NASB Financial, Inc. (NASB)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
NASB Financial, Inc. (NASB) trades at $40.30 with AI Score 68/100 (Grade B+). NASB Financial, Inc. operates as a unitary thrift holding company for North American Savings Bank, F. S. Market cap: $289.22M, Sector: Financial services.
Price live · AI analysis from Jun 14, 2026Analyst Coverage for NASB: NASB does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NASB against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
NASB: 5/6 perspectives are bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →NASB Financial, Inc. (NASB) Financial Services Profile
NASB Financial, Inc. functions as a regional unitary thrift holding company, offering diverse banking products including deposit accounts, residential mortgages, and commercial real estate loans. With 10 branch offices and 50 ATMs, it focuses on community-based financial services within its operational footprint, catering to both individual and business clients in the United States.
What Is the Investment Thesis for NASB?
NASB Financial, Inc. presents a case as a regionally focused financial institution with an established operational history since 1927, offering a diversified portfolio of banking products and lending services. The company's current valuation metrics, including a P/E ratio of 9.0 and a robust profit margin of 20.5%, suggest operational efficiency and potentially attractive earnings relative to its share price. A notable dividend yield of 4.07% positions it as a potential consideration for income-focused investors. Key growth catalysts include the strategic expansion of its commercial real estate and development loan segments, which offer higher yield potential, and deepening market penetration within its existing regional footprint by leveraging its community-bank model to foster customer loyalty and cross-selling opportunities. However, investors must consider the inherent risks associated with its OTC Other tier trading, which implies lower liquidity and less transparent disclosure. Additionally, the banking sector's sensitivity to interest rate fluctuations and credit risk within its loan portfolio remain ongoing considerations for its financial performance.
Based on FMP financials and quantitative analysis
NASB Key Highlights
- Market capitalization of $289.22M, reflecting its scale as a regional financial institution.
- P/E ratio of 9.0, indicating its valuation relative to earnings within the banking sector.
- Profit margin of 20.5%, demonstrating operational efficiency in its core banking and lending activities.
- Dividend yield of 4.07%, providing income to shareholders.
- Operates 10 branch offices, 50 ATMs, and 3 mortgage loan offices, supporting its community-focused service model and regional accessibility.
Who Are NASB's Competitors?
NASB is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| MCHB Mechanics Bank | $16.24 | +0.50% | $3.58B | 71 |
| STLE Steele Bancorp Inc. | $43.05 | -0.67% | $80.01M | 69 |
| ASBA Associated Banc-Corp | $24.53 | +0.25% | $4.05B | 67 |
| LRBI Lake Ridge Bancorp Inc. | $143.25 | +0.00% | $281.73M | 67 |
| CIBEY Commercial International Bank (Egypt) S.A.E | $2.63 | +3.54% | $8.68B | 67 |
| GBOOY Grupo Financiero Banorte, S.A.B. de C.V. | $54.16 | +0.39% | $30.47B | 67 |
| HMST HomeStreet, Inc. | $13.87 | +1.84% | $262.43M | 66 |
| ILPMF Permanent TSB Group Holdings plc | $3.32 | +8.85% | $1.81B | 66 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NASB's Key Strengths?
- Established regional presence and long operating history since 1927, fostering strong local relationships.
- Diversified loan portfolio including residential mortgages (conventional, VA, FHA, jumbo) and various commercial real estate loans.
- Strong profit margin of 20.5% and gross margin of 58.0%, indicating operational efficiency.
- Community bank model focused on personalized service and local market expertise.
What Are NASB's Weaknesses?
- Regional concentration may limit growth opportunities outside its current operational footprint.
- Smaller scale compared to national banks, potentially limiting competitive pricing power and marketing reach.
- Reliance on traditional banking services in an evolving financial landscape with increasing digital demands.
- Limited liquidity and information availability associated with trading on the OTC Other tier.
What Could Drive NASB Stock Higher?
- Strategic expansion of its commercial real estate and development loan portfolio, targeting specific growth segments within its regional market to enhance interest income.
- Continued optimization of its net interest margin through effective asset-liability management in a dynamic interest rate environment, aiming to improve profitability.
- Deepening customer relationships and expanding its deposit base through community engagement and competitive product offerings to secure stable, low-cost funding.
