NBHCNYSENational Commercial BanksFiscal year ends December 31
National Bank Holdings Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$37.50−0.42 (-1.11%)
Close on Oct 19, 2026
- Market cap
- $1.68B
- P/E (TTM)
- 15.8
- Dividend yield
- 3.20%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
92.6%
41M of 45M shares
Institutional holders
224
35 new, 22 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
1 buys · 2 sales
Net bought $731.04K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 6,327,142 | 14.10% | 13G (passive) amendment | Jun 30, 2026 |
| Wellington Investment Advisors Holdings LLP | 2,942,823 | 7.70% | 13G (passive) amendment | Dec 31, 2024 |
| Vanguard Portfolio Management | 2,613,403 | 5.80% | 13G (passive) | Mar 31, 2026 |
| William Blair Investment Management, LLC | 2,558,216 | 5.70% | 13G (passive) | Mar 31, 2026 |
| Wellington Group Holdings LLP | 2,494,109 | 6.50% | 13G (passive) amendment | Jun 30, 2025 |
| Dimensional Fund Advisors LP | 2,459,995 | 5.50% | 13G (passive) | Sep 30, 2026 |
| State Street Corporation | 2,319,666 | 5.20% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 2,241,828 | 5.00% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NBHC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6,496,044 | 14.58% | $288.62M | +983,290 | 0.00% |
| Vanguard Portfolio Management LLC | 2,738,063 | 6.15% | $121.65M | +148,471 | 0.01% |
| William Blair Investment Management, LLC | 2,497,817 | 5.61% | $110.98M | +22,956 | 0.33% |
| State Street Corp | 2,319,666 | 5.21% | $103.06M | +142,289 | 0.00% |
| Dimensional Fund Advisors LP | 2,237,135 | 5.02% | $99.40M | +136,191 | 0.02% |
| Vanguard Capital Management LLC | 1,911,985 | 4.29% | $84.95M | +65,137 | 0.00% |
| Charles Schwab Investment Management Inc | 1,686,848 | 3.79% | $74.95M | +142,320 | 0.01% |
| T. Rowe Price Investment Management, Inc. | 1,379,133 | 3.10% | $61.28K | +203,756 | 0.04% |
| Wellington Management Group Llp | 1,300,690 | 2.92% | $57.79M | −943,298 | 0.01% |
| Westwood Holdings Group Inc | 1,276,350 | 2.87% | $56.71M | −144,540 | 0.43% |
| Geode Capital Management, LLC | 1,136,925 | 2.55% | $50.52M | +121,861 | 0.00% |
| Deprince Race & Zollo Inc | 903,660 | 2.03% | $40.15M | −158,611 | 0.67% |
| Segall Bryant & Hamill, LLC | 863,917 | 1.94% | $38.38M | −21,453 | 0.46% |
| Renaissance Technologies LLC | 715,453 | 1.61% | $31.79M | −78,647 | 0.04% |
| Two Sigma Investments, LP | 689,242 | 1.55% | $30.62M | +116,509 | 0.02% |
| Kennedy Capital Management LLC | 666,354 | 1.50% | $29.61M | −17,527 | 0.52% |
| Nuveen, LLC | 573,039 | 1.29% | $25.46M | −66,181 | 0.01% |
| Endeavour Capital Advisors Inc | 556,478 | 1.25% | $24.72M | −19,198 | 5.07% |
| Leeward Investments, LLC - MA | 508,755 | 1.14% | $22.60M | −11,165 | 1.03% |
| Northern Trust Corp | 494,192 | 1.11% | $21.96M | +66,799 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 224 | 41M | 92.6% | 35 / 71 | 84 / 22 | 4M | 4M |
| Q1 2026 | 216 | 41M | 92.8% | 37 / 93 | 58 / 44 | 14M | 6M |
| Q4 2025 | 228 | 37M | 84.0% | 42 / 77 | 83 / 19 | 4M | 4M |
| Q3 2025 | 207 | 37M | 83.5% | 33 / 88 | 56 / 14 | 4M | 4M |
| Q2 2025 | 188 | 37M | 83.0% | 27 / 72 | 62 / 16 | 2M | 2M |
| Q1 2025 | 179 | 37M | 82.9% | 26 / 57 | 69 / 13 | 3M | 2M |
| Q4 2024 | 167 | 37M | 83.2% | 25 / 59 | 55 / 10 | 1M | 2M |
| Q3 2024 | 152 | 38M | 85.0% | 19 / 48 | 61 / 15 | 8M | 2M |
| Q2 2024 | 149 | 37M | 83.0% | 20 / 46 | 62 / 20 | 4M | 2M |
