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.
No risks detected for NKSH from our risk checks.
National Bankshares Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$32.29|
|52 Week High||US$39.19|
|52 Week Low||US$31.11|
|1 Month Change||-0.22%|
|3 Month Change||-12.73%|
|1 Year Change||-10.03%|
|3 Year Change||-15.43%|
|5 Year Change||-22.19%|
|Change since IPO||139.22%|
Recent News & Updates
National Bankshares (NASDAQ:NKSH) Is Increasing Its Dividend To US$0.72
The board of National Bankshares, Inc. ( NASDAQ:NKSH ) has announced that it will be increasing its dividend by 2.9% on...
|NKSH||US Banks||US Market|
Return vs Industry: NKSH exceeded the US Banks industry which returned -18.3% over the past year.
Return vs Market: NKSH exceeded the US Market which returned -21.2% over the past year.
|NKSH Average Weekly Movement||2.8%|
|Banks Industry Average Movement||3.8%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||3.3%|
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
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 Fundamentals Summary
|NKSH fundamental statistics|
Is NKSH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NKSH income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||3.41|
|Net Profit Margin||40.24%|
How did NKSH perform over the long term?See historical performance and comparison
4.5%Current Dividend Yield
Is NKSH undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NKSH?
Other financial metrics that can be useful for relative valuation.
|What is NKSH's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NKSH's PE Ratio compare to its peers?
|NKSH PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ISBA Isabella Bank
SSBK Southern States Bancshares
CVCY Central Valley Community Bancorp
NKSH National Bankshares
Price-To-Earnings vs Peers: NKSH is expensive based on its Price-To-Earnings Ratio (9.5x) compared to the peer average (9x).
Price to Earnings Ratio vs Industry
How does NKSH's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: NKSH is good value based on its Price-To-Earnings Ratio (9.5x) compared to the US Banks industry average (9.5x)
Price to Earnings Ratio vs Fair Ratio
What is NKSH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9.5x|
|Fair PE Ratio||10.5x|
Price-To-Earnings vs Fair Ratio: NKSH is good value based on its Price-To-Earnings Ratio (9.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).
Share Price vs Fair Value
What is the Fair Price of NKSH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NKSH ($32.29) is trading below our estimate of fair value ($52.08)
Significantly Below Fair Value: NKSH is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: NKSH is poor value based on its PEG Ratio (9.2x)
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How is National Bankshares forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NKSH's forecast earnings growth (1% per year) is below the savings rate (1.9%).
Earnings vs Market: NKSH's earnings (1% per year) are forecast to grow slower than the US market (13.6% per year).
High Growth Earnings: NKSH's earnings are forecast to grow, but not significantly.
Revenue vs Market: NKSH's revenue (5.9% per year) is forecast to grow slower than the US market (8.2% per year).
High Growth Revenue: NKSH's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NKSH's Return on Equity is forecast to be high in 3 years time
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How has National Bankshares performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
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 (37.3%).
Past Earnings Growth Analysis
Earnings Trend: NKSH's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: NKSH's earnings growth over the past year (21.6%) exceeds its 5-year average (6.8% per year).
Earnings vs Industry: NKSH earnings growth over the past year (21.6%) exceeded the Banks industry 20.8%.
Return on Equity
High ROE: NKSH's Return on Equity (12.7%) is considered low.
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How is National Bankshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NKSH's Assets to Equity ratio (10.7x) is moderate.
Allowance for Bad Loans: NKSH has a sufficient allowance for bad loans (272%).
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 (47%).
Low Risk Deposits: NKSH's Loans to Deposits ratio (53%) is appropriate.
Level of Bad Loans: NKSH has an appropriate level of bad loans (0.3%).
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What is National Bankshares's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NKSH's dividend (4.46%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: NKSH's dividend (4.46%) is in the top 25% of dividend payers in the US market (4.25%)
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
Earnings Coverage: With its reasonably low payout ratio (43%), NKSH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
F. Denardo (69 yo)
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. He has been Chief Executiv...
CEO Compensation Analysis
Compensation vs Market: F.'s total compensation ($USD1.01M) is below average for companies of similar size in the US market ($USD1.83M).
Compensation vs Earnings: F.'s compensation has been consistent with company performance over the past year.
Experienced Management: NKSH's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: NKSH's board of directors are considered experienced (9.7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
National Bankshares, Inc.'s employee growth, exchange listings and data sources
- Name: National Bankshares, Inc.
- Ticker: NKSH
- Exchange: NasdaqCM
- Founded: 1891
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$194.149m
- Shares outstanding: 6.01m
- Website: https://www.nationalbankshares.com
Number of Employees
- National Bankshares, Inc.
- 101 Hubbard Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/03 00:00|
|End of Day Share Price||2022/07/01 00:00|
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.