Zacks: National Bankshares Inc. (NKSH) Receives Average Rating of “Strong Buy” from Analysts

Shares of National Bankshares Inc. (NASDAQ:NKSH) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned National Bankshares an industry rank of 65 out of 255 based on the ratings given to related companies.

Separately, BidaskClub raised National Bankshares from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 16th.

Shares of National Bankshares stock traded up $0.05 on Friday, hitting $45.35. The stock had a trading volume of 100 shares, compared to its average volume of 4,896. National Bankshares has a twelve month low of $37.55 and a twelve month high of $49.75. The company has a market capitalization of $317.28 million, a price-to-earnings ratio of 20.18 and a beta of 0.15.

National Bankshares (NASDAQ:NKSH) last posted its earnings results on Friday, July 27th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.04). National Bankshares had a net margin of 27.73% and a return on equity of 8.50%.

Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in National Bankshares by 36.2% during the first quarter. Russell Investments Group Ltd. now owns 4,253 shares of the bank’s stock worth $192,000 after buying an additional 1,131 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in National Bankshares by 16.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 15,588 shares of the bank’s stock worth $703,000 after buying an additional 2,200 shares in the last quarter. California Public Employees Retirement System grew its position in National Bankshares by 7.4% during the second quarter. California Public Employees Retirement System now owns 19,090 shares of the bank’s stock worth $886,000 after buying an additional 1,313 shares in the last quarter. Dimensional Fund Advisors LP grew its position in National Bankshares by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 31,322 shares of the bank’s stock worth $1,411,000 after buying an additional 4,133 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in National Bankshares by 10.2% during the second quarter. Renaissance Technologies LLC now owns 72,200 shares of the bank’s stock worth $3,350,000 after buying an additional 6,700 shares in the last quarter. 36.50% of the stock is currently 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.

Read More: Price to Earnings Ratio (PE) Basics

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