Shares of National Bankshares Inc. (NASDAQ:NKSH) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Zacks has also given National Bankshares an industry rank of 95 out of 255 based on the ratings given to related companies.
Separately, BidaskClub raised shares of National Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st.
A number of institutional investors have recently modified their holdings of NKSH. Schwab Charles Investment Management Inc. lifted its position in shares of National Bankshares by 16.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 15,588 shares of the bank’s stock worth $703,000 after purchasing an additional 2,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of National Bankshares by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 31,322 shares of the bank’s stock worth $1,411,000 after purchasing an additional 4,133 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of National Bankshares by 36.2% during the first quarter. Russell Investments Group Ltd. now owns 4,253 shares of the bank’s stock worth $192,000 after purchasing an additional 1,131 shares in the last quarter. Dalton Greiner Hartman Maher & Co. lifted its position in shares of National Bankshares by 47.3% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 85,469 shares of the bank’s stock worth $3,966,000 after purchasing an additional 27,451 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of National Bankshares by 5.0% during the second quarter. BlackRock Inc. now owns 469,715 shares of the bank’s stock worth $21,794,000 after purchasing an additional 22,466 shares in the last quarter. 36.50% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ NKSH traded up $0.25 on Friday, reaching $45.75. The company’s stock had a trading volume of 11,095 shares, compared to its average volume of 3,639. The stock has a market cap of $315.54 million, a P/E ratio of 20.71 and a beta of 0.15. National Bankshares has a 52 week low of $37.55 and a 52 week high of $49.75.
National Bankshares (NASDAQ:NKSH) last posted its earnings results on Friday, July 27th. The bank reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). National Bankshares had a net margin of 27.73% and a return on equity of 8.50%.
National Bankshares Company Profile
National Bankshares, Inc operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposits, and individual retirement accounts Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties.
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