NATIONAL BANKSHARES INC (NKSH)
Financials · regional banks · NASDAQ
A community-oriented financial holding company providing retail and commercial banking services throughout Virginia.
What NATIONAL BANKSHARES INC does
National Bankshares, Inc. is a financial holding company that operates primarily through its subsidiary, The National Bank of Blacksburg, a community bank serving southwest, western, and central Virginia. It provides a full range of retail and commercial banking services, including lending, deposit accounts, and wealth management, alongside insurance and investment services through its subsidiary, National Bankshares Financial Services, Inc.
Recent developments
In the second quarter of 2026, the Company sold its stake in Bearing Insurance Group, LLC for a $6.57 million gain and completed a strategic repositioning of its securities portfolio to improve future interest income. Net income for the first six months of 2026 was $10.01 million, compared to $5.53 million for the same period in 2025.
From NATIONAL BANKSHARES INC's filing of 2026-08-12.
Themes: community banking, regional financial services, wealth management
Fundamentals
- Price$42.98 as of 2026-10-08 close
- Market cap$274M as of 2026-08-12 (share count; price 2026-10-08)
- 1-year return+50.2% 2025-10-08 close $28.62 → 2026-10-08 close $42.98
- P/E15.57 as of 2026-10-08
- ROE+8.6% FY2025, SEC XBRL
- Debt / equity0.00 as of 2026-09-03
- Revenue growth (YoY)+20.2% as of 2026-09-03
- Beta0.57 as of 2026-09-03
- Last reported earnings2026-07-23 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +3.5%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
How NKSH compares in its sector
- price-to-earnings ratiomiddle range 513 covered Financials peers, as of 2026-10-08
- return on equitymiddle range 559 covered Financials peers, as of 2026-09-03
- indicated dividend yieldmiddle range 468 covered Financials peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 430 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, NKSH's dividend was covered by reported results (earnings payout 61%, free-cash-flow payout 63%). This describes past coverage, not a forecast.
- Earnings payout61% dividends / net income
- Free-cash-flow payout63% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How NATIONAL BANKSHARES INC looks technically
NATIONAL BANKSHARES INC (NKSH) is trading 14.2% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 284 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 10, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 57, neither overbought (above 70) nor oversold (below 30). It made a new 20-day high about 18 trading days ago. It is 1.6% below its 52-week high (its highest price of the past year). Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 2% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 14.2% above its 200-day average, the long-term trend line — a longer-term uptrend | +14.2% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $41.92 | $41.92 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $37.63 | $37.63 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 7 calendar days ago — the swings before that are what the structure reading is measured on | 7 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 41.02. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 284 trading days ago — a "golden cross", a bullish long-term signal | 284 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 10, below the 25 that marks a real trend) | 9.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 57, neither overbought (above 70) nor oversold (below 30) | 57.4 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($41.02 to $43.67) — its "stochastic" reading is 74 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 74.0 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 15 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $43.67 | $43.67 |
|---|---|---|
| From the 52-week high | it is 1.6% below its 52-week high (its highest price of the past year) | -1.6% |
| Above the 52-week low | it is 59.2% above its 52-week low (its lowest price of the past year) | +59.2% |
| Below the 52-week high | it is 1.6% below its highest point of the past year | 1.6% |
| Since a 20-day breakout | it made a new 20-day high about 18 trading days ago | 18 sessions |
| Since a 55-day breakout | it made a new 55-day high about 18 trading days ago | 18 sessions |
| All-time high | its highest closing price on record is $49.75 (set on 2018-06-26) | $49.75 |
| Given back of the 52-week move | over the past year its closes ranged ($27.18 to $43.30), and it has given back essentially none of its rise from last year’s low — 2% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $32.82 to $33.34. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 2.0% |
| From the all-time high | it is 13.6% below its all-time high | -13.6% |
| Nearest price level | it is trading 0.8% below a resistance level at $43.31 — a price it turned at twice since 2026-08-18, most recently on 2026-09-14. Since 2024-10-08 it has 13 such levels below the current price and 1 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.8% |
| All-time low | its lowest closing price on record is $15.00 (set on 2008-10-10) | $15.00 |
