OTCPK:PKKW

Stock Analysis Report

Executive Summary

Parkway Acquisition Corp. operates as the holding company for the Skyline National Bank that provides various banking and financial services to individuals, and small and medium sized businesses in the United States.

Snowflake

Fundamentals

Excellent balance sheet and fair value.

Risks

  • Parkway Acquisition is not covered by any analysts.

Similar Companies

Share Price & News

How has Parkway Acquisition's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

OTCPK:PKKW

-1.2%

US Mortgage

-1.6%

US Market


1 Year Return

-8.8%

OTCPK:PKKW

-2.8%

US Mortgage

-3.0%

US Market

PKKW underperformed the Mortgage industry which returned -2.8% over the past year.

PKKW underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

PKKWIndustryMarket
7 Day0.8%-1.2%-1.6%
30 Day-0.8%-2.7%-5.7%
90 Day1.3%-1.6%0.2%
1 Year-7.1%-8.8%-0.8%-2.8%-0.8%-3.0%
3 Yearn/a29.8%21.1%38.1%29.1%
5 Yearn/a55.3%39.0%50.8%34.1%

Price Volatility Vs. Market

How volatile is Parkway Acquisition's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Parkway Acquisition undervalued based on future cash flows and its price relative to the stock market?

12.51x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Parkway Acquisition's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Parkway Acquisition's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Parkway Acquisition is good value based on earnings compared to the US Mortgage industry average.

Parkway Acquisition is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Parkway Acquisition, we can't assess if its growth is good value.


Price Based on Value of Assets

Parkway Acquisition is good value based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

How is Parkway Acquisition expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Parkway Acquisition is high growth as no revenue estimate data is available.

Parkway Acquisition's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).

Unable to compare Parkway Acquisition's revenue growth to the United States of America market average as no estimate data is available.

Parkway Acquisition's earnings growth is positive but not above the United States of America market average.

Parkway Acquisition's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Parkway Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Parkway Acquisition performed over the past 5 years?

41.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Parkway Acquisition has delivered over 20% year on year earnings growth in the past 5 years.

Parkway Acquisition's 1-year earnings growth exceeds its 5-year average (100% vs 41.4%)

Parkway Acquisition's earnings growth has exceeded the US Mortgage industry average in the past year (100% vs 32.9%).


Return on Equity

Parkway Acquisition has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Parkway Acquisition used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Parkway Acquisition 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 Parkway Acquisition'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

Parkway Acquisition has an acceptable proportion of non-loan assets held.

Parkway Acquisition has a low allowance for bad loans.

Parkway Acquisition's liabilities are made up of primarily low risk sources of funding.

Parkway Acquisition's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Parkway Acquisition are broadly funded by customer deposits.

Parkway Acquisition has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Parkway Acquisition's current dividend yield, its reliability and sustainability?

2.02%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Parkway Acquisition before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Parkway Acquisition's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Parkway Acquisition's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Whilst dividend payments have been stable, Parkway Acquisition has been paying a dividend for less than 10 years.

Dividend payments have increased, but Parkway Acquisition only paid a dividend in the past 3 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4x 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 Parkway Acquisition's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Blake Edwards (53yo)

0.6yrs

Tenure

US$231,294

Compensation

Mr. Blake M. Edwards, Jr., has been President and Chief Executive Officer of Grayson Bankshares Inc. (now, Parkway Acquisition Corp.) since January 1, 2019. Mr. Edwards has been a Director of Parkway Acqui ...


CEO Compensation Analysis

Blake's remuneration is lower than average for companies of similar size in United States of America.

Blake's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.1yrs

Average Tenure

51.5yo

Average Age

The tenure for the Parkway Acquisition management team is about average.


Board Age and Tenure

3.8yrs

Average Tenure

58.5yo

Average Age

The tenure for the Parkway Acquisition board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Lynn Murray (63yo)

    Chief Marketing & Human Resources Officer of Skyline National Bank

    • Tenure: 3.1yrs
  • Rodney Halsey (50yo)

    Executive VP & COO of Skyline National Bank

    • Tenure: 8.3yrs
    • Compensation: US$151.92k
  • Blake Edwards (53yo)

    President

    • Tenure: 0.6yrs
    • Compensation: US$231.29k
  • Jena Reeves

    VP, BSA Officer

    • Tenure: 0.0yrs
  • Suzanne Yearout

    Secretary

    • Tenure: 0.0yrs
  • Mary Tabor (55yo)

    Executive VP & Chief Credit Officer of Skyline National Bank

    • Tenure: 3.1yrs
  • Lori Vaught (45yo)

    Executive VP & CFO

    • Tenure: 0.6yrs
  • Milo Cockerham (32yo)

    Retail Banking Manager

    • Tenure: 0.0yrs
  • Jonathan Kruckow (34yo)

    Executive Vice President & Regional President of Virginia

    • Tenure: 0.0yrs
  • C. Edwards (61yo)

    Executive VP & Regional President of NC for Skyline National Bank

    • Tenure: 0.0yrs

Board Members

  • Jacky Anderson (67yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$30.45k
  • Joseph Conduff (60yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$27.62k
  • J. Vaughan (50yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$29.27k
  • Tom Jackson (61yo)

    Chairman of the Board

    • Tenure: 3.8yrs
    • Compensation: US$35.73k
  • Blake Edwards (53yo)

    President

    • Tenure: 0.6yrs
    • Compensation: US$231.29k
  • Bryan Edwards (68yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$30.29k
  • Theresa Lazo (62yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$28.78k
  • Frank Stewart (57yo)

    Director

    • Tenure: 1.1yrs
    • Compensation: US$15.09k
  • Jim Shortt (56yo)

    Vice Chairman of the Board

    • Tenure: 3.2yrs
    • Compensation: US$29.69k
  • Melissa Gentry (54yo)

    Director

    • Tenure: 3.2yrs

Company Information

Parkway Acquisition Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Parkway Acquisition Corp.
  • Ticker: PKKW
  • Exchange: OTCPK
  • Founded: 1900
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$73.521m
  • Shares outstanding: 6.18m
  • Website: https://www.skylinenationalbank.bank

Number of Employees


Location

  • Parkway Acquisition Corp.
  • 101 Jacksonville Circle
  • Floyd
  • Virginia
  • 24091
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PKKWOTCPK (Pink Sheets LLC)YesCommon StockUSUSDAug 2016

Biography

Parkway Acquisition Corp. operates as the holding company for the Skyline National Bank that provides various banking and financial services to individuals, and small and medium sized businesses in the Uni ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 00:55
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.