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Parkway Acquisition

OTCPK:PKKW
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PKKW
OTCPK
$50M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Parkway Acquisition Corp. operates as the holding company for the Skyline National Bank that provides various banking and financial services to individuals, and small and medium sized businesses in the United States. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
  • Parkway Acquisition has significant price volatility in the past 3 months.
PKKW Share Price and Events
7 Day Returns
-5.7%
OTCPK:PKKW
-11.6%
US Mortgage
-4.1%
US Market
1 Year Returns
-25.3%
OTCPK:PKKW
-33.4%
US Mortgage
-14.9%
US Market
PKKW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Parkway Acquisition (PKKW) -5.7% -30.4% -36.3% -25.3% -17.1% -
US Mortgage -11.6% -34.6% -39.2% -33.4% -30.1% -16.9%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • PKKW outperformed the Mortgage industry which returned -33.4% over the past year.
  • PKKW underperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
PKKW
Industry
5yr Volatility vs Market

PKKW Value

 Is Parkway Acquisition undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Parkway Acquisition to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Parkway Acquisition.

OTCPK:PKKW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $11.56 * 5.2%
$0.60
Book Value of Equity per Share Median Book Value from the past 5 years. $11.56
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:PKKW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.625 (1 + (1- 21%) (21.43%))
0.819
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.819 * 5.44%)
6.2%

Discounted Cash Flow Calculation for OTCPK:PKKW using Excess Returns Model Model

The calculations below outline how an intrinsic value for Parkway Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:PKKW Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.2% – 6.2%) * $11.56)
$-0.11
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.11 / (6.2% - 1.74%)
$-2.50
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $11.56 + $-2.50
$9.06
OTCPK:PKKW Discount to Share Price
Calculation Result
Value per share (USD) From above. $9.06
Current discount Discount to share price of $8.25
= -1 x ($8.25 - $9.06) / $9.06
8.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Parkway Acquisition is available for.
Intrinsic value
9%
Share price is $8.25 vs Future cash flow value of $9.06
Current Discount Checks
For Parkway Acquisition to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Parkway Acquisition's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Parkway Acquisition's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Parkway Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Parkway Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PKKW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.16
OTCPK:PKKW Share Price ** OTCPK (2020-04-02) in USD $8.25
United States of America Mortgage Industry PE Ratio Median Figure of 120 Publicly-Listed Mortgage Companies 10.02x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Parkway Acquisition.

OTCPK:PKKW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:PKKW Share Price ÷ EPS (both in USD)

= 8.25 ÷ 1.16

7.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Parkway Acquisition is good value based on earnings compared to the US Mortgage industry average.
  • Parkway Acquisition is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Parkway Acquisition's expected growth come at a high price?
Raw Data
OTCPK:PKKW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Mortgage Industry PEG Ratio Median Figure of 45 Publicly-Listed Mortgage Companies -0.17x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Parkway Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Parkway Acquisition's assets?
Raw Data
OTCPK:PKKW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $13.27
OTCPK:PKKW Share Price * OTCPK (2020-04-02) in USD $8.25
United States of America Mortgage Industry PB Ratio Median Figure of 132 Publicly-Listed Mortgage Companies 0.77x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
OTCPK:PKKW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:PKKW Share Price ÷ Book Value per Share (both in USD)

= 8.25 ÷ 13.27

0.62x

* Primary Listing of Parkway Acquisition.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Parkway Acquisition is good value based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Parkway Acquisition's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Parkway Acquisition has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PKKW Future Performance

 How is Parkway Acquisition expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Parkway Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Parkway Acquisition expected to grow at an attractive rate?
  • Unable to compare Parkway Acquisition's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Parkway Acquisition's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Parkway Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:PKKW Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 2%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:PKKW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PKKW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 32 9 7
2019-09-30 32 9 6
2019-06-30 32 8 6
2019-03-31 30 7 5
2018-12-31 28 6 5
2018-09-30 27 6 4
2018-06-30 25 3 3
2018-03-31 25 3 3
2017-12-31 25 0 2
2017-09-30 24 0 3
2017-06-30 24 2 3
2017-03-31 22 3 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Parkway Acquisition is high growth as no earnings estimate data is available.
  • Unable to determine if Parkway Acquisition is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:PKKW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Parkway Acquisition Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PKKW Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.16
2019-09-30 1.01
2019-06-30 0.95
2019-03-31 0.87
2018-12-31 0.81
2018-09-30 0.66
2018-06-30 0.59
2018-03-31 0.55
2017-12-31 0.48
2017-09-30 0.61
2017-06-30 0.52
2017-03-31 0.55

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Parkway Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Parkway Acquisition is trading at Parkway Acquisition'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Parkway Acquisition's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Parkway Acquisition's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Parkway Acquisition's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Parkway Acquisition has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PKKW Past Performance

