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National Bank Holdings Corporation (NBHC) — RQD Stock Rating Cockpit

$37.56 +0.21% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot)

National Bank Holdings Corporation (NBHC) earns a Roarable Rating of B (Buy) with 72/100 RQD Confidence. High-quality cash engine (steady margins, 8% return on capital) with steady institutional support. The company’s underlying cash engine and institutional positioning keep the composite score in the Green Buy zone.

ROARABLE B • BUY Cap $1.67B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

RQD QUANT TACHOMETERBUY • B

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C+ · Rk B+

Each axis scored 0–20

12M PRICE TARGET CONE+6.3% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NBHC)Realized 20D OHLCV Swing Band: ±4.4%

RSI-14 MOMENTUMNEUTRAL RANGE

37.630 Oversold · 70 Hot

ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)

3.80>3.0 Fortress Safe

PIOTROSKI F-SCOREWEAK QUALITY (1–4)

4 / 99-Pt Accounting

52-WEEK LASER RANGE20% OF RANGE

L: $35$37.56H: $47

1. Money & Cash Health● MIXED

Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: C-RQD 12 / 20

2. Big Money & Insiders● BUYING

Are whales & executives buying or selling?

Hedge funds and options traders are leaning bullish, showing strong institutional appetite.

Factor Grade: BRQD 29 / 40

3. Hidden Risks & Market Weather● ALL CLEAR

SEC fine-print scan & interest-rate fit

Clean SEC fine-print check with low hidden accounting risk and favorable interest-rate weather.

Factor Grade: B+RQD 31 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

JEV AI Jury Split (Battleground) on NBHC

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

NEUTRAL (60)

7.9% ROIC with 42.0% gross margin and 9.71% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

NEUTRAL (65)

Altman-Z 4.20 and Piotroski 4/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

BULLISH (78)

29/40 institutional & smart-money positioning score with 18/20 macro alignment.

Bull Case: Why Buyers Like NBHC

✓Company leadership has skin in the game with net positive insider conviction.

Bear Case: What Could Go Wrong

!Broader market pullbacks can still drag down strong stocks in the short run.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Quantitative Research Desk

Scheduled RQD Strong Buys & Whale Accumulation Briefing (NBHC Tape Review)

✓Breakdown of the highest-scoring RQD Green-Light breakouts across our 5,200+ rated universe
✓Forensic Red-Light accounting & dilution traps to review on your watchlist
✓Includes downloadable .ics calendar invite & nightly RQD rating-change email alerts

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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NBHC // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -12.04%▼ DESCENDING CHANNEL

2026-10-30O $37.83H $37.88L $37.25C $37.56VOL 538.1K

RES: $39.07SUP: $35.71SMA50: $39.71SMA200: $41.34

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NBHC Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NBHC Butterfly Map → + Track NBHC →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

7.6%/yr Implied 5Y Growth

vs. +2.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on NBHC today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NBHC. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for NBHC today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NBHC)

Financials Rank #96 of 1096 ⚔️ QCRH vs NBHC Full Matrix →

1. Head-to-Head Financials Peer Comparison (NBHC vs. QCRH, BFC, TCBK, LOB)

Industry: Major Banks (248 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, National Bank Holdings Corporation (NBHC) ranks #96 by composite RQD confidence (72/100, grade B) and #464 by equity capitalization ($1.67B). Within this direct 5-issuer industry benchmark cohort, QCRH leads on earnings valuation at 13.2x trailing P/E, while QCRH leads on capital efficiency and profitability with 11.4% ROIC and — gross margin. NBHC currently leads its immediate peer cohort in composite quantitative strength at 72/100 (B).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
NBHC ACTIVE National Bank Holdings Corporation	B	72/100	15.3x	—	7.9%	+0.21%	$1.67B	Benchmark Subject
QCRH QCR Holdings Inc.	C+	69/100	13.2x	—	11.4%	+1.37%	$1.68B	/qcrh-vs-nbhc →
BFC Bank First Corporation	D+	55/100	23.4x	—	11.1%	+1.85%	$1.67B	/bfc-vs-nbhc →
TCBK TriCo Bancshares	C	65/100	14.1x	—	9.2%	+0.87%	$1.71B	/tcbk-vs-nbhc →
LOB Live Oak Bancshares Inc.	B-	71/100	15.3x	—	8.5%	+1.18%	$1.62B	/lob-vs-nbhc →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001475841

In its most recent audited fiscal period (FY2025, filed 2025-12-31), National Bank Holdings Corporation (NBHC) reported GAAP revenue of $47.1M (+2.1% vs. FY2024 revenue of $46.2M , and +0.5% cumulative change since FY2023) , GAAP net income of $109.6M, operating cash flow of $162.4M, and free cash flow of $162.4M (+4.6% YoY). On the balance sheet, NBHC closed FY2025 with $9.88B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 4/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$47.1M	$109.6M	$162.4M	$162.4M	$9.88B	—
FY2024 (FY)	2024-12-31	$46.2M	$118.8M	$155.3M	$155.3M	$9.81B	—
FY2023 (FY)	2023-12-31	$46.9M	$142.0M	$166.9M	$166.9M	—	—

3. NBHC Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NBHC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, National Bank Holdings Corporation (NYSE: NBHC) is rated B (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 72/100 at a spot price of $37.56 (+0.21% 1D, market cap $1.67B). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 13/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 18/20, and SEC Balance-Sheet Forensics 16/20. Across 1096 tracked Financials issuers, NBHC ranks #96 in composite RQD confidence.

How does NBHC compare to QCRH and BFC in the Financials sector?

Within the Financials sector (Major Banks), NBHC carries a Roarable B (72/100 RQD), trailing P/E of 15.3x, gross margin of —, and ROIC of 7.9%. By comparison, QCRH (QCR Holdings Inc.) holds a C+ grade (69/100 RQD, P/E 13.2x, ROIC 11.4%, cap $1.68B) and BFC (Bank First Corporation) posts a D+ grade (55/100 RQD, P/E 23.4x, ROIC 11.1%, cap $1.67B). Among the 5-stock peer group, QCRH leads on earnings multiple (13.2x) while QCRH leads on capital efficiency (11.4% ROIC).

What are the biggest fundamental strengths and SEC risk factors for NBHC?

Per NBHC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001475841), National Bank Holdings Corporation generated $47.1M in revenue (+2.1% YoY), $109.6M in net income, and $162.4M in free cash flow against $9.88B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is NBHC trading relative to its 50-day, 200-day, and 52-week technical levels?

NBHC last traded at $37.56 (+0.21% on volume of 408,208 shares), positioning the stock -5.41% below its 50-day simple moving average ($39.71) and -9.14% below its 200-day simple moving average ($41.34). Across its 52-week range of $35.06 to $47.28, NBHC sits at the 20.5% percentile with a 14-day RSI of 37.6 (NEUTRAL RANGE) and an implied next-earnings move of ±4.4% ($35.91 to $39.21).

NBHC Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell NBHC stock right now?

National Bank Holdings Corporation (NBHC) currently earns a Roarable Rating of B (Buy — BUY) with 72/100 RQD Confidence. High-quality cash engine (steady margins, 8% return on capital) with steady institutional support.

What is NBHC's 12-month price target and RQD AI Jury consensus?

NBHC's 12-month base price target is $39.93 (range $30.8 to $49.64), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: NBHC RQD Cockpit NBHC 12M Forecast NBHC Earnings & Move NBHC Dividends & DRIP NBHC Insiders & 13F NBHC Whale Options NBHC Profit Sankey NBHC News & Why