National Bankshares (NASDAQ:NKSH) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of National Bankshares (NASDAQ:NKSH) from a sell rating to a hold rating in a research note released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bankshares in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

National Bankshares Price Performance

Shares of NKSH stock opened at $36.38 on Friday. The company has a market cap of $231.74 million, a price-to-earnings ratio of 14.67 and a beta of 0.69. National Bankshares has a 1 year low of $23.75 and a 1 year high of $40.00. The firm has a fifty day moving average price of $37.26 and a 200-day moving average price of $33.19.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Thursday, January 22nd. The bank reported $0.92 EPS for the quarter. National Bankshares had a return on equity of 9.59% and a net margin of 18.55%.The company had revenue of $15.27 million for the quarter. Equities research analysts expect that National Bankshares will post 2.35 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in National Bankshares by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock worth $4,197,000 after buying an additional 10,437 shares in the last quarter. Fourthstone LLC lifted its position in shares of National Bankshares by 477.0% in the second quarter. Fourthstone LLC now owns 84,006 shares of the bank’s stock valued at $2,285,000 after acquiring an additional 69,447 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of National Bankshares by 398.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock worth $47,000 after acquiring an additional 1,396 shares during the period. State of Wyoming bought a new position in shares of National Bankshares in the second quarter worth about $36,000. Finally, Carnegie Investment Counsel purchased a new stake in shares of National Bankshares during the third quarter worth about $208,000. Hedge funds and other institutional investors own 29.73% of the company’s stock.

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.