NKSH
National Bankshares, Inc.
NKSH's fundamentals are strong: its operating margin rose 12 points to 42% and revenue grew 19%. At 12x earnings, it's trading in line with its usual 13x. Analysts expect strong earnings growth.
NKSH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
NKSH's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like NKSH.
NKSH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.6x | $32.39 | -18% |
| Forward | 10x | $39.59 | — |
| Current | 12x | $39.59 | — |
| Fair | 13x | $42.43 | +7.2% |
| Expensive | 17x | $56.42 | +42% |
Historical ranges are pointers, not guarantees.
NKSH's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 10x next year's earnings, in its cheap range.
NKSH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for NKSH, with profitability improving.
NKSH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.85 | +15% |
| Q3 2026 | $3.36 | +63% |
| Q2 2026 | $3.19 | +78% |
| Q1 2026 | $2.76 | +100% |
| Q4 2025 | $2.49 | +101% |
| Q3 2025 | $2.06 | +42% |
| Q2 2025 | $1.79 | +15% |
| Q1 2025 | $1.38 | -39% |
| Q4 2024 | $1.24 | -53% |
NKSH earned $3.36 per share over the past year, up 63% from the year before.
NKSH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $16.4M | +16% |
| Q2 2026 | $15.7M | +18% |
| Q1 2026 | $15.3M | +19% |
| Q4 2025 | $15.3M | +25% |
| Q3 2025 | $14.2M | +21% |
| Q2 2025 | $13.3M | +21% |
| Q1 2025 | $12.8M | +23% |
| Q4 2024 | $12.2M | +14% |
NKSH's revenue has grown year over year for nine quarters in a row: $16M last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 41% | +3.4 points |
| Q2 2026 | 39% | +19 points |
| Q1 2026 | 40% | +9.1 points |
| Q4 2025 | 47% | +17 points |
| Q3 2025 | 38% | +10 points |
| Q2 2025 | 20% | +24 points |
| Q1 2025 | 30% | +4.7 points |
| Q4 2024 | 30% | -17 points |
NKSH's operating margin was 41% last quarter, up 3.4 points from the same quarter a year ago.
NKSH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.1M | +33% |
| Q2 2026 | $3.3M | +118% |
| Q1 2026 | $3.1M | +92% |
| Q4 2025 | $6.7M | +50% |
| Q2 2025 | $1.5M | +$4.5M |
| Q1 2025 | $1.6M | -58% |
| Q2 2024 | -$2.9M | -173% |
| Q1 2024 | $3.8M | -11% |
NKSH's free cash flow was $20M over the past year, up 56% from the year before. Free cash flow isn't a meaningful measure for financial services companies like NKSH.
NKSH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +1.3K shares |
| 1 year | +0.1% | +5.1K shares |
| 3 years | +8.1% | +479K shares |
| 5 years | +3.7% | +226K shares |
| Available history | -3.2% | -212K shares |
NKSH has 6M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | $2.6M |
| Q3 2022 | $796,000 |
| Q2 2022 | $1.4M |
| Q1 2022 | $1.5M |
NKSH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | -2.7x | Net Cash |
| Q4 2025 | -2.9x | Net Cash |
| Q3 2025 | -2.5x | Net Cash |
| Q2 2025 | -6.3x | Net Cash |
| Q1 2025 | -10.6x | Net Cash |
| Q4 2024 | -10.5x | Net Cash |
NKSH has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NKSH.
NKSH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.8 | Neutral |
| Stochastic | 18.9 | Oversold |
NKSH's weekly RSI is 50 (neutral) and its Stochastic is 19 (oversold).
NKSH PE vs Financial Services Sector
| Metric | NKSH | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.5% below |
| PE % | 42 | 63 | 21 pts below |
NKSH is trading at 12x earnings, in line with the Financial Services sector's median of 13x.
NKSH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $41.3 | 4.2% below |
| 20 week MA | $40.6 | 2.4% below |
| 50 week MA | $37.7 | 5% above |
| 100 week MA | $32.9 | 20% above |
| 200 week MA | $31.8 | 25% above |
NKSH has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 25% above its 200-week average.
NKSH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.1 | $31.7 | -31% |
| 2021 | $31.7 | $35.6 | +12% |
| 2022 | $35.6 | $39.8 | +12% |
| 2023 | $39.8 | $32.4 | -19% |
| 2024 | $32.4 | $28.4 | -12% |
| 2025 | $28.4 | $33.9 | +19% |
| 2026 YTD | $33.9 | $39.6 | +17% |
NKSH has finished lower in three of the last six years. It's up 17% so far in 2026.