National Bankshares (NASDAQ:NKSH) Upgraded at Wall Street Zen

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

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

National Bankshares Stock Performance

NKSH stock opened at $36.60 on Friday. The company’s 50 day moving average price is $37.27 and its 200 day moving average price is $33.25. National Bankshares has a fifty-two week low of $23.75 and a fifty-two week high of $40.00. The firm has a market capitalization of $233.07 million, a price-to-earnings ratio of 14.76 and a beta of 0.69.

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

Hedge Funds Weigh In On National Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in National Bankshares by 1.2% in the third quarter. Vanguard Group Inc. now owns 334,517 shares of the bank’s stock valued at $9,848,000 after purchasing an additional 3,876 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in National Bankshares by 5.5% in the fourth quarter. Brandes Investment Partners LP now owns 244,505 shares of the bank’s stock valued at $8,198,000 after purchasing an additional 12,698 shares in the last quarter. Fourthstone LLC boosted its holdings in National Bankshares by 76.0% in the fourth quarter. Fourthstone LLC now owns 226,138 shares of the bank’s stock valued at $7,582,000 after purchasing an additional 97,641 shares in the last quarter. Geode Capital Management LLC boosted its holdings in National Bankshares by 7.3% in the second quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock valued at $4,197,000 after purchasing an additional 10,437 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in National Bankshares by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 125,956 shares of the bank’s stock valued at $4,223,000 after purchasing an additional 3,901 shares in 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.