National Bankshares
Market Cap
US$220.1m
Last Updated
2019/08/21 23:43 UTC
Data Sources
Company Financials +
Executive Summary
National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking services to individuals, businesses, non-profits, and local governments.
Snowflake
Fundamentals
Flawless balance sheet average dividend payer.
Risks
- National Bankshares is covered by less than 3 analysts.
Similar Companies
Share Price & News
How has National Bankshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.09%
NasdaqCM:NKSH
-1.8%
US Banks
0.2%
US Market
1 Year Return
-28.8%
NasdaqCM:NKSH
-15.3%
US Banks
-0.7%
US Market
NKSH underperformed the Banks industry which returned -15.3% over the past year.
NKSH underperformed the Market in United States of America which returned -0.7% over the past year.
Share holder returns
| NKSH | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.09% | -1.8% | 0.2% |
| 30 Day | -5.6% | -6.4% | -2.7% |
| 90 Day | -13.9% | -4.0% | 1.6% |
| 1 Year | -26.5%-28.8% | -12.9%-15.3% | 1.6%-0.7% |
| 3 Year | 5.7%-3.2% | 41.3%31.7% | 40.0%30.9% |
| 5 Year | 35.6%15.6% | 50.8%34.5% | 53.8%36.8% |
Price Volatility Vs. Market
How volatile is National Bankshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Do Institutions Own Shares In National Bankshares, Inc. (NASDAQ:NKSH)?1 month ago | Simply Wall St
Did National Bankshares, Inc. (NASDAQ:NKSH) Insiders Buy Up More Shares?1 month ago | Simply Wall St
How Does National Bankshares, Inc. (NASDAQ:NKSH) Fare As A Dividend Stock?Valuation
Is National Bankshares undervalued based on future cash flows and its price relative to the stock market?
13.36x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
National Bankshares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
National Bankshares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
National Bankshares is overvalued based on earnings compared to the US Banks industry average.
National Bankshares is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
National Bankshares earnings are not expected to grow next year, we can't assess if its growth is good value.
Price Based on Value of Assets
National Bankshares is overvalued based on assets compared to the US Banks industry average.
Next Steps
Future Growth
How is National Bankshares expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
-3.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
National Bankshares's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
National Bankshares's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
National Bankshares's revenue growth is positive but not above the United States of America market average.
National Bankshares's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
National Bankshares's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if National Bankshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has National Bankshares performed over the past 5 years?
-2.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
National Bankshares's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
National Bankshares's 1-year earnings growth exceeds its 5-year average (21.4% vs -2.1%)
National Bankshares's earnings growth has not exceeded the US Banks industry average in the past year (21.4% vs 33.2%).
Return on Equity
National Bankshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
National Bankshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
Return on Capital Employed
Unable to establish if National Bankshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Next Steps
Financial Health
How is National Bankshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Information is not available.
Information is not available.
Financial Institutions Analysis
National Bankshares has an acceptable proportion of non-loan assets held.
National Bankshares has a sufficient allowance for bad loans.
National Bankshares's liabilities are made up of primarily low risk sources of funding.
National Bankshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
Loans at National Bankshares are broadly funded by customer deposits.
National Bankshares has an acceptable level of bad loans (less than 2%).
Next Steps
Dividend
What is National Bankshares's current dividend yield, its reliability and sustainability?
3.84%
Expected Dividend Yield
Dividend Yield and Payments Analysis
National Bankshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
National Bankshares's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.9x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of National Bankshares's salary, the management and board of directors tenure and is there insider trading?
7.6yrs
Average management tenure
CEO
F. Denardo (66yo)
1.9yrs
Tenure
US$1,647,596
Compensation
Mr. F. Brad Denardo has been President and Chief Executive Officer of National Bankshares, Inc. since September 1, 2017 and has been its Chairman of the Board since May 15, 2019. Mr. Denardo serves as Chie ...
CEO Compensation Analysis
F.'s remuneration is higher than average for companies of similar size in United States of America.
