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NKSH

National BanksharesNasdaqCM:NKSH Stock Report

Last Price

US$36.08

Market Cap

US$219.6m

7D

0.08%

1Y

12.6%

Updated

20 Jan, 2022

Data

Company Financials +
NKSH fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends6/6

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

Pinnacle Financial Partners

NasdaqGS:PNFP

US$7.9b

Bank OZK

NasdaqGS:OZK

US$6.3b

SouthState

NasdaqGS:SSB

US$6.0b

ServisFirst Bancshares

NYSE:SFBS

US$4.5b

Price History & Performance

Summary of all time highs, changes and price drops for National Bankshares
Historical stock prices
Current Share PriceUS$36.08
52 Week HighUS$39.99
52 Week LowUS$30.55
Beta0.51
1 Month Change1.15%
3 Month Change-1.23%
1 Year Change12.57%
3 Year Change5.19%
5 Year Change-17.44%
Change since IPO167.30%

Recent News & Updates

Shareholder Returns

NKSHUS BanksUS Market
7D0.08%-5.8%-4.6%
1Y12.6%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

Is NKSH's price volatile compared to industry and market?
NKSH volatility
NKSH Average Weekly Movement2.8%
Banks Industry Average Movement3.8%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1891229F. Denardohttps://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

How do National Bankshares's earnings and revenue compare to its market cap?
NKSH fundamental statistics
Market CapUS$219.65m
Earnings (TTM)US$20.08m
Revenue (TTM)US$49.90m

10.9x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NKSH income statement (TTM)
RevenueUS$49.90m
Cost of RevenueUS$0
Gross ProfitUS$49.90m
ExpensesUS$29.82m
EarningsUS$20.08m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.30
Gross Margin100.00%
Net Profit Margin40.24%
Debt/Equity Ratio0%

How did NKSH perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

45%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 23:57
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.