| Q1 2024 | 150 | 36M | 80.4% | 15 / 48 | 60 / 11 | 2M | 2M |
| Q4 2023 | 147 | 36M | 79.9% | 13 / 59 | 51 / 15 | 3M | 1M |
| Q3 2023 | 149 | 34M | 75.9% | 13 / 44 | 69 / 8 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NBHC | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,692,615 | 6.05% | $119.63M | 0.11% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,356,257 | 3.05% | $60.26M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,112,556 | 2.50% | $49.43M | 0.06% | Jun 30, 2026 |
| Schwab U.S. Dividend Equity ETF | 1,072,738 | 2.41% | $44.87M | 0.05% | May 31, 2026 |
| Vanguard Small-Cap Index Fund | 974,988 | 2.19% | $43.32M | 0.02% | Jun 30, 2026 |
| T. Rowe Price Small-Cap Value Fund, Inc. | 707,844 | 1.59% | $31.45M | 0.30% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 618,173 | 1.39% | $27.47M | 0.04% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 575,548 | 1.29% | $25.57M | 0.54% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 513,981 | 1.15% | $22.84M | 0.02% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 477,649 | 1.07% | $20.63M | 0.06% | Jul 31, 2026 |
| American Beacon Small Cap Value Fund | 462,294 | 1.04% | $19.97M | 0.53% | Jul 31, 2026 |
| William Blair Small Cap Growth Fund | 413,930 | 0.93% | $18.39M | 1.50% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 411,796 | 0.92% | $18.30M | 0.11% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Value ETF | 385,237 | 0.86% | $17.12M | 0.21% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 373,389 | 0.84% | $16.59M | 0.11% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| G. Timothy Laney | CHIEF EXECUTIVE OFFICER, Director | 716,414 | 1.61% | Aug 13, 2026 |
| John Steinmetz | Fmr Exec Mng Dir of Strat Init | 762,045 | 1.71% | Aug 5, 2026 |
| Aldis Birkans | PRESIDENT | 261,186 | 0.59% | Apr 30, 2026 |
| Emily Gooden | CHIEF ACCOUNTING OFFICER | 3,857 | 0.01% | Apr 30, 2026 |
| Daniel L. Sznewajs | CHIEF CORP DEV OFFICER & TREAS | 5,549 | 0.01% | Apr 30, 2026 |
| Richard U. Newfield Jr. | CHIEF RISK MGMT OFFICER | 151,785 | 0.34% | Apr 30, 2026 |
| Angela Nicole Petrucci | CHIEF ADMIN OFFICER | 23,074 | 0.05% | Apr 30, 2026 |
| Denabeele Nicole Van | CHIEF FINANCIAL OFFICER | 18,552 | 0.04% | Apr 30, 2026 |
| Valerie D. Kramer | Chief Digital Officer | 11,816 | 0.03% | Mar 4, 2025 |
| Maria F. Spring | Director | 37,157 | 0.08% | May 21, 2026 |
| Kirk McLaughlin | Director | 1,566,348 | 3.52% | May 8, 2026 |
| Art Zeile | Director | 19,816 | 0.04% | May 8, 2026 |
| Robert E. Dean | Director | 51,935 | 0.12% | May 8, 2026 |
| Ralph W. Clermont | Director | 79,159 | 0.18% | May 8, 2026 |
| Fred J. Joseph | Director | 27,642 | 0.06% | May 8, 2026 |
| Patrick G. Sobers | Director | 25,092 | 0.06% | May 8, 2026 |
| Alka Gupta | Director | 12,963 | 0.03% | May 8, 2026 |
| Robin Ann Doyle | Director | 7,720 | 0.02% | May 8, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| G. Timothy Laney CHIEF EXECUTIVE OFFICER, Director | Aug 11, 2026 | Option exercise | +26,683 | $34.04 | $908.29K | 714,141 |
| G. Timothy Laney CHIEF EXECUTIVE OFFICER, Director | Aug 11, 2026 | Option exercise | +37,042 | $32.65 | $1.21M | 751,183 |
| G. Timothy Laney CHIEF EXECUTIVE OFFICER, Director | Aug 11, 2026 | Tax withholding | −23,503 | $43.19 | $1.02M | 727,680 |
| G. Timothy Laney CHIEF EXECUTIVE OFFICER, Director | Aug 11, 2026 | Tax withholding | −31,957 | $43.19 | $1.38M | 691,590 |
