
Trend bias
Below 200
-7.71%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.55
Less volatile than market
Correlation to SPY
0.30
Largely independent
Realised vol 30D
14.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-19.7%
Peak to trough
Max drawdown 5Y
-44.3%
Peak to trough
ATR 14
0.73
1.91% of price
Beta (reported)
0.83
5Y monthly, from filing
Short interest
Shares short
1.92M
Prior 1.77M
Change vs prior
+8.7%
Shorts adding
% of float
5.28%
Normal
% of shares out
4.32%
Against total outstanding
Days to cover
5.8
Crowded exit
Float
42.53M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 5, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Oct 1, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Jul 27, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Jul 23, 26 | Stephens & Co. | MAINTAINED | Overweight | Overweight |
| Apr 27, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Apr 22, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Apr 6, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Feb 19, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Jan 29, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Jan 28, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Sep 17, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 24, 25 | DA Davidson | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate$1.28 / yr
Forward yield3.39%
5-year avg yield2.65%
Payout ratio52.52%
Ex-dividend dateAug 28, 2026
Next pay dateSep 15, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-01
Periodic Financial Reports
10-Q · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-07-27
Corporate Changes & Voting Matters
8-K · 2026-07-21
Annual report of employee stock purchase
11-K · 2026-05-20
Offering Registrations
S-8 · 2026-05-14
Corporate Changes & Voting Matters
8-K · 2026-05-12
Headlines
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.