DA Davidson reiterates Buy rating on National Bank Holdings stock

Investing.com - DA Davidson maintained its Buy rating and $45.00 price target on National Bank Holdings (NYSE:NBHC) stock on Thursday. According to InvestingPro analysis, the stock appears undervalued, trading at a P/E ratio of 11.75x while offering a 3.3% dividend yield. The company has maintained dividend payments for 14 consecutive years.

The research firm moderately increased its 2025 earnings per share outlook for the bank, despite noting some challenges ahead. DA Davidson cited additional net loan runoff in the third quarter of 2025 and increased expenses related to the 2UniFi platform as factors driving a downward revision to its 2026 earnings forecast. InvestingPro data shows the company remains profitable with a solid financial health score, and analysts expect continued profitability this year.

The firm highlighted potential positive developments on multiple fronts, noting that loan production is trending higher for National Bank Holdings. DA Davidson also mentioned that updated revenue guidance for the 2UniFi platform is expected with the bank’s next quarterly release.

A steady core net interest margin was identified as a positive factor in the firm’s analysis of National Bank Holdings. The research note also pointed to credit improvement as another favorable development for the financial institution.

National Bank Holdings operates as a bank holding company that provides banking products and financial services to commercial, business, and consumer clients in the United States.

In other recent news, National Bank Holdings Corporation reported strong financial results for the third quarter of 2025. The company exceeded analysts’ expectations with an earnings per share (EPS) of $0.96, surpassing the projected $0.85. This represents a 12.94% earnings surprise. Additionally, National Bank Holdings reported revenue of $108.89 million, which also topped the forecasted $107.56 million. These results highlight the company’s robust performance in the quarter. Following the announcement, analysts have taken note of the company’s growth trajectory. The positive financial results have caught the attention of investors, reflecting confidence in the company’s ongoing performance. These developments are part of the latest updates concerning National Bank Holdings Corporation.

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