- Enhancement of operational efficiencies across its 10 branch offices and 50 ATMs to streamline processes and improve overall profitability and service delivery.
What Are the Key Risks for NASB?
- Financial-distress signal — its Altman Z-Score of -0.18 sits in the distress zone (elevated bankruptcy risk).
- Sensitivity to interest rate fluctuations, which can significantly impact net interest income, the value of its loan portfolio, and deposit costs.
- Credit risk associated with its diverse loan portfolio, particularly commercial real estate and construction loans, in the event of an economic downturn or localized market stress.
- Increased competition from larger national banks, credit unions, and agile fintech companies, potentially eroding market share or pricing power in its regional market.
- Regulatory compliance burden and potential changes in banking regulations that could impact operations, capital requirements, and profitability.
- Risks related to trading on the OTC Other tier, including limited liquidity, wider bid-ask spreads, and challenges in accessing comprehensive public disclosures, affecting investor confidence and share price.
What Are the Growth Opportunities for NASB?
- **Expansion of Commercial Real Estate and Development Lending**: NASB Financial, Inc.'s existing portfolio includes multifamily, retail, office, industrial, and construction loans. This segment offers higher yields and can be strategically expanded by targeting specific growth corridors within its operational footprint. The commercial real estate market, while cyclical, presents opportunities for specialized lenders who possess a deep understanding of local market dynamics and developer needs. By deepening relationships with local businesses and developers, NASB can capture a larger share of this market, leveraging its regional expertise and agility to provide customized financing solutions that larger, more bureaucratic institutions may not offer as readily.
- **Growth in Specialized Residential Mortgage Products**: The company offers a comprehensive range of residential mortgage products, including conventional, Veterans Administration (VA), Federal Housing Administration (FHA), jumbo, and IRA residential real-estate loans. Focusing on these specialized segments, particularly VA and FHA loans which often benefit from government guarantees, can provide a steady pipeline of business with potentially lower risk profiles. Effectively marketing these niche products to specific demographics or through strategic partnerships with real estate agents specializing in these areas could drive significant loan volume and enhance market share within its regional footprint, capitalizing on specific housing market demands.
- **Deepening Regional Market Penetration**: With 10 branch offices and 50 ATMs, NASB Financial, Inc. has a tangible physical presence that can be leveraged for deeper market penetration in its Grandview, Missouri base and surrounding areas. This involves enhancing community engagement through local events, offering tailored financial literacy programs, and actively participating in local economic development initiatives. Strengthening these local ties can lead to increased deposit gathering, which provides a stable funding source, as well as more opportunities for cross-selling various loans and other banking services, thereby improving customer lifetime value and fostering stronger brand loyalty against larger, less localized competitors.
- **Enhancing Deposit Base through Diverse Account Offerings**: NASB provides a variety of deposit accounts, including checking, savings, money market, and certificate of deposit accounts. Expanding and refining these offerings, potentially introducing competitive rates or unique features tailored for specific customer segments (e.g., small businesses, youth accounts, high-net-worth individuals), can attract a broader and more stable deposit base. A robust and diversified deposit base is crucial for funding loan growth and reducing reliance on more volatile wholesale funding sources, which in turn can improve the company's net interest margin and overall profitability, providing a solid foundation for sustainable growth.
- **Leveraging Community Bank Model for Customer Loyalty**: As a regional bank founded in 1927, NASB Financial, Inc. possesses a long-standing history and deep local presence. Emphasizing personalized service, efficient decision-making processes, and direct access to banking professionals can significantly differentiate it from larger national banks. This community-focused approach fosters strong, enduring customer relationships, which often translate into higher retention rates, increased word-of-mouth referrals, and greater opportunities for cross-selling various banking products and services. This strategy allows NASB to cultivate a loyal customer base, contributing to sustainable, organic growth within its established markets and reinforcing its competitive advantage.
What Opportunities Does NASB Have?
- Expansion of specialized loan products (VA, FHA, jumbo) to specific market segments within its region.
- Deepening market penetration within its existing regional footprint through enhanced community engagement and service offerings.
- Potential for growth in commercial real estate and development lending by capitalizing on local economic development.
- Leveraging its dividend yield (4.07%) to attract income-focused investors and enhance shareholder value.
What Threats Does NASB Face?
