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.
Excellent balance sheet with solid track record.
Share Price & News
How has Parkway Acquisition's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PKKW's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PKKW exceeded the US Mortgage industry which returned -26.6% over the past year.
Return vs Market: PKKW underperformed the US Market which returned -10.7% over the past year.
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
Is Parkway Acquisition undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PKKW ($8.99) is trading above our estimate of fair value ($8.85)
Significantly Below Fair Value: PKKW is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PKKW is good value based on its PE Ratio (7.8x) compared to the Mortgage industry average (10.5x).
PE vs Market: PKKW is good value based on its PE Ratio (7.8x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PKKW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PKKW is good value based on its PB Ratio (0.7x) compared to the US Mortgage industry average (0.8x).
How is Parkway Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Parkway Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Parkway Acquisition is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Parkway Acquisition's filings and announcements here.
- Explore growth companies in the Banks industry.
How has Parkway Acquisition performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PKKW has high quality earnings.
Growing Profit Margin: PKKW's current net profit margins (22.2%) are higher than last year (16%).
Past Earnings Growth Analysis
Earnings Trend: PKKW's earnings have grown significantly by 40.4% per year over the past 5 years.
Accelerating Growth: PKKW's earnings growth over the past year (58.1%) exceeds its 5-year average (40.4% per year).
Earnings vs Industry: PKKW earnings growth over the past year (58.1%) exceeded the Mortgage industry 11.1%.
Return on Equity
High ROE: PKKW's Return on Equity (8.8%) is considered low.
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
Inventory Level: PKKW has a low level of unsold assets or inventory.
Debt Coverage by Assets: PKKW's debt is covered by short term assets (assets are 4.6x debt).
Financial Institutions Analysis
Asset Level: PKKW's level of assets compared to its equity is low.
Allowance for Bad Loans: PKKW has a low allowance for bad loans.
Low Risk Liabilities: PKKW's liabilities are made up of primarily low risk sources of funding.
Loan Level: PKKW has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PKKW's loans are broadly funded by customer deposits.
Level of Bad Loans: PKKW has an appropriate level of bad loans (1.7%)
What is Parkway Acquisition's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PKKW's dividend (2.89%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: PKKW's dividend (2.89%) is low compared to the top 25% of dividend payers in the US market (5.37%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PKKW has been paying a dividend for less than 10 years.
Growing Dividend: PKKW's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.6%), PKKW'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 and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Blake Edwards (53yo)
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
Compensation vs Market: Blake's total compensation ($USD231.29K) is below average for companies of similar size in the US market ($USD605.16K).
Compensation vs Earnings: Blake's compensation has been consistent with company performance over the past year.
|Executive VP & COO of Skyline National Bank||8.92yrs||US$151.92k||0.046% $25.3k|
|Executive VP & CFO||1.25yrs||no data||no data|
|Executive VP & Chief Credit Officer of Skyline National Bank||3.75yrs||no data||no data|
|Chief Marketing & Human Resources Officer of Skyline National Bank||3.75yrs||no data||no data|
|Executive Vice President & Regional President of Virginia||no data||no data||0.0033% $1.8k|
|Executive VP & Chief Risk Officer of Skyline National Bank||no data||no data||no data|
|Executive VP & Regional President of NC for Skyline National Bank||no data||no data||0.42% $227.1k|
|Executive VP & Chief Risk Officer of Skyline National Bank||no data||no data||no data|
|Secretary||no data||no data||no data|
Experienced Management: PKKW's management team is considered experienced (3.8 years average tenure).
|Independent Director||4.42yrs||US$27.62k||2.17% $1.2m|
|Independent Director||4.42yrs||US$29.27k||0.16% $87.9k|
|Independent Chairman of the Board||4.42yrs||US$35.73k||0.18% $100.0k|
|Independent Director||4.42yrs||US$30.29k||0.023% $12.7k|
|Independent Director||4.42yrs||US$28.78k||0.30% $162.5k|
|Independent Director||1.75yrs||US$15.09k||1.87% $1.0m|
|Independent Vice Chairman of the Board||3.83yrs||US$29.69k||0.021% $11.4k|
|Independent Director||3.83yrs||no data||no data|
Experienced Board: PKKW's board of directors are considered experienced (4.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.
Parkway Acquisition Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Parkway Acquisition Corp.
- Ticker: PKKW
- Exchange: OTCPK
- Founded: 1900
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$54.545m
- Shares outstanding: 6.07m
- Website: https://www.skylinenationalbank.bank
Number of Employees
- Parkway Acquisition Corp.
- 101 Jacksonville Circle
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PKKW||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Aug 2016|
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. Its deposit products include savings, demand, NOW, and money market deposits; certificates of deposit; and checking accounts and individual retirement accounts. The company also provides single and multi-family housing loans, farm loans, residential and commercial construction loans, loans for commercial real estate, commercial and agricultural production loans, lines of credit, and mortgage loans, as well as consumer loans, such as loans for household expenditures, car loans, and other loans. It operates through 20 full-service banking offices and 4 loan production offices. The company was formerly known as Grayson Bankshares, Inc. Parkway Acquisition Corp. was founded in 1900 and is headquartered in Floyd, Virginia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 02:15|
|End of Day Share Price||2020/03/30 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.