National Bankshares (NASDAQ:NKSH) Stock Rating Lowered by StockNews.com

National Bankshares (NASDAQ:NKSH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Separately, Janney Montgomery Scott raised shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Friday, November 22nd.

National Bankshares Stock Performance

NASDAQ:NKSH opened at $29.34 on Friday. The stock has a market cap of $186.60 million, a price-to-earnings ratio of 20.23 and a beta of 0.61. National Bankshares has a one year low of $26.00 and a one year high of $35.00. The business’s 50-day simple moving average is $29.82 and its 200 day simple moving average is $29.80.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Thursday, January 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. National Bankshares had a return on equity of 5.85% and a net margin of 11.44%. On average, equities research analysts predict that National Bankshares will post 1.79 EPS for the current year.

Hedge Funds Weigh In On National Bankshares

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of National Bankshares by 71.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $53,000 after purchasing an additional 734 shares during the period. State Street Corp increased its position in National Bankshares by 0.8% in the third quarter. State Street Corp now owns 79,406 shares of the bank’s stock worth $2,374,000 after buying an additional 622 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in National Bankshares by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank’s stock valued at $486,000 after buying an additional 550 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of National Bankshares by 4.5% during the third quarter. Geode Capital Management LLC now owns 138,246 shares of the bank’s stock valued at $4,134,000 after acquiring an additional 5,975 shares during the period. Finally, Barclays PLC grew its position in shares of National Bankshares by 290.4% during the third quarter. Barclays PLC now owns 7,487 shares of the bank’s stock worth $224,000 after acquiring an additional 5,569 shares during the last quarter. 29.73% 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 products and 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, health savings accounts, and individual retirement accounts.