National Bankshares (NASDAQ:NKSH) Stock Rating Upgraded by ValuEngine
Several other research firms have also recently commented on NKSH. TheStreet cut shares of National Bankshares from a b rating to a c+ rating in a research report on Thursday, March 5th. BidaskClub cut shares of National Bankshares from a sell rating to a strong sell rating in a research report on Saturday, January 18th. Finally, Zacks Investment Research cut shares of National Bankshares from a hold rating to a sell rating in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. National Bankshares currently has an average rating of Hold.
National Bankshares stock opened at $31.07 on Monday. National Bankshares has a 52 week low of $27.91 and a 52 week high of $48.82. The company’s 50 day moving average price is $36.60 and its two-hundred day moving average price is $40.69. The stock has a market cap of $195.08 million, a P/E ratio of 12.09 and a beta of 0.69.
Large investors have recently bought and sold shares of the stock. California Public Employees Retirement System raised its holdings in shares of National Bankshares by 4.4% in the 3rd quarter. California Public Employees Retirement System now owns 17,738 shares of the bank’s stock worth $710,000 after purchasing an additional 748 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of National Bankshares in the 3rd quarter worth approximately $212,000. Dalton Greiner Hartman Maher & Co. grew its stake in National Bankshares by 3.0% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 95,582 shares of the bank’s stock valued at $4,294,000 after buying an additional 2,827 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in National Bankshares in the 3rd quarter valued at approximately $162,000. Finally, Charles Schwab Investment Management Inc. grew its stake in National Bankshares by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,461 shares of the bank’s stock valued at $740,000 after buying an additional 586 shares in the last quarter. 31.79% of the stock is currently owned by institutional investors.
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 deposit, and individual retirement accounts.
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