National Bankshares (NKSH) Rating Lowered to Strong Sell at BidaskClub

National Bankshares (NASDAQ:NKSH) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.

Shares of National Bankshares (NASDAQ NKSH) traded up $0.20 during midday trading on Friday, reaching $46.25. The company’s stock had a trading volume of 1,794 shares, compared to its average volume of 4,275. The company has a market cap of $315.20, a price-to-earnings ratio of 22.34 and a beta of 0.32. National Bankshares has a fifty-two week low of $36.05 and a fifty-two week high of $47.70.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Friday, October 27th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $11.88 million during the quarter. National Bankshares had a return on equity of 7.90% and a net margin of 28.45%.

In other National Bankshares news, Director Glenn P. Reynolds sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $44.01, for a total value of $44,010.00. Following the transaction, the director now directly owns 5,144 shares in the company, valued at approximately $226,387.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.68% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in NKSH. Summit Financial Group Inc. bought a new position in shares of National Bankshares during the 4th quarter valued at about $1,594,000. Dimensional Fund Advisors LP increased its position in shares of National Bankshares by 95.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 23,241 shares of the bank’s stock valued at $1,045,000 after purchasing an additional 11,373 shares during the last quarter. State Street Corp increased its position in shares of National Bankshares by 7.6% during the 2nd quarter. State Street Corp now owns 130,863 shares of the bank’s stock valued at $5,338,000 after purchasing an additional 9,200 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of National Bankshares during the 2nd quarter valued at about $298,000. Finally, Voya Investment Management LLC bought a new position in shares of National Bankshares during the 2nd quarter valued at about $225,000. Hedge funds and other institutional investors own 35.45% of the company’s stock.

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National Bankshares Company Profile

National Bankshares, Inc is a financial holding company. The Company conducts its operations through its community bank subsidiary, the National Bank of Blacksburg (NBB or the Bank). NBB offers a range of retail and commercial banking services to individuals, businesses, non-profits and local governments.

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