  How has Parkway Acquisition performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Parkway Acquisition's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Parkway Acquisition has delivered over 20% year on year earnings growth in the past 5 years.
  • Parkway Acquisition's 1-year earnings growth exceeds its 5-year average (58.1% vs 40.4%)
  • Parkway Acquisition's earnings growth has exceeded the US Mortgage industry average in the past year (58.1% vs 10.9%).
Earnings and Revenue History
Parkway Acquisition's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Parkway Acquisition Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PKKW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 32.19 7.16 19.74
2019-09-30 32.31 6.23 19.45
2019-06-30 32.13 5.91 19.24
2019-03-31 30.38 5.18 18.52
2018-12-31 28.29 4.53 17.63
2018-09-30 26.78 3.51 17.11
2018-06-30 24.97 2.96 16.57
2018-03-31 24.94 2.76 15.93
2017-12-31 24.81 2.43 15.79
2017-09-30 24.19 3.04 16.26
2017-06-30 24.20 2.93 15.70
2017-03-31 21.54 2.67 14.26
2016-12-31 19.52 2.42 12.46
2016-09-30 16.83 1.77 10.27
2016-06-30 13.96 1.14 8.96
2016-03-31 13.73 0.97 8.75
2015-12-31 13.18 1.00 8.66
2015-09-30 13.38 1.01 8.88
2015-06-30 13.27 0.96 8.03
2015-03-31 13.23 0.95 7.51
2014-12-31 13.06 0.87 8.33
2014-09-30 12.27 0.49 7.90
2014-06-30 12.05 0.39 7.32
2014-03-31 11.87 0.37 7.28
2013-12-31 11.23 0.01 7.73
2013-09-30 11.81 0.22 8.15
2013-06-30 11.76 -0.06 8.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Parkway Acquisition has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Parkway Acquisition used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Parkway Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Parkway Acquisition's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Parkway Acquisition has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PKKW Health

 How is Parkway Acquisition's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Parkway Acquisition's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Parkway Acquisition Company Filings, last reported 3 months ago.

OTCPK:PKKW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 81.43 10.00 44.39
2019-09-30 79.86 10.00 41.19
2019-06-30 79.04 0.00 33.06
2019-03-31 77.11 0.00 38.70
2018-12-31 75.62 0.00 33.71
2018-09-30 74.44 1.00 37.24
2018-06-30 58.02 8.91 14.76
2018-03-31 57.22 0.00 19.65
2017-12-31 57.18 0.00 19.28
2017-09-30 57.80 0.00 20.42
2017-06-30 57.13 0.00 25.44
2017-03-31 56.09 0.00 37.38
2016-12-31 55.47 0.00 31.31
2016-09-30 56.33 10.00 44.04
2016-06-30 31.98 10.00 13.12
2016-03-31 31.20 10.00 15.41
2015-12-31 30.66 20.00 5.56
2015-09-30 31.35 20.00 16.49
2015-06-30 30.70 20.00 9.24
2015-03-31 31.09 20.00 13.88
2014-12-31 29.97 20.00 12.08
2014-09-30 30.75 20.00 19.24
2014-06-30 30.21 20.00 15.74
2014-03-31 29.32 20.00 21.03
2013-12-31 28.17 20.00 18.25
2013-09-30 28.08 20.00 20.40
2013-06-30 28.68 20.00 23.94
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Parkway Acquisition has an acceptable proportion of non-loan assets held.
  • Parkway Acquisition's liabilities are made up of primarily low risk sources of funding.
  • Loans at Parkway Acquisition are broadly funded by customer deposits.
  • Parkway Acquisition's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Parkway Acquisition has a low allowance for bad loans.
  • Parkway Acquisition has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Parkway Acquisition's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Parkway Acquisition has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PKKW Dividends

 What is Parkway Acquisition's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.15%
Current annual income from Parkway Acquisition dividends.
If you bought $2,000 of Parkway Acquisition shares you are expected to receive $63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Parkway Acquisition's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.04%).
  • Parkway Acquisition's dividend is below the markets top 25% of dividend payers in United States of America (5.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:PKKW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 4.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:PKKW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-19 0.260 2.543
2019-11-14 0.240 1.905
2019-11-04 0.240 1.961
2019-08-22 0.240 1.981
2019-02-21 0.240 2.095
2018-11-14 0.200 1.784
2018-11-09 0.200 1.683
2018-08-24 0.200 1.553
2018-03-23 0.200 1.542
2018-02-26 0.200 1.589
2017-11-14 0.160 1.319
2017-11-09 0.160 1.399
2017-08-25 0.160 1.446
2017-02-22 0.140 1.384
2016-11-14 0.120 1.384
2016-09-01 0.120 1.464

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Parkway Acquisition has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Parkway Acquisition only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Parkway Acquisition's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Parkway Acquisition's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Parkway Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Parkway Acquisition has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PKKW Management

 What is the CEO of Parkway Acquisition's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Blake Edwards
COMPENSATION $336,162
AGE 53
TENURE AS CEO 1.3 years
CEO Bio

