National Bankshares (NASDAQ:NKSH) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

NKSH stock traded up $0.15 during trading on Thursday, reaching $46.10. 2,957 shares of the stock traded hands, compared to its average volume of 4,141. National Bankshares has a 52-week low of $36.75 and a 52-week high of $49.75. The company has a market cap of $317.98 million, a PE ratio of 20.87 and a beta of 0.21.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings results on Friday, July 27th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). National Bankshares had a net margin of 26.73% and a return on equity of 8.26%.

A number of hedge funds have recently bought and sold shares of NKSH. Wells Fargo & Company MN grew its position in National Bankshares by 505.7% during the fourth quarter. Wells Fargo & Company MN now owns 43,250 shares of the bank’s stock valued at $1,966,000 after acquiring an additional 36,109 shares during the period. Bank of New York Mellon Corp grew its position in National Bankshares by 34.4% during the fourth quarter. Bank of New York Mellon Corp now owns 40,271 shares of the bank’s stock valued at $1,830,000 after acquiring an additional 10,314 shares during the period. BlackRock Inc. grew its position in National Bankshares by 0.8% during the fourth quarter. BlackRock Inc. now owns 452,045 shares of the bank’s stock valued at $20,545,000 after acquiring an additional 3,782 shares during the period. Renaissance Technologies LLC grew its position in National Bankshares by 3.2% during the fourth quarter. Renaissance Technologies LLC now owns 67,200 shares of the bank’s stock valued at $3,054,000 after acquiring an additional 2,100 shares during the period. Finally, Deutsche Bank AG grew its position in National Bankshares by 71.9% during the fourth quarter. Deutsche Bank AG now owns 28,140 shares of the bank’s stock valued at $1,278,000 after acquiring an additional 11,766 shares during the period. 36.81% of the stock is owned by hedge funds and other institutional investors.

About National Bankshares

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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