| Above the all-time low | it is 186.5% above its all-time low | +186.5% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 2% of the past ~6 months), which often precedes a bigger move | 2nd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.03 between its high and its low — about 2.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.03 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $41.76 and $43.42 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $41.76 – $42.59 – $43.42 |
| Typical daily range (% of price) | its price moves about 2.4% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.4% |
| Stretch from the 200-day average | it is trading 5.2 daily ranges above its 200-day average price (14.2% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 5.2 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.94× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
1
| Since a doji | 1 session ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 1 session ago |
|---|
Price gaps
2
| Gap at the open | it opened on 2026-10-08 0.4% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.4% |
|---|---|---|
| Gap filled | a 2.3% gap down opened on 2026-08-20 has been "filled" 33 sessions ago — price traded back through the level the gap left behind, and it took 1 session to close | 33 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 1.8 percentage points (the stock gained 2.8% while the market gained 1.0%) | +1.8% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 17.1 percentage points (the stock gained 20.9% while the market gained 3.8%) | +17.1% |
| vs market, 6 months | over the past 6 months this stock has tracked the market almost exactly (the stock gained 17.4% while the market gained 17.5%) | -0.0% |
| vs market, 12 months | over the past 12 months this stock beat the market by 35.2 percentage points (the stock gained 50.2% while the market gained 15.0%) | +35.2% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: MACD momentum is negative — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 6.5% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 3.9% of the share price. | +6.5% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 13% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $38.11 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | +12.8% |
|---|---|---|
| Vs the average paid since it last reported | the price is 3% above the average price paid since it last reported on 2026-07-23 (its 8-K), so the typical buyer over that stretch is showing a gain. That average is $41.64 — a volume-weighted average of daily closes over 55 sessions, not a true tick-by-tick VWAP. | +3.2% |
Double top, bearish — forming · entry $40.21 · 36 sessions in
Ascending triangle, either side — broke down · entry $43.36 · 54 sessions in
Price levels it has turned at before
NKSH last closed at $42.98 on 2026-10-08. Since 2024-10-08 it has turned at 13 prices below its last close and 1 above; the 3 nearest below and the nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $43.31 | Resistance | 0.8% above the last close | turned there twice · 2026-08-18 to 2026-09-14 |
| $38.98 | Support | 9.3% below the last close | turned there three times · 2026-02-26 to 2026-09-01 |
| $37.95 | Support | 11.7% below the last close | turned there 8 times · 2026-01-26 to 2026-07-16 |
| $35.17 | Support | 18.2% below the last close | turned there five times · 2025-12-22 to 2026-07-23 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $41.02.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 1 trading day, since 2026-10-08.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Near the 52-week high · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) · Trading above the Ichimoku cloud · Near a resistance level (pressing into a price that has capped it before) | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low · bollinger bands
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$46.75 range $46.75 – $46.75
Analyst estimates, as of 2026-10-04. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for NKSH
- Consensus EPS estimate$0.98 next reporting period, as of 2026-10-04
- Estimate change, 30 days$0.00 (0.0%) from $0.98, on 2026-08-30, 35-day window
- Readings revised upward0% of 8 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["inflation and interest rate fluctuations impacting margins","maintaining adequate liquidity and deposit retention","credit losses in the loan portfolio"]
What changed in the latest 10-Q
AI-assisted comparison of NKSH's 10-Q filed 2026-05-13 against the prior one filed 2025-11-13.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-13) references Company's '2025 Form 10-K' instead of older filing's '2024 Form 10-K'
- Newer filing adds bullet point: 'our ability to maintain existing deposit relationships or attract new deposit relationships'
- Newer filing adds bullet point: 'changes in consumer spending, borrowing and savings habits'
- Newer filing adds bullet point: 'increased competition with other financial institutions and fintech companies'
- Newer filing expands geopolitical conditions bullet to include 'or actions taken by the U.S. or other governments in response to trade restrictions and tariffs, and acts or threats of terrorism and/or military conflicts' (older version only referenced response to terrorism/military conflicts)
- Removed:
- Older filing (2025-11-13) included statement: 'Income from NBFS is not significant at this time, nor is it expected to be so in the near future.' This statement is removed in newer filing.
