Symbols / NKSH Stock $35.18 +2.15% National Bankshares, Inc.

Financial Services • Banks - Regional • United States • NCM
NKSH (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Ms. Lara E. Ramsey
Exch · Country NCM · United States
Market Cap 224.04M
Enterprise Value 157.00M
Income 17.57M
Sales 58.42M
FCF (ttm) —
Book/sh 29.06
Cash/sh 9.77
Employees 245
Insider 10d —
IPO Dec 01, 1999
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 54.71%
P/E 12.75
Forward P/E 10.50
PEG —
P/S 3.84
P/B 1.21
P/C —
EV/EBITDA —
EV/Sales 2.69
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 2.76
EPS next Y 3.35
EPS Growth 53.30%
Revenue Growth 22.70%
EPS Gr Q/Q 53.90%
Rev Gr Q/Q —
Earnings (next) 2026-07-23
Earnings (prior) 2026-04-23
ROA 0.96%
ROE 9.91%
ROIC —
Gross Margin 0.00%
Oper. Margin 41.24%
Profit Margin 30.08%
Shs Outstand 6.37M
Shs Float 6.14M
Insider Own 3.31%
Instit Own 37.56%
Short Float 0.93%
Short Ratio 0.77
Short Interest 56.99K
52W High 40.00
vs 52W High -12.05%
52W Low 24.74
vs 52W Low 42.20%
Beta 0.57
Impl. Vol. —
Rel Volume 0.68
Avg Volume 46.67K
Volume 31.73K
Target (mean) $41.00
Tgt Median $41.00
Tgt Low $41.00
Tgt High $41.00
# Analysts 1
Recom None
Prev Close $34.44
Price $35.18
Change 2.15%
About

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 non-real estate loans, including commercial and agricultural loans; commercial and consumer real estate loans; residential real estate loans; home equity loans; various consumer loans, such as credit cards, automobile, and other consumer loans; and public sector and IDA loans, as well as loans for the construction of commercial and residential properties. The company also provides business and consumer debit and credit cards; letters of credit, night depository, safe deposit boxes, utility payment services, and automatic funds transfer; wealth management, trust, and estate services; non-deposit investment and insurance products; and telephone, mobile, and Internet banking services, as well as operates automated teller machines. The company was founded in 1891 and is headquartered in Blacksburg, Virginia.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$41.00
Mean price target
2. Current target
$35.18
Latest analyst target
3. DCF / Fair value
$41.40
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$35.18
Low
$41.00
High
$41.00
Mean
$41.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-11-22 up Janney Montgomery Scott Neutral → Buy $38
2023-07-24 down Piper Sandler Overweight → Neutral $31
2022-06-02 init Janney Montgomery Scott — → Neutral $37
2020-04-27 up Piper Sandler Neutral → Overweight —
2019-11-22 down Piper Sandler Buy → Hold —
2019-02-04 up Piper Sandler Hold → Buy —
2018-10-22 down Piper Sandler Buy → Hold $48
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-13 SWEET ALAN JEFFREY Director — 215 $37.10 $7,976
2026-02-13 SKEENS DAVID K Chief Operating Officer — 1,036 $0.00 $0
2026-02-13 RAMSEY LARA E Chief Executive Officer — 1,228 $0.00 $0
2026-02-13 MYLUM PAUL M Officer — 1,215 $0.00 $0
2026-02-13 JONES LORA M Chief Financial Officer — 994 $0.00 $0
2025-12-10 DENARDO F BRAD Director — 219 $0.00 $0
2025-12-10 MILLER MARY G Director — 219 $0.00 $0
2025-12-10 BALL LAWRENCE J Director — 219 $0.00 $0
2025-12-10 REYNOLDS GLENN P Director — 219 $0.00 $0
2025-12-10 DOOLEY JOHN ELLIOTT Director — 219 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
55.56
+22.50%
45.36
-2.76%
46.64
-21.51%
59.43
Operating Revenue
55.56
+22.50%
45.36
-2.76%
46.64
-21.51%
59.43
Selling General And Administration
21.69
+8.48%
19.99
