I typically don't speak on the valuation of a company I review until after I have gone over the financials but for this article I thought I would. Especially considering that not too many regional banks are trading over 1.5X TBV, exactly where we find shares of National Bankshares Inc. (NKSH).
National Bankshares is a $256 million bank holding company that is headquartered in Southwest Virginia, where it operates 25 locations throughout the area. When last reported, NKSH had $1.098 billion in assets, $574 million worth of gross loans and $937 in deposits.
(in thousands of dollars)
As you can see above, ~99.2% of the banks...
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