Mr. Blake M. Edwards, Jr., has been President and Chief Executive Officer of Grayson Bankshares Inc. (now, Parkway Acquisition Corp.) since January 1, 2019. Mr. Edwards has been a Director of Parkway Acquisition Corp. since February 19, 2019. Mr. Edwards serves as President and Chief Executive Officer at Skyline National Bank since January 1, 2019 and served as its Chief Financial Officer since June 1999 until January 15, 2019. Mr. Edwards served as Chief Financial Officer of Parkway Acquisition Corp. since 2016 until January 15, 2019. Mr. Edwards served its subsidiary Grayson National Bank since 1999 and as served its Senior Executive Vice President since 2013. Mr. Edwards also served as Senior Executive Vice President and Chief Financial Officer at Parkway Acquisition Corp. since November 2015 till December 2018. Prior to that, he worked with a public accounting firm where his primary focus was providing audit and advisory services to community banks. He is a graduate of Radford University. Mr. Edwards serves as Chairman of the Board of Trustees of Twin County Regional Healthcare, Inc. He is a graduate of Radford University. He has also attended the AICPA’s School of Banking at the University of Virginia and the Graduate School of Bank Investments and Financial Management at the University of South Carolina.

CEO Compensation
  • Blake's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Blake's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Parkway Acquisition management team in years:

3.8
Average Tenure
50
Average Age
  • The tenure for the Parkway Acquisition management team is about average.
Management Team

Blake Edwards

TITLE
President
COMPENSATION
$336K
AGE
53
TENURE
1.3 yrs

Jonathan Kruckow

TITLE
Executive Vice President & Regional President of Virginia
COMPENSATION
$185K
AGE
34

C. Edwards

TITLE
Executive VP & Regional President of NC for Skyline National Bank
COMPENSATION
$176K
AGE
61

Lori Vaught

TITLE
Executive VP & CFO
AGE
45
TENURE
1.3 yrs

Rodney Halsey

TITLE
Executive VP & COO of Skyline National Bank
COMPENSATION
$152K
AGE
50
TENURE
8.9 yrs

Mary Tabor

TITLE
Executive VP & Chief Credit Officer of Skyline National Bank
AGE
55
TENURE
3.8 yrs

Lynn Murray

TITLE
Chief Marketing & Human Resources Officer of Skyline National Bank
AGE
63
TENURE
3.8 yrs

Milo Cockerham

TITLE
Executive VP & Chief Risk Officer of Skyline National Bank
AGE
32

Beth Worrell

TITLE
Executive VP & Chief Risk Officer of Skyline National Bank
AGE
45

Suzanne Yearout

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Parkway Acquisition board of directors in years:

4.4
Average Tenure
58.5
Average Age
  • The tenure for the Parkway Acquisition board of directors is about average.
Board of Directors

Tom Jackson

TITLE
Independent Chairman of the Board
COMPENSATION
$31K
AGE
61
TENURE
4.4 yrs

Blake Edwards

TITLE
President
COMPENSATION
$336K
AGE
53
TENURE
1.2 yrs

Jim Shortt

TITLE
Independent Vice Chairman of the Board
COMPENSATION
$29K
AGE
56
TENURE
3.8 yrs

Joseph Conduff

TITLE
Independent Director
COMPENSATION
$27K
AGE
60
TENURE
4.4 yrs

Frank Stewart

TITLE
Independent Director
COMPENSATION
$26K
AGE
57
TENURE
1.8 yrs

Bryan Edwards

TITLE
Independent Director
COMPENSATION
$28K
AGE
68
TENURE
4.4 yrs

Melissa Gentry

TITLE
Independent Director
COMPENSATION
$26K
AGE
54
TENURE
3.8 yrs

Jacky Anderson

TITLE
Director
COMPENSATION
$30K
AGE
67
TENURE
4.4 yrs

J. Vaughan

TITLE
Independent Director
COMPENSATION
$26K
AGE
50
TENURE
4.4 yrs

Theresa Lazo

TITLE
Independent Director
COMPENSATION
$27K
AGE
62
TENURE
4.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Parkway Acquisition's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Parkway Acquisition has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PKKW News

Simply Wall St News

PKKW Company Info

Description

Parkway Acquisition Corp. operates as the holding company for the Skyline National Bank that provides various banking and financial services to individuals, and small and medium sized businesses in the United States. Its deposit products include savings, demand, NOW, and money market deposits; certificates of deposit; and checking accounts and individual retirement accounts. The company also provides single and multi-family housing loans, farm loans, residential and commercial construction loans, loans for commercial real estate, commercial and agricultural production loans, lines of credit, and mortgage loans, as well as consumer loans, such as loans for household expenditures, car loans, and other loans. It operates through 20 full-service banking offices and 4 loan production offices. The company was formerly known as Grayson Bankshares, Inc. Parkway Acquisition Corp. was founded in 1900 and is headquartered in Floyd, Virginia.

Details
Name: Parkway Acquisition Corp.
PKKW
Exchange: OTCPK
Founded: 1900
$50,055,018
6,067,275
Website: http://www.skylinenationalbank.bank
Address: Parkway Acquisition Corp.
101 Jacksonville Circle,
Floyd,
Virginia, 24091,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK PKKW Common Stock Pink Sheets LLC US USD 31. Aug 2016
Number of employees
Current staff
Staff numbers
211
Parkway Acquisition employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 00:54
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/03/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.