+10.66%
18.07
+6.30%
17.00
General And Administrative Expense
21.69
+8.48%
19.99
+10.66%
18.07
+6.30%
17.00
Salaries And Wages
20.86
+8.74%
19.18
+10.76%
17.32
+4.84%
16.52
Other Gand A
—
—
—
—
Reconciled Depreciation
1.47
+29.20%
1.14
+50.80%
0.75
+23.81%
0.61
Total Unusual Items
0.00
+100.00%
-2.92
0.00
—
Total Unusual Items Excluding Goodwill
0.00
+100.00%
-2.92
0.00
—
Special Income Charges
0.00
+100.00%
-2.92
0.00
—
Restructuring And Mergern Acquisition
0.00
-100.00%
2.92
0.00
—
Net Income
15.83
+107.61%
7.62
-51.42%
15.69
-39.49%
25.93
Pretax Income
19.17
+110.11%
9.12
-51.15%
18.68
-41.21%
31.76
Net Interest Income
45.56
+25.47%
36.31
-2.61%
37.28
-20.72%
47.03
Interest Expense
29.75
-11.78%
33.72
+56.49%
21.55
+598.99%
3.08
Interest Income
75.31
+7.54%
70.03
+19.04%
58.83
+17.41%
50.11
Gain On Sale Of Security
—
0.00
+100.00%
-0.36
-109.44%
3.82
Tax Provision
3.34
+122.82%
1.50
-49.77%
2.98
-48.83%
5.83
Tax Rate For Calcs
0.00
+6.09%
0.00
+2.82%
0.00
-12.96%
0.00
Tax Effect Of Unusual Items
0.00
+100.00%
-0.48
0.00
0.00
Net Income Including Noncontrolling Interests
15.83
+107.61%
7.62
-51.42%
15.69
-39.49%
25.93
Net Income From Continuing Operation Net Minority Interest
15.83
+107.61%
7.62
-51.42%
15.69
-39.49%
25.93
Net Income From Continuing And Discontinued Operation
15.83
+107.61%
7.62
-51.42%
15.69
-39.49%
25.93
Net Income Continuous Operations
15.83
+107.61%
7.62
-51.42%
15.69
-39.49%
25.93
Normalized Income
15.83
+57.32%
10.06
-35.89%
15.69
-39.49%
25.93
Net Income Common Stockholders
15.83
+107.61%
7.62
-51.42%
15.69
-39.49%
25.93
Diluted EPS
2.49
+100.81%
1.24
-53.38%
2.66
-38.57%
4.33
Basic EPS
2.49
+100.81%
1.24
-53.38%
2.66
-38.57%
4.33
Basic Average Shares
6.36
+3.22%
6.16
+4.61%
5.89
-1.67%
5.99
Diluted Average Shares
6.36
+3.23%
6.16
+4.65%
5.89
-1.66%
5.99
Diluted NI Availto Com Stockholders
15.83
+107.61%
7.62
-51.42%
15.69
-39.49%
25.93
Amortization
0.37
+57.38%
0.24
—
—
Amortization Of Intangibles Income Statement
0.37
+57.38%
0.24
—
—
Depreciation Amortization Depletion Income Statement
0.37
+57.38%
0.24
—
—
Depreciation And Amortization In Income Statement
0.37
+57.38%
0.24
—
—
Insurance And Claims
0.83
+2.34%
0.81
+8.41%
0.75
+57.02%
0.48
Occupancy And Equipment
3.08
+16.11%
2.65
+32.17%
2.00
+3.67%
1.93
Other Non Interest Expense
9.83
+20.43%
8.16
+10.03%
7.42
+5.52%
7.03
Professional Expense And Contract Services Expense
1.45
+37.58%
1.05
-39.56%
1.74
+74.07%
1.00
Line Item Trend 2023-12-31
Total Assets
1,655.37
Cash And Cash Equivalents
86.60
Cash Financial
12.97
Other Short Term Investments
618.60
Receivables
6.31
Accounts Receivable
6.31
Net PPE
11.11
Gross PPE
23.59
Accumulated Depreciation
-12.48
Properties
15.72
Machinery Furniture Equipment
7.86
Goodwill And Other Intangible Assets
5.85
Goodwill
5.85
Other Intangible Assets
—
Investments And Advances
618.60
Total Liabilities Net Minority Interest
1,514.85
Payables And Accrued Expenses
1.42
Payables
1.42
Accounts Payable
1.42
Stockholders Equity
140.52
Common Stock Equity
140.52
Capital Stock
7.40
Common Stock
7.40
Preferred Stock
0.00
Share Issued
5.89
Ordinary Shares Number
5.89
Treasury Shares Number
0.00
Retained Earnings
197.98
Gains Losses Not Affecting Retained Earnings
-64.87
Other Equity Adjustments
-64.87
Total Equity Gross Minority Interest
140.52
Net Tangible Assets
134.67
Tangible Book Value
134.67
Available For Sale Securities
—
Cash Cash Equivalents And Federal Funds Sold
87.87
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
17.89
+89.55%
9.44
-39.20%
15.52
-47.38%
29.50
