Zacks: National Bankshares Inc. (NKSH) Receives Average Recommendation of “Buy” from Brokerages

National Bankshares Inc. (NASDAQ:NKSH) has been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. National Bankshares’ rating score has declined by 100% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Zacks has also assigned National Bankshares an industry rank of 157 out of 255 based on the ratings given to its competitors.

Several equities analysts have recently issued reports on the company. BidaskClub cut National Bankshares from a “hold” rating to a “sell” rating in a research report on Friday, July 20th. Sandler O’Neill cut National Bankshares from a “buy” rating to a “hold” rating and lowered their price target for the company from $54.00 to $48.00 in a research report on Monday, October 22nd. They noted that the move was a valuation call.



Several hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of National Bankshares by 36.2% during the 1st quarter. Russell Investments Group Ltd. now owns 4,253 shares of the bank’s stock valued at $192,000 after purchasing an additional 1,131 shares during the period. California Public Employees Retirement System increased its position in shares of National Bankshares by 7.4% during the 2nd quarter. California Public Employees Retirement System now owns 19,090 shares of the bank’s stock valued at $886,000 after purchasing an additional 1,313 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of National Bankshares by 16.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 15,588 shares of the bank’s stock valued at $703,000 after purchasing an additional 2,200 shares during the period. Dimensional Fund Advisors LP increased its position in shares of National Bankshares by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 31,322 shares of the bank’s stock valued at $1,411,000 after purchasing an additional 4,133 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of National Bankshares by 10.2% during the 2nd quarter. Renaissance Technologies LLC now owns 72,200 shares of the bank’s stock valued at $3,350,000 after purchasing an additional 6,700 shares during the period. Institutional investors own 36.49% of the company’s stock.

NKSH opened at $43.29 on Monday. National Bankshares has a 12 month low of $37.55 and a 12 month high of $49.75. The company has a market capitalization of $296.41 million, a P/E ratio of 18.85 and a beta of 0.17.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings results on Wednesday, August 8th. The bank reported $0.58 earnings per share (EPS) for the quarter. National Bankshares had a return on equity of 8.50% and a net margin of 27.73%. The company had revenue of $11.45 million for the quarter.

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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