National Bankshares (NASDAQ:NKSH) Cut to “Sell” at Wall Street Zen

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

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

National Bankshares Stock Performance

Shares of National Bankshares stock opened at $36.76 on Friday. The firm has a market cap of $234.16 million, a PE ratio of 14.82 and a beta of 0.70. The firm’s 50-day simple moving average is $36.98 and its 200-day simple moving average is $32.84. National Bankshares has a 1 year low of $23.75 and a 1 year high of $40.00.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $0.92 EPS for the quarter. National Bankshares had a net margin of 18.55% and a return on equity of 9.78%. The business had revenue of $15.27 million for the quarter. On average, equities analysts predict that National Bankshares will post 2.35 earnings per share for the current year.

Institutional Investors Weigh In On National Bankshares

Large investors have recently added to or reduced their stakes in the stock. State of Wyoming boosted its holdings in shares of National Bankshares by 18.2% during the fourth quarter. State of Wyoming now owns 1,965 shares of the bank’s stock valued at $66,000 after acquiring an additional 302 shares during the period. Kingsview Wealth Management LLC lifted its position in National Bankshares by 4.6% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,145 shares of the bank’s stock valued at $249,000 after purchasing an additional 398 shares during the last quarter. Geode Capital Management LLC boosted its stake in National Bankshares by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 153,310 shares of the bank’s stock valued at $5,143,000 after purchasing an additional 533 shares during the period. BNP Paribas Financial Markets grew its position in 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 last quarter. Finally, Barclays PLC grew its position in National Bankshares by 10.7% in the 4th quarter. Barclays PLC now owns 10,425 shares of the bank’s stock worth $350,000 after purchasing an additional 1,006 shares during the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

National Bankshares Company Profile

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.