National Bankshares (NKSH)
NASDAQ:NKSH
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National Bankshares
(NASDAQ:NKSH)
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Rating:73Outperform
Price Target:
$40.00
â–²(21.18% Upside)
Action:ReiteratedDate:05/02/26
The score is driven primarily by solid financial quality (debt-free balance sheet and improved 2025 earnings/cash flow) and supportive valuation (moderate P/E and strong dividend yield). Offsetting factors are weaker near-term technical momentum and some execution risk around lending leadership transition, despite generally positive corporate developments.
Positive Factors
Debt-free balance sheet
A zero-reported debt position and a solid equity base provide durable financial flexibility: the bank can absorb credit losses, fund organic growth or opportunistic M&A, and meet regulatory capital needs without near-term refinancing pressure, supporting long-term stability.
Negative Factors
Choppy cash flow & margin volatility
Irregular cash conversion and margin swings reduce predictability of internal funding and make capital allocation harder. Episodic volatility can pressure dividend sustainability, provisioning buffers, and long‑term planning, raising execution and earnings reliability risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-reported debt position and a solid equity base provide durable financial flexibility: the bank can absorb credit losses, fund organic growth or opportunistic M&A, and meet regulatory capital needs without near-term refinancing pressure, supporting long-term stability.
Read all positive factors
National Bankshares (NKSH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$228.56M
Dividend Yield4.47%
Average Volume (3M)10.28K
Price to Earnings (P/E)11.6
Beta (1Y)0.70
Revenue Growth5.59%
EPS Growth102.57%
CountryUS
Employees245
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.48
Shares Outstanding6,368,410
10 Day Avg. Volume13,549
30 Day Avg. Volume10,278
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.15
Price to Sales (P/S)2.50
P/FCF Ratio14.07
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue2.59
Enterprise Value/Gross Profit3.98
Enterprise Value/Ebitda11.10
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.82
Revenue Forecast (FY)N/A
National Bankshares Business Overview & Revenue Model
Company Description
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 accept...
How the Company Makes Money
National Bankshares primarily makes money through its banking subsidiary by earning net interest income and generating noninterest income. Net interest income is produced by collecting interest and fees on loans and other interest-earning assets (...
National Bankshares Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 85.31M | 79.08M | 68.19M | 62.51M | 53.41M |
| Gross Profit | 55.58M | 44.13M | 47.90M | 58.72M | 50.71M |
| EBITDA | 19.17M | 10.26M | 19.43M | 32.37M | 25.27M |
| Net Income | 15.83M | 7.62M | 15.69M | 25.93M | 20.38M |
Balance Sheet | |||||
| Total Assets | 1.82B | 1.81B | 1.66B | 1.68B | 1.70B |
| Cash, Cash Equivalents and Short-Term Investments | 82.73M | 141.50M | 705.20M | 728.28M | 824.87M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.64B | 1.66B | 1.51B | 1.55B | 1.51B |
| Stockholders Equity | 184.91M | 156.41M | 140.52M | 122.69M | 191.75M |
Cash Flow | |||||
| Free Cash Flow | 15.15M | 6.18M | 14.03M | 28.24M | 22.56M |
| Operating Cash Flow | 17.89M | 9.44M | 15.52M | 29.50M | 22.88M |
| Investing Cash Flow | -39.18M | 15.79M | 53.19M | -129.71M | -193.25M |
| Financing Cash Flow | -27.58M | -3.71M | -53.54M | 32.85M | 175.28M |
National Bankshares Technical Analysis
Positive
33.01
Price Trends
37.30
Positive
35.32
Positive
31.97
Positive
Market Momentum
0.08
Negative
58.34
Neutral
48.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NKSH, the sentiment is Positive. The current price of 33.01 is below the 20-day moving average (MA) of 36.64, below the 50-day MA of 37.30, and above the 200-day MA of 31.97, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 58.34 is Neutral, neither overbought nor oversold. The STOCH value of 48.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NKSH.
National Bankshares Risk Analysis
National Bankshares disclosed 38 risk factors in its most recent earnings report. National Bankshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
National Bankshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $252.09M | 8.65 | 14.13% | 2.51% | 13.96% | 104.50% | |
73 Outperform | $228.56M | 11.63 | 9.76% | 4.47% | 5.59% | 102.57% | |
71 Outperform | $250.22M | 10.56 | 9.70% | 3.49% | 6.16% | 91.37% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $193.38M | 12.67 | 10.17% | 3.11% | 21.54% | 69.28% | |
54 Neutral | $213.91M | 17.72 | -9.44% | 1.07% | -7.72% | -258.34% |
* Financial Sector Average
NKSH
National Bankshares
35.89
11.13
44.95%
ATLO
Ames National
28.25
11.91
72.86%
INBK
First Internet Bancorp
24.54
2.22
9.95%
FRAF
Franklin Financial Services
56.12
18.64
49.74%
EFSI
Eagle Financial Services
35.73
7.00
24.39%
National Bankshares Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
National Bankshares Divests Insurance Unit to Refocus Strategy
Positive
May 1, 2026
On May 1, 2026, National Bankshares, Inc. announced it had sold its subsidiary’s membership interest in Bearing Insurance Group, LLC to an unaffiliated third party, with the transaction effective the same day. The company expects to record a...
Business Operations and StrategyFinancial Disclosures
National Bankshares Highlights Q4 2025 Results and Strategy
Positive
Apr 14, 2026
On April 14, 2026, National Bankshares released an investor presentation highlighting its fourth quarter 2025 performance and strategic progress, reporting assets of $1.8 billion, gross loans of $1.0 billion, deposits of $1.6 billion and GAAP net ...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
National Bankshares Announces Routine Board Size Reduction
Neutral
Apr 9, 2026
On April 8, 2026, National Bankshares’ Board of Directors approved an amendment to its Bylaws to reduce the number of directors from thirteen to twelve, effective May 13, 2026, in line with provisions that allow the board size to vary within...
Business Operations and StrategyExecutive/Board Changes
National Bankshares Appoints New Chief Lending Officer
Positive
Mar 25, 2026
On March 25, 2026, National Bankshares announced that longtime employee Jason Pospichal has been appointed Executive Vice President and Chief Lending Officer of The National Bank of Blacksburg, succeeding current Chief Lending Officer Paul Mylum. ...
Business Operations and StrategyExecutive/Board Changes
National Bankshares Announces Resignation of Chief Lending Officer
Negative
Mar 20, 2026
National Bankshares, Inc. announced that on March 16, 2026, Executive Vice President and Chief Lending Officer Paul M. Mylum informed the company and its subsidiary, The National Bank of Blacksburg, of his decision to resign, effective May 15, 202...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.