National Bankshares (NKSH)
NASDAQ:NKSH
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National Bankshares
(NASDAQ:NKSH)
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Rating:73Outperform
Price Target:
$39.00
â–²(18.15% Upside)
Action:Reiterated
Date:05/19/26
The score is driven primarily by solid financial fundamentals (notably the debt-free balance sheet and improved recent profitability/cash conversion) and supportive valuation (moderate P/E with a strong dividend yield). These positives are tempered by weaker near-term technical momentum and some execution/transition risk reflected in recent corporate leadership changes.
Positive Factors
Debt-free Balance Sheet
A zero-debt balance sheet materially lowers financial risk and enhances capital flexibility. This durable strength supports continued dividend payments, opportunistic buybacks, and the ability to deploy capital into lending or M&A without near-term refinancing pressure, improving long-term resilience.
Negative Factors
Earnings Volatility
Significant year-to-year swings in margins and returns complicate forecasting and capital planning. Persistent volatility reduces confidence in sustained profitability, making dividend and buyback sustainability more sensitive to credit cycles, deposit cost swings, and interest-rate dynamics over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
A zero-debt balance sheet materially lowers financial risk and enhances capital flexibility. This durable strength supports continued dividend payments, opportunistic buybacks, and the ability to deploy capital into lending or M&A without near-term refinancing pressure, improving long-term resilience.
Read all positive factors
National Bankshares (NKSH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$223.79M
Dividend Yield4.47%
Average Volume (3M)10.28K
Price to Earnings (P/E)11.6
Beta (1Y)0.67
Revenue Growth5.59%
EPS Growth102.57%
CountryUS
Employees245
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.75
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 Cap0.99
Enterprise Value/Revenue2.56
Enterprise Value/Gross Profit3.78
Enterprise Value/Ebitda10.18
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
72
Positive
Balance Sheet
85
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 86.08M | 85.31M | 79.08M | 68.19M | 62.51M | 53.41M |
| Gross Profit | 58.32M | 55.58M | 44.13M | 47.90M | 58.72M | 50.71M |
| EBITDA | 21.67M | 19.17M | 10.26M | 19.43M | 32.37M | 25.27M |
| Net Income | 17.57M | 15.83M | 7.62M | 15.69M | 25.93M | 20.38M |
Balance Sheet | ||||||
| Total Assets | 1.83B | 1.82B | 1.81B | 1.66B | 1.68B | 1.70B |
| Cash, Cash Equivalents and Short-Term Investments | 666.09M | 82.73M | 141.50M | 705.20M | 728.28M | 824.87M |
| Total Debt | 1.91M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.64B | 1.64B | 1.66B | 1.51B | 1.55B | 1.51B |
| Stockholders Equity | 187.40M | 184.91M | 156.41M | 140.52M | 122.69M | 191.75M |
Cash Flow | ||||||
| Free Cash Flow | 18.93M | 15.15M | 6.18M | 14.03M | 28.24M | 22.56M |
| Operating Cash Flow | 18.62M | 17.89M | 9.44M | 15.52M | 29.50M | 22.88M |
| Investing Cash Flow | -41.29M | -39.18M | 15.79M | 53.19M | -129.71M | -193.25M |
| Financing Cash Flow | -37.72M | -27.58M | -3.71M | -53.54M | 32.85M | 175.28M |
National Bankshares Technical Analysis
Negative
33.01
Price Trends
36.30
Negative
36.41
Negative
33.04
Positive
Market Momentum
-0.38
Positive
42.81
Neutral
39.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NKSH, the sentiment is Negative. The current price of 33.01 is below the 20-day moving average (MA) of 35.73, below the 50-day MA of 36.30, and below the 200-day MA of 33.04, indicating a neutral trend. The MACD of -0.38 indicates Positive momentum. The RSI at 42.81 is Neutral, neither overbought nor oversold. The STOCH value of 39.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NKSH.
National Bankshares Risk Analysis
National Bankshares disclosed 31 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $257.27M | 8.65 | 14.13% | 2.51% | 13.96% | 104.63% | |
73 Outperform | $223.79M | 11.63 | 9.76% | 4.47% | 5.59% | 102.57% | |
71 Outperform | $212.22M | 12.67 | 10.17% | 3.11% | 21.54% | 69.28% | |
70 Outperform | $255.09M | 10.56 | 10.65% | 3.49% | 6.16% | 91.37% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | $206.24M | 17.72 | -9.19% | 1.07% | -7.72% | -258.34% |
* Financial Sector Average
NKSH
National Bankshares
35.03
9.93
39.58%
ATLO
Ames National
28.70
11.95
71.37%
INBK
First Internet Bancorp
23.80
-0.03
-0.13%
FRAF
Franklin Financial Services
58.88
21.36
56.94%
EFSI
Eagle Financial Services
39.62
8.78
28.47%
National Bankshares Corporate Events
Business Operations and StrategyFinancial Disclosures
National Bankshares Highlights Strong Q1 2026 Performance
Positive
May 18, 2026
On May 18, 2026, National Bankshares released an investor presentation detailing its first-quarter 2026 performance, highlighting GAAP net income of $4.98 million, or $0.78 per share, and core net income of $4.80 million, or $0.75 per share, repre...
Stock BuybackDividendsFinancial Disclosures
National Bankshares Declares Dividend and Renews Share Buyback
Positive
May 13, 2026
On May 13, 2026, National Bankshares, Inc. announced that its board approved a semi-annual cash dividend of $0.75 per share, payable on June 1, 2026, to shareholders of record as of May 26, 2026, citing solid earnings growth in 2025 and early 2026...
Executive/Board ChangesShareholder Meetings
National Bankshares Stockholders Back Board and Governance Measures
Positive
May 13, 2026
On May 12, 2026, National Bankshares, Inc. held its 2026 Annual Meeting of Stockholders, with 76.55% of eligible shares represented in person or by proxy, and stockholders elected three Class 3 directors—Mildred R. Johnson, Lutheria H. Smith...
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.