- Fluctuations in interest rates impacting net interest margin, loan demand, and deposit costs.
- Intense competition from larger national banks, credit unions, and agile fintech companies.
- Economic downturns leading to increased loan defaults, higher credit losses, and reduced lending activity.
- Regulatory changes and increased compliance costs specific to the banking sector, impacting operational expenses and profitability.
What Are NASB's Competitive Advantages?
- Established regional presence and long operating history since 1927, fostering deep local trust and relationships within its community.
- Diversified loan portfolio spanning a wide array of residential mortgages and various commercial real estate segments, mitigating concentration risk.
- Community-focused banking model offering personalized service, local decision-making, and direct access to banking professionals.
- Physical network of 10 branch offices and 50 ATMs providing tangible accessibility and convenience in its primary market.
What Does NASB Do?
NASB Financial, Inc. operates as a unitary thrift holding company for North American Savings Bank, F.S.B., a financial institution with a long-standing history dating back to its founding in 1927 in Grandview, Missouri. Over nearly a century, the company has evolved to provide a comprehensive suite of banking products and services tailored to individuals and businesses across the United States, maintaining a strong regional focus. Its core offerings include a variety of deposit accounts, such as checking, savings, money market, and certificate of deposit accounts, designed to meet diverse customer savings and transactional needs. Beyond traditional deposit services, NASB Financial, Inc. is a significant provider of both residential and commercial lending solutions. The company's mortgage portfolio is extensive, encompassing conventional, Veterans Administration (VA), Federal Housing Administration (FHA), jumbo, and IRA residential real-estate loans, catering to a wide range of homebuyers and homeowners seeking financing or refinancing options. On the commercial front, NASB specializes in real estate development and commercial loans, which include financing for multifamily, retail, single-tenant, multi-tenant, office, and industrial properties. Additionally, it provides investment property loans and construction and development loans, supporting local businesses and developers in their ventures. The company maintains a physical presence through 10 branch offices, complemented by 50 ATMs for convenient access, and operates 3 dedicated mortgage loan offices, all strategically located to serve its community-based clientele and reinforce its regional market position.
What Products and Services Does NASB Offer?
- Operates as a unitary thrift holding company for North American Savings Bank, F.S.B.
- Provides traditional banking services to individuals and businesses.
- Offers various deposit accounts including checking, savings, money market, and certificates of deposit.
- Originates and refinances residential mortgages, encompassing conventional, VA, FHA, jumbo, and IRA loans.
- Extends commercial real estate development loans for multifamily, retail, office, and industrial properties.
- Provides commercial loans for investment properties and construction and development projects.
- Operates 10 branch offices, 50 ATMs, and 3 mortgage loan offices, primarily in Grandview, Missouri.
- Focuses on serving its regional market in the United States.
How Does NASB Make Money?
- Generates revenue primarily through net interest income, derived from the spread between interest earned on its loan portfolio and interest paid on customer deposits.
- Earns non-interest income from various banking services, including mortgage origination fees, service charges, and other transaction-based fees.
- Manages a diversified portfolio of residential real estate, commercial real estate, and commercial loans to optimize asset utilization and risk.
- Attracts and retains customer deposits through competitive rates and a range of account options, providing a stable and cost-effective funding source for lending activities.
What Industry Does NASB Operate In?
NASB Financial, Inc. operates within the 'Banks - Regional' industry, a segment characterized by its focus on local communities and personalized financial services, often contrasting with the broader reach and standardized offerings of national banks. This industry is currently navigating a dynamic landscape influenced by evolving interest rate environments, increasing digital transformation, and persistent competition from both larger financial institutions and emerging fintech companies. Regional banks like NASB typically thrive on strong local relationships, in-depth understanding of local economic conditions, and tailored product offerings. NASB's long operating history since 1927 and its network of 10 branch offices and 50 ATMs position it as an established community player in its Grandview, Missouri base and surrounding areas. Its diversified loan portfolio, spanning residential mortgages and various commercial real estate segments, allows it to capture a broad customer base within its defined market, competing by emphasizing service quality and local expertise.
Who Are NASB's Key Customers?
- Individual customers seeking checking, savings, money market, and certificate of deposit accounts.
- Homebuyers and homeowners requiring residential mortgage loans and refinancing options, including specialized VA, FHA, and jumbo loans.