Cash Flow From Continuing Operating Activities
17.89
+89.55%
9.44
-39.20%
15.52
-47.38%
29.50
Net Income From Continuing Operations
15.83
+107.61%
7.62
-51.42%
15.69
-39.49%
25.93
Depreciation Amortization Depletion
1.47
+29.20%
1.14
+50.80%
0.75
+23.81%
0.61
Depreciation
1.10
+21.78%
0.90
+19.36%
0.75
+23.81%
0.61
Amortization Cash Flow
0.37
+57.38%
0.24
0.00
—
Depreciation And Amortization
1.47
+29.20%
1.14
+50.80%
0.75
+23.81%
0.61
Amortization Of Intangibles
0.37
+57.38%
0.24
0.00
—
Other Non Cash Items
-2.24
-272.00%
1.30
+201.72%
-1.28
-1272.48%
0.11
Stock Based Compensation
0.19
+50.78%
0.13
+204.76%
0.04
0.00
Deferred Tax
0.70
+179.64%
-0.88
-217.87%
0.75
+788.07%
-0.11
Deferred Income Tax
0.70
+179.64%
-0.88
-217.87%
0.75
+788.07%
-0.11
Operating Gains Losses
-0.23
-36.53%
-0.17
-105.18%
3.23
+2042.77%
-0.17
Gain Loss On Investment Securities
—
0.00
-100.00%
3.33
0.00
Gain Loss On Sale Of PPE
-0.00
-300.00%
0.00
0.00
+100.00%
-0.01
Change In Working Capital
1.12
+156.29%
-2.00
+42.62%
-3.48
-399.23%
1.16
Change In Receivables
-0.07
-138.12%
0.18
+158.01%
-0.31
+65.22%
-0.90
Changes In Account Receivables
-0.07
-138.12%
0.18
+158.01%
-0.31
+65.22%
-0.90
Change In Payables And Accrued Expense
0.12
+233.71%
-0.09
-106.79%
1.31
+2158.62%
0.06
Change In Payable
0.12
+233.71%
-0.09
-106.79%
1.31
+2158.62%
0.06
Change In Account Payable
0.12
+233.71%
-0.09
-106.79%
1.31
+2158.62%
0.06
Change In Other Current Assets
-0.57
+81.32%
-3.04
-76.70%
-1.72
-7070.83%
-0.02
Change In Other Current Liabilities
1.64
+72.01%
0.95
+134.64%
-2.75
-236.00%
2.02
Investing Cash Flow
-39.18
-348.18%
15.79
-70.32%
53.19
+141.01%
-129.71
Cash Flow From Continuing Investing Activities
-39.18
-348.18%
15.79
-70.32%
53.19
+141.01%
-129.71
Net PPE Purchase And Sale
-2.74
+14.77%
-3.21
-115.15%
-1.49
-19.46%
-1.25
Purchase Of PPE
-2.74
+15.91%
-3.26
-118.23%
-1.49
-18.60%
-1.26
Sale Of PPE
0.00
-95.65%
0.05
0.00
-100.00%
0.01
Capital Expenditure
-2.74
+15.91%
-3.26
-118.23%
-1.49
-18.60%
-1.26
Net Investment Purchase And Sale
-26.79
-204.89%
25.54
-55.75%
57.72
+173.34%
-78.71
Purchase Of Investment
-83.87
0.00
0.00
+100.00%
-117.34
Sale Of Investment
57.08
+123.51%
25.54
-55.75%
57.72
+49.41%
38.63
Net Business Purchase And Sale
0.00
-100.00%
6.90
0.00
—
Net Other Investing Changes
—
0.17
-84.15%
1.07
+1210.42%
-0.10
Financing Cash Flow
-27.58
-643.37%
-3.71
+93.07%
-53.54
-262.97%
32.85
Cash Flow From Continuing Financing Activities
-27.58
-643.37%
-3.71
+93.07%
-53.54
-262.97%
32.85
Net Issuance Payments Of Debt
0.00
+100.00%
-5.23
0.00
—
Repayment Of Debt
0.00
+100.00%
-5.23
0.00
—
Long Term Debt Payments
0.00
+100.00%
-5.23
0.00
—
Net Long Term Debt Issuance
0.00
+100.00%
-5.23
0.00
—
Net Common Stock Issuance
—
—
0.00
+100.00%
-6.34
Common Stock Payments
—
—
0.00
+100.00%
-6.34
Common Stock Dividend Paid
-9.61
-3.75%
-9.26
+37.34%
-14.78
-65.18%
-8.95
Cash Dividends Paid
-9.61
-3.75%
-9.26
+37.34%
-14.78
-65.18%
-8.95
Repurchase Of Capital Stock
—
—
0.00
+100.00%
-6.34
Changes In Cash
-48.87
-327.14%
21.51
+41.78%
15.17
+122.53%
-67.36
Beginning Cash Position
108.12
+24.84%
86.60
+21.24%
71.43
-48.53%
138.79
End Cash Position
59.25
-45.20%
108.12
+24.84%
86.60
+21.24%
71.43
Free Cash Flow
15.15
+145.10%
6.18
-55.94%
14.03
-50.32%
28.24
Interest Paid Supplemental Data
29.48
-12.46%
33.68
+66.40%
20.24
+569.09%
3.02
Income Tax Paid Supplemental Data
2.21
+208.95%
0.71
-71.91%
2.54
-34.08%
3.86
Sale Of Business
0.00
-100.00%
6.90
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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