BlackRock Inc. Acquires New Holdings in National Bankshares, Inc. $NKSH

BlackRock Inc. acquired a new position in National Bankshares, Inc. (NASDAQ:NKSH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 529,524 shares of the bank’s stock, valued at approximately $19,238,000. BlackRock Inc. owned 0.08% of National Bankshares at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming bought a new stake in shares of National Bankshares during the 2nd quarter valued at about $36,000. Tower Research Capital LLC TRC lifted its stake in shares of National Bankshares by 398.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock worth $47,000 after purchasing an additional 1,396 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of National Bankshares by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock worth $61,000 after purchasing an additional 643 shares during the period. Larson Financial Group LLC boosted its holdings in shares of National Bankshares by 266.9% in the third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock worth $123,000 after buying an additional 3,043 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of National Bankshares by 209.9% in the fourth quarter. Royal Bank of Canada now owns 4,305 shares of the bank’s stock worth $144,000 after buying an additional 2,916 shares during the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded National Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. Zacks Research raised National Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

National Bankshares Price Performance

Shares of NASDAQ NKSH opened at $41.47 on Thursday. The stock has a market cap of $264.16 million, a PE ratio of 13.04 and a beta of 0.60. National Bankshares, Inc. has a 1 year low of $27.00 and a 1 year high of $43.31. The firm has a fifty day moving average price of $39.08 and a 200-day moving average price of $37.38.

National Bankshares (NASDAQ:NKSH) last released its earnings results on Thursday, July 23rd. The bank reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). The firm had revenue of $15.68 million for the quarter, compared to analysts’ expectations of $15.65 million. National Bankshares had a net margin of 23.22% and a return on equity of 10.66%. On average, research analysts expect that National Bankshares, Inc. will post 3.52 EPS for the current year.

About National Bankshares

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.