National Bankshares (NASDAQ:NKSH) Rating Increased to Hold at StockNews.com

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

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

National Bankshares Price Performance

NASDAQ:NKSH opened at $29.39 on Friday. National Bankshares has a one year low of $26.00 and a one year high of $35.00. The company has a market cap of $186.92 million, a PE ratio of 24.09 and a beta of 0.61. The firm has a 50-day moving average of $29.67 and a 200-day moving average of $29.79.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. National Bankshares had a return on equity of 5.00% and a net margin of 9.64%. On average, equities research analysts expect that National Bankshares will post 2.35 earnings per share for the current fiscal year.

Institutional Trading of National Bankshares

A number of large investors have recently added to or reduced their stakes in NKSH. Kingsview Wealth Management LLC bought a new position in shares of National Bankshares during the 4th quarter worth $223,000. JPMorgan Chase & Co. boosted its position in National Bankshares by 295.3% during the third quarter. JPMorgan Chase & Co. now owns 9,870 shares of the bank’s stock worth $295,000 after purchasing an additional 7,373 shares during the period. Barclays PLC raised its position in shares of National Bankshares by 290.4% in the third quarter. Barclays PLC now owns 7,487 shares of the bank’s stock valued at $224,000 after purchasing an additional 5,569 shares during the period. Geode Capital Management LLC lifted its stake in shares of National Bankshares by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 138,246 shares of the bank’s stock valued at $4,134,000 after buying an additional 5,975 shares in the last quarter. Finally, State Street Corp boosted its holdings in National Bankshares by 0.8% in the 3rd 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. Hedge funds and other institutional investors own 29.73% of the company’s stock.

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.