| John Steinmetz Exec Mng Dir of Strategic Init | Jun 15, 2026 | Tax withholding | −3,127 | $42.92 | $134.21K | 533,377 |
| Maria F. Spring Director | May 20, 2026 | Sale | −963 | $41.84 | $40.29K | 37,157 |
| Robin Ann Doyle Director | May 7, 2026 | Award | +3,153 | – | – | 7,720 |
| Art Zeile Director | May 7, 2026 | Award | +3,153 | – | – | 19,816 |
| Ralph W. Clermont Director | May 7, 2026 | Award | +3,620 | – | – | 4,749 |
| Kirk McLaughlin Director | May 7, 2026 | Award | +3,153 | – | – | 7,349 |
| Maria F. Spring Director | May 7, 2026 | Award | +3,153 | – | – | 38,120 |
| Patrick G. Sobers Director | May 7, 2026 | Award | +3,153 | – | – | 7,893 |
| Fred J. Joseph Director | May 7, 2026 | Award | +3,153 | – | – | 27,642 |
| Robert E. Dean Director | May 7, 2026 | Award | +3,153 | – | – | 35,538 |
| Alka Gupta Director | May 7, 2026 | Award | +3,153 | – | – | 4,906 |
| Robin Ann Doyle Director | May 6, 2026 | Tax withholding | −663 | $42.96 | $28.48K | 4,567 |
| Art Zeile Director | May 6, 2026 | Tax withholding | −686 | $42.96 | $29.47K | 16,663 |
| Ralph W. Clermont Director | May 6, 2026 | Tax withholding | −807 | $42.96 | $34.67K | 1,129 |
| Kirk McLaughlin Director | May 6, 2026 | Tax withholding | −312 | $42.96 | $13.40K | 4,196 |
| Maria F. Spring Director | May 6, 2026 | Tax withholding | −696 | $42.96 | $29.90K | 34,967 |
| Patrick G. Sobers Director | May 6, 2026 | Tax withholding | −580 | $42.96 | $24.92K | 4,740 |
| Fred J. Joseph Director | May 6, 2026 | Tax withholding | −686 | $42.96 | $29.47K | 24,489 |
| Robert E. Dean Director | May 6, 2026 | Tax withholding | −613 | $42.96 | $26.33K | 32,385 |
| Alka Gupta Director | May 6, 2026 | Tax withholding | −729 | $42.96 | $31.32K | 1,753 |
| Richard U. Newfield Jr. CHIEF RISK MGMT OFFICER | Apr 28, 2026 | Tax withholding | −1,981 | $43.27 | $85.72K | 151,785 |
| Daniel L. Sznewajs CHIEF CORP DEV OFFICER & TREAS | Apr 28, 2026 | Tax withholding | −254 | $43.27 | $10.99K | 5,549 |
| G. Timothy Laney CHIEF EXECUTIVE OFFICER, Director | Apr 28, 2026 | Tax withholding | −8,006 | $43.27 | $346.42K | 687,458 |
| Denabeele Nicole Van CHIEF FINANCIAL OFFICER | Apr 28, 2026 | Tax withholding | −679 | $43.27 | $29.38K | 18,552 |
| Emily Gooden CHIEF ACCOUNTING OFFICER | Apr 28, 2026 | Tax withholding | −232 | $43.27 | $10.04K | 3,857 |
| Angela Nicole Petrucci CHIEF ADMIN OFFICER | Apr 28, 2026 | Tax withholding | −1,329 | $43.27 | $57.51K | 23,074 |
| Aldis Birkans PRESIDENT | Apr 28, 2026 | Tax withholding | −3,259 | $43.27 | $141.02K | 261,186 |
| Angela Nicole Petrucci CHIEF ADMIN OFFICER | Mar 17, 2026 | Award | +4,178 | – | – | 24,403 |
| G. Timothy Laney CHIEF EXECUTIVE OFFICER, Director | Mar 17, 2026 | Award | +33,326 | – | – | 695,464 |
| Aldis Birkans PRESIDENT | Mar 17, 2026 | Award | +15,523 | – | – | 264,445 |
| Emily Gooden CHIEF ACCOUNTING OFFICER | Mar 17, 2026 | Award | +517 | – | – | 4,089 |
| Richard U. Newfield Jr. CHIEF RISK MGMT OFFICER | Mar 17, 2026 | Award | +2,781 | – | – | 153,766 |
| Daniel L. Sznewajs CHIEF CORP DEV OFFICER & TREAS | Mar 17, 2026 | Award | +3,250 | – | – | 5,803 |
| Denabeele Nicole Van CHIEF FINANCIAL OFFICER | Mar 17, 2026 | Award | +5,821 | – | – | 19,231 |
| Angela Nicole Petrucci CHIEF ADMIN OFFICER | Mar 1, 2026 | Award | +1,402 | – | – | 20,918 |
| Angela Nicole Petrucci CHIEF ADMIN OFFICER | Mar 1, 2026 | Tax withholding | −693 | $39.99 | $27.71K | 20,225 |
| Richard U. Newfield Jr. CHIEF RISK MNGMT OFFICER | Mar 1, 2026 | Tax withholding | −1,040 | $39.99 | $41.59K | 150,985 |
