National Bankshares, Inc. (NKSH) Given Average Rating of “Strong Buy” by Analysts
National Bankshares, Inc. (NASDAQ:NKSH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, 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 122 out of 265 based on the ratings given to its competitors.
A number of brokerages recently commented on NKSH. BidaskClub upgraded National Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, March 30th. Sandler O’Neill set a $49.00 price objective on National Bankshares and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Finally, Canaccord Genuity upgraded National Bankshares from a “hold” rating to a “buy” rating in a research note on Monday, February 26th.
Hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new position in National Bankshares during the 4th quarter worth $158,000. Wells Fargo & Company MN boosted its position in National Bankshares by 64.8% during the 3rd quarter. Wells Fargo & Company MN now owns 7,141 shares of the bank’s stock worth $321,000 after acquiring an additional 2,808 shares during the period. Schwab Charles Investment Management Inc. boosted its position in National Bankshares by 44.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 13,388 shares of the bank’s stock worth $609,000 after acquiring an additional 4,088 shares during the period. Dimensional Fund Advisors LP boosted its position in National Bankshares by 95.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 23,241 shares of the bank’s stock worth $1,045,000 after acquiring an additional 11,373 shares during the period. Finally, Deutsche Bank AG boosted its position in National Bankshares by 71.9% during the 4th quarter. Deutsche Bank AG now owns 28,140 shares of the bank’s stock worth $1,278,000 after acquiring an additional 11,766 shares during the period. Institutional investors own 36.86% of the company’s stock.
NKSH traded down $0.65 during trading on Tuesday, reaching $45.25. 3,596 shares of the company were exchanged, compared to its average volume of 6,268. The company has a market cap of $307.89, a P/E ratio of 19.75 and a beta of 0.20. National Bankshares has a 52 week low of $36.75 and a 52 week high of $47.70.
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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