NBHC
National Bank Holdings Corporation Financial Services - Banks - Regional Investor Relations →
National Bank Holdings Corporation (NBHC) closed at $37.48 as of 2026-03-20, trading 4.1% above its 200-week moving average of $36.00. The stock is currently moving closer to the line, down from 8.0% last week. The 14-week RSI sits at 42, indicating neutral momentum.
A big spike in selling this week — 3.0x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 656 weeks of data, NBHC has crossed below its 200-week moving average 15 times. On average, these episodes lasted 9 weeks. Historically, investors who bought NBHC at the start of these episodes saw an average one-year return of +15.5%.
With a market cap of $1687 million, NBHC is a small-cap stock. Return on equity stands at 8.1%. The stock trades at 1.0x book value.
Over the past 12.7 years, a hypothetical investment of $100 in NBHC would have grown to $246, compared to $493 for the S&P 500. NBHC has returned 7.4% annualized vs 13.4% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -13.1% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: NBHC vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NBHC Crosses Below the Line?
Across 15 historical episodes, buying NBHC when it crossed below its 200-week moving average produced an average return of +16.1% after 12 months (median +12.0%), compared to +14.0% for the S&P 500 over the same periods. 83% of those episodes were profitable after one year. After 24 months, the average return was +38.5% vs +27.6% for the index.
Each line shows $100 invested at the moment NBHC crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NBHC has crossed below its 200-week MA 15 times with an average 1-year return of +15.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 2014 | Feb 2014 | 3 | 0.9% | -3.7% | +149.7% |
| Apr 2014 | May 2014 | 3 | 2.4% | +0.3% | +150.6% |
| Sep 2014 | Oct 2014 | 5 | 4.9% | +5.7% | +145.8% |
| Nov 2014 | Dec 2014 | 4 | 1.5% | +20.1% | +146.9% |
| Jan 2015 | May 2015 | 18 | 5.8% | +8.3% | +150.1% |
| May 2015 | Jun 2015 | 1 | 0.3% | +12.8% | +147.0% |
| Jan 2016 | Jan 2016 | 2 | 2.2% | +64.2% | +145.0% |
| Feb 2020 | Nov 2020 | 37 | 28.6% | +30.1% | +44.9% |
| Mar 2023 | Nov 2023 | 37 | 17.3% | +2.4% | +19.3% |
| Jan 2024 | Mar 2024 | 7 | 5.0% | +28.3% | +16.0% |
| Apr 2024 | May 2024 | 5 | 5.1% | +2.3% | +15.6% |
| Mar 2025 | May 2025 | 5 | 7.8% | N/A | +13.0% |
| May 2025 | Jun 2025 | 5 | 2.1% | N/A | +5.9% |
| Jul 2025 | Aug 2025 | 2 | 2.0% | N/A | +6.4% |
| Oct 2025 | Nov 2025 | 5 | 2.1% | N/A | +4.4% |
| Average | 9 | — | +15.5% | — |
Frequently Asked Questions
Is NBHC below its 200-week moving average?
No. National Bank Holdings Corporation (NBHC) is currently 4.1% above its 200-week moving average of $36.00. It would need to fall to $36.00 to cross below the line.
What is NBHC's 200-week moving average price?
National Bank Holdings Corporation's 200-week moving average is $36.00 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when NBHC drops below its 200-week moving average?
NBHC has crossed below its 200-week moving average 15 times in our data. On average, buying at that moment produced a one-year return of +15.5%. These dips have historically been decent entry points. These episodes lasted 9 weeks on average.
Is NBHC a good value right now?
Here's what our data says about NBHC as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 42. Return on equity is 8.1%. Price-to-book is 1.0x. This is not a buy or sell recommendation — always do your own research.
How does NBHC compare to the S&P 500?
Over the past 12.7 years, $100 invested in NBHC would have grown to $246, compared to $493 for the S&P 500. That's 7.4% annualized vs 13.4% for the index. NBHC has underperformed the broader market over this period.
Does NBHC pay a dividend?
Yes. National Bank Holdings Corporation currently pays a dividend yield of 342.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20