National Bankshares (NASDAQ:NKSH) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of National Bankshares (NASDAQ:NKSH) from a sell rating to a hold rating in a report published on Friday morning, ValuEngine reports.

Separately, BidaskClub cut National Bankshares from a buy rating to a hold rating in a research note on Friday, June 14th.

National Bankshares stock traded down $0.78 during trading hours on Friday, reaching $33.72. The company had a trading volume of 604 shares, compared to its average volume of 6,810. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a 50-day simple moving average of $37.06. The stock has a market cap of $224.44 million, a price-to-earnings ratio of 13.80 and a beta of 0.48. National Bankshares has a 12-month low of $33.65 and a 12-month high of $47.60.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings results on Wednesday, May 8th. The bank reported $0.65 EPS for the quarter. The business had revenue of $11.83 million for the quarter. National Bankshares had a return on equity of 9.28% and a net margin of 33.22%.

In other National Bankshares news, Director Lawrence J. Ball bought 1,000 shares of National Bankshares stock in a transaction dated Thursday, May 16th. The shares were purchased at an average cost of $40.00 per share, with a total value of $40,000.00. Following the completion of the purchase, the director now owns 6,000 shares of the company’s stock, valued at $240,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have bought 2,360 shares of company stock worth $89,990 over the last three months. Insiders own 3.73% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of National Bankshares by 1.3% during the fourth quarter. BlackRock Inc. now owns 479,979 shares of the bank’s stock valued at $17,485,000 after buying an additional 6,221 shares during the period. Royce & Associates LP boosted its position in shares of National Bankshares by 5.5% during the first quarter. Royce & Associates LP now owns 431,416 shares of the bank’s stock valued at $18,486,000 after purchasing an additional 22,609 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in shares of National Bankshares by 8.4% during the first quarter. Dalton Greiner Hartman Maher & Co. now owns 91,743 shares of the bank’s stock valued at $3,931,000 after purchasing an additional 7,116 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of National Bankshares by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 62,180 shares of the bank’s stock valued at $2,265,000 after purchasing an additional 3,764 shares in the last quarter. Finally, TIAA FSB bought a new stake in shares of National Bankshares during the first quarter valued at approximately $678,000. 30.04% of the stock is currently owned by hedge funds and other institutional investors.

About National Bankshares

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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