National Bank Holdings stock gets a Zacks rating upgrade

Published on 10/08/2026 at 03:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Bank Holdings stock was last at USD 37.70 on October 7, 2026, down 1.46 percent. Q2 net income reached USD 26.5 million, down 22 percent year over year.

NBHC, US6337071046, Illustration mit AI erstellt.

National Bank Holdings stock (ISIN US6337071046) was last at USD 37.70 on the NYSE on October 7, 2026 at 4:00 p.m. ET, down 1.46 percent from the prior close. The immediate catalyst was a rating change from Zacks Research.

Zacks moves to Hold

According to MarketBeat on October 7, 2026, Zacks upgraded National Bank from strong sell to hold. The change came as the bank's shares remained below their 50-day and 200-day moving averages, while the quoted 52-week range stretched from USD 35.06 to USD 47.28.

The same MarketBeat report describes a Moderate Buy consensus, with three analysts at Buy and two at Hold. The average target is USD 46.00, placing the target 22.0 percent above the USD 37.70 price.

Q2 profit fell despite growth

National Bank Holdings reported Q2 2026 revenue of USD 127.6 million, up 22 percent from Q2 2025, according to Simply Wall St. Net income fell 22 percent to USD 26.5 million, and diluted EPS declined to USD 0.58 from USD 0.89 in Q2 2025.

The reported net profit margin was 21 percent, down from 32 percent a year earlier. For investors, the contrast is clear: loan and deposit expansion lifted revenue, but higher expenses reduced the amount reaching the bottom line.

Credit costs remain the key risk

DA Davidson cut its price target from USD 45.00 to USD 43.00 while retaining a Buy rating, according to Investing.com on October 5, 2026. The firm said loan losses and investment impairment could reduce Q3 2026 earnings by USD 0.72 to USD 0.76 per share.

The pressure point is concentrated lending exposure. DA Davidson specifically identified franchise lending as a risk, while management reiterated confidence in reaching USD 1.00 earnings per share in Q4 2026, according to the same report.

Stock remains below its yearly high

National Bank Holdings stock was last at USD 37.70 on the NYSE on October 7, 2026 at 4:00 p.m. ET. Its market capitalization was USD 1.7 billion, and the 52-week range was USD 35.06 to USD 47.28.