| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 6/6 |
NKSH Stock Overview
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.
National Bankshares Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$36.08 |
| 52 Week High | US$39.99 |
| 52 Week Low | US$30.55 |
| Beta | 0.51 |
| 1 Month Change | 1.15% |
| 3 Month Change | -1.23% |
| 1 Year Change | 12.57% |
| 3 Year Change | 5.19% |
| 5 Year Change | -17.44% |
| Change since IPO | 167.30% |
Recent News & Updates
Shareholder Returns
| NKSH | US Banks | US Market | |
|---|---|---|---|
| 7D | 0.08% | -5.8% | -4.6% |
| 1Y | 12.6% | 28.1% | 7.7% |
Return vs Industry: NKSH underperformed the US Banks industry which returned 28.1% over the past year.
Return vs Market: NKSH exceeded the US Market which returned 7.7% over the past year.
Price Volatility
| NKSH volatility | |
|---|---|
| NKSH Average Weekly Movement | 2.8% |
| Banks Industry Average Movement | 3.8% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: NKSH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NKSH's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1891 | 229 | F. Denardo | https://www.nationalbankshares.com |
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, 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 Fundamentals Summary
| NKSH fundamental statistics | |
|---|---|
| Market Cap | US$219.65m |
| Earnings (TTM) | US$20.08m |
| Revenue (TTM) | US$49.90m |
10.9x
P/E Ratio1.2x
P/B RatioIs NKSH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NKSH income statement (TTM) | |
|---|---|
| Revenue | US$49.90m |
| Cost of Revenue | US$0 |
| Gross Profit | US$49.90m |
| Expenses | US$29.82m |
| Earnings | US$20.08m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.30 |
| Gross Margin | 100.00% |
| Net Profit Margin | 40.24% |
| Debt/Equity Ratio | 0% |
How did NKSH perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield45%
Payout RatioValuation
Is National Bankshares undervalued compared to its fair value and its price relative to the market?
37.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NKSH ($36.08) is trading below our estimate of fair value ($58.09)
Significantly Below Fair Value: NKSH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NKSH is good value based on its PE Ratio (10.9x) compared to the US Banks industry average (11.2x).
PE vs Market: NKSH is good value based on its PE Ratio (10.9x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: NKSH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NKSH's PB Ratio (1.2x) is in line with the US Banks industry average.
Future Growth
How is National Bankshares forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-7.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NKSH's earnings are forecast to decline over the next 3 years (-7.1% per year).
Earnings vs Market: NKSH's earnings are forecast to decline over the next 3 years (-7.1% per year).
High Growth Earnings: NKSH's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NKSH's revenue (0.7% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: NKSH's revenue (0.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NKSH's Return on Equity is forecast to be low in 3 years time (8.7%).
Past Performance
How has National Bankshares performed over the past 5 years?
5.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NKSH has high quality earnings.
Growing Profit Margin: NKSH's current net profit margins (40.2%) are higher than last year (36.6%).
Past Earnings Growth Analysis
Earnings Trend: NKSH's earnings have grown by 5.1% per year over the past 5 years.
Accelerating Growth: NKSH's earnings growth over the past year (26.2%) exceeds its 5-year average (5.1% per year).
Earnings vs Industry: NKSH earnings growth over the past year (26.2%) underperformed the Banks industry 43.6%.
Return on Equity
High ROE: NKSH's Return on Equity (10.5%) is considered low.
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
Financial Institutions Analysis
Asset Level: NKSH's Assets to Equity ratio (8.6x) is low.
Allowance for Bad Loans: NKSH has a sufficient allowance for bad loans (247%).
Low Risk Liabilities: 99% of NKSH's liabilities are made up of primarily low risk sources of funding.
Loan Level: NKSH has an appropriate level of Loans to Assets ratio (48%).
Low Risk Deposits: NKSH's Loans to Deposits ratio (55%) is appropriate.
Level of Bad Loans: NKSH has an appropriate level of bad loans (0.4%).
Dividend
What is National Bankshares's current dividend yield, its reliability and sustainability?
3.99%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NKSH's dividend (3.99%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: NKSH's dividend (3.99%) is in the top 25% of dividend payers in the US market (3.49%)
Stability and Growth of Payments
Stable Dividend: NKSH's dividends per share have been stable in the past 10 years.
Growing Dividend: NKSH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.6%), NKSH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NKSH's dividends in 3 years are forecast to be covered by earnings (50.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.5yrs
Average management tenure
CEO
F. Denardo (68 yo)
4.33yrs
Tenure
US$1,165,735
Compensation
Mr. F. Brad Denardo has been President and Chief Executive Officer of National Bankshares, Inc. since September 1, 2017 and has been its Chairman of the Board since May 15, 2019. Mr. Denardo serves as Chie...
CEO Compensation Analysis
Compensation vs Market: F.'s total compensation ($USD1.17M) is about average for companies of similar size in the US market ($USD1.10M).
Compensation vs Earnings: F.'s compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: NKSH's management team is seasoned and experienced (7.5 years average tenure).
Board Members
Experienced Board: NKSH's board of directors are considered experienced (9.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NKSH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
National Bankshares, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: National Bankshares, Inc.
- Ticker: NKSH
- Exchange: NasdaqCM
- Founded: 1891
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$219.646m
- Shares outstanding: 6.09m
- Website: https://www.nationalbankshares.com
Number of Employees
Location
- National Bankshares, Inc.
- 101 Hubbard Street
- Blacksburg
- Virginia
- 24062-9002
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 23:57 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.