- Real estate developers and investors seeking commercial real estate, construction, and development loans for various property types.
- Small to medium-sized businesses requiring commercial loans and comprehensive banking services.
- Local communities within its operational footprint in the United States.
Net buyingInsider Activity
The most recent 4 insider filings for NASB Financial, Inc. break down as 1 sales and 3 purchases. On net that is roughly 10K shares acquired (about $297K) — insiders putting money in tends to read as conviction.
F-Score 6/9Financial Health
NASB Financial, Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -0.18 places it in the distress zone, a signal of elevated financial risk.
ROE 8%Key Financial Metrics
Return on equity for NASB Financial, Inc. stands at 7.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.0%, showing how much profit it generates from its asset base. NASB trades at a trailing price-to-earnings ratio of 8.95, below the Financial Services sector average of ~18x. Its free cash flow yield is 8.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.22 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 11.2%, the inverse of the P/E and a quick read on earnings relative to price.
NASB Financial, Inc. (NASB) Valuation Context
Valued at $289.22M, NASB is classified as a micro-cap stock. Relative to its peer group, NASB's quantitative score of 68/100 is roughly in line with the peer average of 68/100.
Company Profile
NASB Financial, Inc. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Grandview, US. The company is led by CEO J. Enrique Venegas. NASB has traded publicly since 1999.
NASB Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in NASB's future performance, indicating that leadership sees potential for growth.
- Community sentiment has shifted positively, with discussions highlighting the company's strong customer service and community engagement.
- Analysts have noted improvements in the company's loan portfolio, suggesting a healthier balance sheet moving forward.
- The financial sector's overall recovery has bolstered investor optimism, with NASB positioned to benefit from a more favorable lending environment.
Bear Case
- Concerns about rising interest rates have led to skepticism regarding NASB's ability to maintain loan growth and profitability.
- Social media sentiment reflects worries about potential regulatory challenges that could impact operational flexibility.
- Some investors express caution due to the competitive landscape in the banking sector, which may pressure margins for NASB.
- Recent market volatility has caused broader investor anxiety, leading to a more cautious outlook on smaller financial institutions like NASB.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NASB Latest News
-
NASB Financial, Inc. Declares Cash Dividends on Common Stock
gurufocus.com · Jun 2, 2026
NASB Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NASB.
Price Targets
Wall Street price target analysis for NASB.
NASB MoonshotScore
What does this score mean?
The MoonshotScore rates NASB's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest NASB Financial, Inc. Analysis
Leadership: J. Enrique Venegas
Chief Executive Officer
Unknown
Track Record: Unknown
NASB OTC Market Information
OTC Other is the lowest tier of the OTC Markets Group, encompassing companies that do not meet the disclosure or financial standards required for OTCQX or OTCQB, or choose not to provide information to OTC Markets. These companies may not be current in their reporting with the SEC or other regulators, leading to significantly less transparency for investors. This tier is characterized by a general lack of consistent public information, making it challenging for investors to conduct thorough due diligence compared to companies listed on major exchanges like NYSE or NASDAQ, which adhere to stringent listing requirements and robust regulatory oversight.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited transparency due to 'Unknown' disclosure status, hindering informed investment decisions and comprehensive analysis.
- Significantly lower liquidity compared to exchange-listed stocks, making trading difficult and potentially impacting share price stability.
- Increased price volatility due to fewer market participants and less readily available public information.
- Potential for less regulatory oversight compared to companies on higher OTC tiers or major exchanges, increasing investment risk.
- Difficulty in obtaining reliable and timely financial information for thorough due diligence and ongoing monitoring.
- Verify any available financial statements directly from the company or regulatory archives, if accessible.
- Research management's background, experience, and track record beyond the provided basic information.
- Assess the company's capital ratios and regulatory compliance through independent means, if possible.
- Investigate historical trading volumes and bid-ask spreads to understand liquidity constraints and potential trading costs.
- Look for any news, press releases, or corporate communications issued directly by the company.
- Understand the specific risks associated with the 'Banks - Regional' industry and its regional economic exposure.
- Consult with a financial advisor experienced in OTC markets and community banking investments.
- Founded in 1927, indicating a long operational history and established presence in the financial services sector.
- Operates as a unitary thrift holding company for North American Savings Bank, F.S.B., a regulated financial institution.
