National Bankshares (NKSH) Lowered to Hold at BidaskClub

BidaskClub cut shares of National Bankshares (NASDAQ:NKSH) from a buy rating to a hold rating in a research note published on Saturday, March 30th, BidAskClub reports.

Separately, Sandler O’Neill raised shares of National Bankshares from a hold rating to a buy rating and set a $42.50 target price on the stock in a research report on Monday, February 4th. They noted that the move was a valuation call.

Shares of NASDAQ NKSH traded up $0.02 during mid-day trading on Friday, reaching $41.81. The company had a trading volume of 12,236 shares, compared to its average volume of 9,850. National Bankshares has a twelve month low of $33.65 and a twelve month high of $49.75. The company has a market capitalization of $272.00 million, a PE ratio of 17.94 and a beta of 0.46.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.06. National Bankshares had a net margin of 31.70% and a return on equity of 8.62%.

In other National Bankshares news, Director Jack M. Lewis purchased 3,000 shares of the business’s stock in a transaction on Monday, February 4th. The stock was purchased at an average price of $36.50 per share, for a total transaction of $109,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Norman V. Fitzwater III acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average cost of $41.78 per share, with a total value of $41,780.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $208,900. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 5,499 shares of company stock valued at $209,232. 3.73% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of National Bankshares by 0.6% in the third quarter. Vanguard Group Inc. now owns 268,441 shares of the bank’s stock valued at $12,201,000 after purchasing an additional 1,605 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of National Bankshares by 0.6% in the third quarter. Vanguard Group Inc now owns 268,441 shares of the bank’s stock valued at $12,201,000 after purchasing an additional 1,605 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of National Bankshares by 27.6% in the fourth quarter. Bank of America Corp DE now owns 7,778 shares of the bank’s stock valued at $283,000 after purchasing an additional 1,683 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in National Bankshares by 60.6% in the third quarter. MetLife Investment Advisors LLC now owns 5,599 shares of the bank’s stock valued at $254,000 after acquiring an additional 2,112 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in National Bankshares by 393.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,649 shares of the bank’s stock valued at $97,000 after acquiring an additional 2,112 shares during the last quarter. 37.73% of the stock is 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 deposits, and individual retirement accounts Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties.

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