National Bankshares (NASDAQ:NKSH) Raised to “B-” at TheStreet

TheStreet upgraded shares of National Bankshares (NASDAQ:NKSH) from a c+ rating to a b- rating in a research report sent to investors on Tuesday morning, TheStreetRatingsTable reports.

Several other research analysts also recently issued reports on the stock. ValuEngine upgraded shares of National Bankshares from a sell rating to a hold rating in a report on Friday, August 2nd. BidaskClub upgraded shares of National Bankshares from a strong sell rating to a sell rating in a report on Saturday, September 14th.

NKSH traded down $0.13 during trading on Tuesday, hitting $39.30. The stock had a trading volume of 7,200 shares, compared to its average volume of 12,488. The company has a 50 day simple moving average of $36.43 and a 200-day simple moving average of $38.40. National Bankshares has a 12 month low of $32.52 and a 12 month high of $47.50. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.01. The firm has a market cap of $253.85 million, a PE ratio of 15.42 and a beta of 0.53.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Wednesday, August 7th. The bank reported $0.61 earnings per share (EPS) for the quarter. National Bankshares had a net margin of 32.78% and a return on equity of 9.28%. The company had revenue of $11.24 million for the quarter.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of National Bankshares by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 291,335 shares of the bank’s stock worth $11,342,000 after purchasing an additional 8,820 shares during the period. Renaissance Technologies LLC increased its holdings in shares of National Bankshares by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 74,627 shares of the bank’s stock worth $2,905,000 after purchasing an additional 4,422 shares during the period. Bank of Montreal Can increased its holdings in shares of National Bankshares by 33.5% during the 2nd quarter. Bank of Montreal Can now owns 2,066 shares of the bank’s stock worth $80,000 after purchasing an additional 518 shares during the period. Acadian Asset Management LLC increased its holdings in shares of National Bankshares by 164.2% during the 2nd quarter. Acadian Asset Management LLC now owns 4,668 shares of the bank’s stock worth $182,000 after purchasing an additional 2,901 shares during the period. Finally, Aperio Group LLC bought a new position in shares of National Bankshares during the 2nd quarter worth about $88,000. Institutional investors own 29.67% of the company’s stock.

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 deposit, and individual retirement accounts.

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