National Bankshares (NASDAQ:NKSH) Upgraded to “Hold” at Wall Street Zen

National Bankshares (NASDAQ:NKSH) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bankshares in a report on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

National Bankshares Price Performance

Shares of National Bankshares stock opened at $34.51 on Friday. The firm has a market capitalization of $219.83 million, a PE ratio of 16.92 and a beta of 0.73. The company’s fifty day moving average price is $30.02 and its two-hundred day moving average price is $29.24. National Bankshares has a 52-week low of $23.75 and a 52-week high of $34.90.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings data on Thursday, January 25th. The bank reported $1.06 EPS for the quarter. The company had revenue of $18.81 million during the quarter. National Bankshares had a net margin of 15.56% and a return on equity of 8.62%. Analysts predict that National Bankshares will post 2.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NKSH. Nuveen LLC bought a new stake in National Bankshares during the 1st quarter worth approximately $226,000. Acadian Asset Management LLC boosted its stake in National Bankshares by 7.6% in the first quarter. Acadian Asset Management LLC now owns 36,623 shares of the bank’s stock worth $974,000 after purchasing an additional 2,592 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in National Bankshares in the second quarter worth $224,000. Partners in Financial Planning grew its holdings in shares of National Bankshares by 9.8% during the second quarter. Partners in Financial Planning now owns 16,011 shares of the bank’s stock worth $435,000 after purchasing an additional 1,431 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of National Bankshares by 7.3% in the second quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock valued at $4,197,000 after buying an additional 10,437 shares in the last quarter. Institutional investors own 29.73% of the company’s stock.

National Bankshares Company Profile

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.