| Richard U. Newfield Jr. CHIEF RISK MNGMT OFFICER | Mar 1, 2026 | Award | +2,104 | – | – | 152,025 |
| G. Timothy Laney CHIEF EXECUTIVE OFFICER, Director | Mar 1, 2026 | Award | +9,075 | – | – | 664,789 |
| G. Timothy Laney CHIEF EXECUTIVE OFFICER, Director | Mar 1, 2026 | Tax withholding | −2,651 | $39.99 | $106.01K | 662,138 |
| Aldis Birkans PRESIDENT | Mar 1, 2026 | Award | +2,971 | – | – | 250,218 |
| Aldis Birkans PRESIDENT | Mar 1, 2026 | Tax withholding | −1,296 | $39.99 | $51.83K | 248,922 |
| Denabeele Nicole Van CHIEF FINANCIAL OFFICER | Mar 1, 2026 | Award | +568 | – | – | 13,679 |
| Denabeele Nicole Van CHIEF FINANCIAL OFFICER | Mar 1, 2026 | Tax withholding | −269 | $39.99 | $10.76K | 13,410 |
| Angela Nicole Petrucci CHIEF ADMIN OFFICER | Feb 24, 2026 | Option exercise | +675 | $19.56 | $13.20K | 19,911 |
| Angela Nicole Petrucci CHIEF ADMIN OFFICER | Feb 24, 2026 | Tax withholding | −448 | $40.19 | $18.01K | 19,463 |
| John Steinmetz Exec Mng Dir of Strategic Init | Feb 11, 2026 | Buy | +24,200 | $41.41 | $1.00M | 536,504 |
| Aldis Birkans PRESIDENT | Feb 11, 2026 | Option exercise | +3,080 | $19.56 | $60.24K | 249,503 |
| Aldis Birkans PRESIDENT | Feb 11, 2026 | Tax withholding | −2,256 | $41.53 | $93.69K | 247,247 |
| John Steinmetz Exec Mng Dir of Strategic Init | Jan 30, 2026 | Award | +12,444 | – | – | 512,304 |
| Aldis Birkans PRESIDENT | Jan 7, 2026 | Award | +189,825 | – | – | 246,423 |
| Kirk McLaughlin Director | Jan 7, 2026 | Award | +3,530 | – | – | 3,530 |
| Kirk McLaughlin Director | Jan 7, 2026 | Award | +978 | – | – | 4,508 |
| Kirk McLaughlin Director | Jan 7, 2026 | Award | +377,982 | – | – | 377,982 |
| Kirk McLaughlin Director | Jan 7, 2026 | Award | +14,645 | – | – | 597,831 |
| Kirk McLaughlin Director | Jan 7, 2026 | Award | +205,204 | – | – | 583,186 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Spring Micho Director | May 20, 2026 | 963 | $40.21K | May 20, 2026 | In Lieu of Services |
| Spring Micho Director | Nov 12, 2025 | 6,214 | $230.54K | Nov 11, 2025 | In Lieu of Services |
| Valerie D. Kramer Officer | Nov 8, 2024 | 897 | $40.88K | Nov 8, 2024 | Stock Grant and Compensation |
| D. Kramer Valerie Officer | Nov 8, 2024 | 1,275 | $63.75K | Nov 8, 2024 | Employee Stock Option Award |
| U. Jr. Newfield Richard Officer | Nov 8, 2024 | 19,259 | $972.77K | Nov 8, 2024 | Employee Stock Option Award |
| Brendan W. Zahl Officer | Nov 7, 2024 | 3,400 | $171.12K | Nov 7, 2024 | Employee Stock Award |
| Christopher S. Randall Officer | Sep 3, 2024 | 3,750 | $162.30K | Sep 3, 2024 | Restricted Stock Grants |
| Ralph W. Clermont Member of immediate family of any of the foregoing | Aug 23, 2024 | 10,000 | $420.30K | Aug 23, 2024 | Equity Compensation |
| Denabeele Nicole Van Officer | Aug 22, 2024 | 2,652 | $112.08K | Aug 22, 2024 | Stock Option Grant |
| Robert E. Dean Director | Aug 22, 2024 | 4,057 | $169.90K | Aug 22, 2024 | Compensation |
| Art Zeile Director | Aug 20, 2024 | 3,875 | $160.02K | Aug 20, 2024 | Equity Compensation |
| Valerie D. Kramer Officer | Aug 1, 2024 | 500 | $20.09K | Aug 1, 2024 | ESPP |
| Laney George Officer | Jul 30, 2024 | 16,100 | $692.14K | Jul 30, 2024 | Acquired as compensation -- Performance Stock Awards |
| G. Timothy Laney Officer | Jul 29, 2024 | 49,763 | $2.12M | Jul 29, 2024 | Stock Option Grant |
| Patrick G. Sobers Officer | Jul 26, 2024 | 18,738 | $807.54K | Jul 26, 2024 | RSU Grant |