- Provides traditional banking services with physical branches (10) and ATMs (50), suggesting tangible operations and customer interaction.
- Manages 463 employees, indicating a substantial operational footprint and workforce.
- Reports key financial metrics such as Market Cap, P/E, Profit Margin, and Dividend Yield, suggesting some level of financial reporting and operational activity.
Common Questions About NASB (Financial Services)
What does NASB Financial, Inc. do?
NASB Financial, Inc. functions as the unitary thrift holding company for North American Savings Bank, F.S.B., providing a comprehensive suite of banking products and services across the United States. Established in 1927 and based in Grandview, Missouri, the company offers various deposit accounts, including checking, savings, money market, and certificates of deposit. Its lending activities are diverse, encompassing residential mortgages such as conventional, VA, FHA, jumbo, and IRA real-estate loans, alongside a significant focus on commercial real estate development and commercial loans. These commercial offerings include financing for multifamily, retail, office, industrial, investment properties, and construction projects. The company serves its clientele through 10 branch offices, 50 ATMs, and 3 dedicated mortgage loan offices, emphasizing a regional, community-focused banking model.
How sensitive is NASB Financial, Inc. to interest rate changes?
As a regional bank, NASB Financial, Inc.'s profitability is inherently sensitive to changes in interest rates, primarily impacting its net interest margin (NIM). NIM, the difference between interest earned on assets (like loans) and interest paid on liabilities (like deposits), can fluctuate significantly. A rising interest rate environment typically benefits banks with asset-sensitive balance sheets, allowing them to earn more on loans faster than they pay on deposits. Conversely, falling rates can compress NIM. NASB's diverse loan portfolio, including fixed-rate mortgages and variable-rate commercial loans, along with its deposit structure, dictates its specific sensitivity. Effective asset-liability management and strategic loan pricing are crucial for mitigating adverse impacts and capitalizing on favorable rate movements, directly influencing its overall financial performance and profitability.
What are the implications of NASB Financial, Inc. trading on the OTC Other tier?
Trading on the OTC Other tier carries several implications for NASB Financial, Inc. and its investors. This tier is characterized by less stringent disclosure requirements compared to major exchanges or even higher OTC tiers, with NASB's disclosure status currently 'Unknown.' This can lead to limited public information, making comprehensive due diligence challenging. Furthermore, securities on the OTC Other tier typically experience significantly lower trading volumes and wider bid-ask spreads, resulting in reduced liquidity. This means investors may find it difficult to buy or sell shares quickly at desired prices, potentially leading to increased price volatility. The absence of robust regulatory oversight and less active market maker participation also contributes to higher investment risk compared to exchange-listed equities.
How does NASB Financial, Inc. differentiate its mortgage and commercial lending services?
NASB Financial, Inc. differentiates its lending services through a combination of specialized product offerings and a community-focused approach. In residential mortgages, it provides a comprehensive suite including conventional, Veterans Administration (VA), Federal Housing Administration (FHA), jumbo, and IRA residential real-estate loans, catering to a broad spectrum of borrower needs. This specialization allows it to serve niche markets effectively. For commercial lending, NASB offers tailored solutions for real estate development, encompassing multifamily, retail, single-tenant, multi-tenant, office, industrial, and investment property loans, alongside construction and development financing. Its regional presence and local decision-making capabilities enable a more personalized and responsive service, fostering stronger relationships with borrowers and developers who value local expertise and accessibility over the often more standardized processes of larger national institutions.
What are the key factors to evaluate for NASB?
NASB Financial, Inc. (NASB) holds an AI score of 68/100 (moderate). P/E: 9.0x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does NASB data refresh on this page?
NASB prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NASB's recent stock price performance?
NASB Financial, Inc. (NASB) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established regional presence and long operating history since 1927, fostering strong local relationships. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NASB overvalued or undervalued right now?
NASB Financial, Inc. (NASB) trades at 9.0x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information regarding CEO's background, track record, and specific competitor tickers was not provided in the source data and is marked as 'Unknown' or an empty array.
- Growth opportunities, catalysts, and risks are inferred from the company's business model and industry context, adhering strictly to facts presented in the source data without speculation.
- The 'Unknown' disclosure status for OTC trading implies significant limitations in publicly available information, which is reflected in the OTC analysis.