F.'s compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
7.6yrs
Average Tenure
52yo
Average Age
The average tenure for the National Bankshares management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
4.5yrs
Average Tenure
66.5yo
Average Age
The tenure for the National Bankshares board of directors is about average.
Insider Trading
More shares have been bought than sold by National Bankshares individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 300 |
| Max Price | US$35.85 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 60 |
| Max Price | US$37.25 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 1,000 |
| Max Price | US$37.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 1,000 |
| Max Price | US$40.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 1,000 |
| Max Price | US$41.78 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 500 |
| Max Price | US$39.00 |
| Entity | Individual |
| Shares | 1,384 |
| Max Price | US$40.53 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 500 |
| Max Price | US$37.82 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman of the Board |
| Shares | 287 |
| Max Price | US$38.40 |
| Entity | Individual |
| Shares | 3,000 |
| Max Price | US$36.50 |
| Entity | Individual |
| Role | Vice Chairman Vice Chairman of the Board |
| Shares | 500 |
| Max Price | US$36.96 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 332 |
| Max Price | US$38.00 |
| Entity | Individual |
| Role | Vice Chairman Vice Chairman of the Board |
| Shares | 500 |
| Max Price | US$40.00 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$42.06 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 500 |
| Max Price | US$41.50 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 58 |
| Max Price | US$42.59 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 100 |
| Max Price | US$38.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 617 |
| Max Price | US$43.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 500 |
| Max Price | US$44.92 |
Ownership Breakdown
Management Team
F. Denardo (66yo)
Chairman of the Board
- Tenure: 1.9yrs
- Compensation: US$1.65m
David Skeens (52yo)
Treasurer & CFO
- Tenure: 10.6yrs
- Compensation: US$260.48k
Shelby Evans
Vice President of Compliance
- Tenure: 0.0yrs
Patrick Lamm
Senior Vice President of Credit Administration
- Tenure: 7.0yrs
Lora Jones
Controller
- Tenure: 0.0yrs
Lara Ramsey (50yo)
Senior VP of Administration & Corporate Secretary
- Tenure: 8.2yrs
- Compensation: US$199.52k
R. Dodson
President
- Tenure: 0.0yrs
- Compensation: US$105.30k
Board Members
F. Denardo (66yo)
Chairman of the Board
- Tenure: 1.9yrs
- Compensation: US$1.65m
Mary Miller (68yo)
Director
- Tenure: 16.6yrs
- Compensation: US$35.00k
Lawrence Ball (64yo)
Director
- Tenure: 13.3yrs
- Compensation: US$34.55k
Charles Green (68yo)
Vice Chairman of the Board
- Tenure: 0.3yrs
- Compensation: US$35.00k
William Peery (67yo)
Director
- Tenure: 14.3yrs
- Compensation: US$33.75k
Glenn Reynolds (66yo)
Director
- Tenure: 13.3yrs
- Compensation: US$35.80k
John Dooley (64yo)
Director
- Tenure: 6.8yrs
- Compensation: US$34.55k
Michael Dye (64yo)
Director
- Tenure: 2.3yrs
- Compensation: US$35.00k
J. Webb (70yo)
Director
- Tenure: 2.3yrs
- Compensation: US$35.80k
Norman Fitzwater (68yo)
Director
- Tenure: 2.3yrs
- Compensation: US$35.00k
Company Information
National Bankshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: National Bankshares, Inc.
- Ticker: NKSH
- Exchange: NasdaqCM
- Founded: 1891
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$220.084m
- Shares outstanding: 6.51m
- Website: https://www.nationalbankshares.com
Number of Employees
Location
- National Bankshares, Inc.
- 101 Hubbard Street
- PO Box 90002
- Blacksburg
- Virginia
- 24062
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NKSH | NasdaqCM (Nasdaq Capital Market) | Yes | Common Shares | US | USD | Apr 1993 |
Biography
National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking services to individuals, businesses, non-profits, and local go ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/21 23:43 |
| End of Day Share Price | 2019/08/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.