9F2 Stock Overview

Operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. More details

9F2 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	0/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 59.1% below our estimate of its fair value

Earnings are forecast to grow 36.9% per year

Risk Analysis

Large one-off items impacting financial results

Shareholders have been diluted in the past year

Profit margins (20.1%) are lower than last year (37.8%)

Dividend of 5.16% is either not well covered by earnings currently or not forecast to be covered

My Notes

Capture your thoughts, links and company narrative

National Bankshares, Inc. Competitors

Merkur PrivatBank KgaA

XTRA:MBK

€105.8m

ProCredit Holding

XTRA:PCZ

€465.3m

Western New England Bancorp

NasdaqGS:WNEB

US$192.6m

Exchange Bank (Santa Rosa CA)

OTCPK:EXSR

US$188.1m

Price History & Performance

Summary of share price highs, lows and changes for National Bankshares
Historical stock prices
Current Share Price	US$26.60
52 Week High	US$31.80
52 Week Low	US$24.20
Beta	0.53
1 Month Change	-4.32%
3 Month Change	1.53%
1 Year Change	-10.74%
3 Year Change	-13.54%
5 Year Change	n/a
Change since IPO	5.56%

Recent updates

Shareholder Returns

	9F2	DE Banks	DE Market
7D	-5.0%	-2.0%	-2.0%
1Y	-10.7%	19.1%	6.9%

Return vs Industry: 9F2 underperformed the German Banks industry which returned 19.1% over the past year.

Return vs Market: 9F2 underperformed the German Market which returned 6.9% over the past year.

Price Volatility

Is 9F2's price volatile compared to industry and market?
9F2 volatility
9F2 Average Weekly Movement	6.4%
Banks Industry Average Movement	3.1%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.3%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 9F2 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 9F2's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1891	225	F. Denardo	www.nationalbankshares.com/overview/default.aspx

National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts. Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties.

National Bankshares, Inc. Fundamentals Summary

How do National Bankshares's earnings and revenue compare to its market cap?
9F2 fundamental statistics
Market cap	€183.61m
Earnings (TTM)	€8.39m
Revenue (TTM)	€41.75m

21.3x

P/E Ratio

1.1x

P/B Ratio

Is 9F2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9F2 income statement (TTM)
Revenue	US$43.45m
Cost of Revenue	US$0
Gross Profit	US$43.45m
Other Expenses	US$34.72m
Earnings	US$8.73m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.37
Gross Margin	100.00%
Net Profit Margin	20.09%
Debt/Equity Ratio	0%

How did 9F2 perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

105%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 00:29
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

National Bankshares, Inc. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Cary Morris	BB&T Capital Markets
Allan Bach	Davenport & Company
Christopher Marinac	Janney Montgomery Scott LLC