- Older filing listed 'demand for loan products' and 'deposit flows' and 'competition' as separate bullet points; newer filing consolidates/rewrites these as single items
- Older filing designated critical accounting policies as: 'allowance for credit losses, goodwill, the pension plan, core deposit intangibles and loans acquired in a business combination'; newer filing designates only: 'ACLL and the pension plan'
- Older filing included section: 'Acquisition of Frontier Community Bank' dated June 1, 2024 with details about FCB acquisition; this section is removed in newer filing
- Older filing included section: 'Non-GAAP Financial Measures' with subsection 'Net Interest Margin'; these sections are removed/truncated in newer filing
- Reworded:
- Older filing's geopolitical bullet stated: 'acts or threats of terrorism and/or military conflicts, or actions taken by the U.S. or other governments in response to acts or threats of terrorism and/or military conflicts'; newer filing rewrites to reference 'trade restrictions and tariffs' first, then terrorism/military conflicts
- Older filing combined 'our ability to maintain existing deposit relationships or attract new deposit relationships' with other factors; newer filing lists this as standalone bullet point
- Older filing's risk factors included vague 'competition' and separate items for 'demand for loan products' and 'deposit flows'; newer filing specifies 'increased competition with other financial institutions and fintech companies' and 'changes in consumer spending, borrowing and savings habits'
- Notes:
- Newer filing text is truncated at 'If management determines that a borrower is experienci'; comparison of ACLL and subsequent sections may be incomplete
- Page numbers differ (27 in newer vs. 32 in older), suggesting structural/content changes beyond the compared section
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
Most recent open-market transaction: 2026-03-13. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about NKSH's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding NKSH as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 770,534
- Reported value $27,993,501
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 5 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about NKSH's institutional holders → See what each manager we track holds →
Short interest (FINRA)
NKSH had 116,014 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
NKSH had 1.82% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.8 days to cover at the same settlement.
- Reported short interest (shares) 116,014
- Short interest (% of shares outstanding) 1.82%
- Prior settlement (shares) 100,479
- Reported change 15.46%
- Days to cover (reported) 2.8
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Truist Financial (TFC)
- Atlantic Union Bankshares (AUB)
- Carter Bankshares (CARE)
- TowneBank (TOWN)
- FVCBankcorp (FVCB)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does NATIONAL BANKSHARES INC (NKSH) do?
National Bankshares, Inc. is a financial holding company that operates primarily through its subsidiary, The National Bank of Blacksburg, a community bank serving southwest, western, and central Virginia. It provides a full range of retail and commercial banking services, including lending, deposit accounts, and wealth management, alongside insurance and investment services through its subsidiary, National Bankshares Financial Services, Inc.
What sector is NATIONAL BANKSHARES INC (NKSH) in?
NATIONAL BANKSHARES INC (NKSH) is classified in the Financials sector. Its industry is regional banks. It trades on NASDAQ.
Does NKSH pay a dividend?
Yes — NATIONAL BANKSHARES INC (NKSH) pays a dividend, with an indicated yield of about 3.52% and 2-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.
Who are NATIONAL BANKSHARES INC's (NKSH) competitors?
Notable peers of NATIONAL BANKSHARES INC (NKSH) include Truist Financial, Atlantic Union Bankshares, Carter Bankshares, TowneBank and FVCBankcorp. This peer set is informational only — not financial advice.
Is NATIONAL BANKSHARES INC (NKSH) overbought or oversold right now?
NATIONAL BANKSHARES INC (NKSH) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 57, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on NKSH come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.