Shares of National Bankshares, Inc. (NASDAQ:NKSH) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Zacks has also given National Bankshares an industry rank of 122 out of 265 based on the ratings given to its competitors.
Several research analysts recently commented on NKSH shares. BidaskClub cut National Bankshares from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Canaccord Genuity raised National Bankshares from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Finally, Sandler O’Neill raised National Bankshares from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Monday, February 26th.
Shares of NASDAQ:NKSH traded down $0.40 during trading on Friday, hitting $44.10. The company’s stock had a trading volume of 1,562 shares, compared to its average volume of 7,002. National Bankshares has a fifty-two week low of $36.75 and a fifty-two week high of $47.70. The stock has a market cap of $309.63, a price-to-earnings ratio of 21.50 and a beta of 0.20.
In other news, Director Norman V. Fitzwater III acquired 1,000 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was purchased at an average cost of $37.25 per share, with a total value of $37,250.00. Following the completion of the acquisition, the director now directly owns 4,000 shares in the company, valued at $149,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 1,045 shares of company stock valued at $39,166. 3.68% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in NKSH. Dimensional Fund Advisors LP increased its holdings in National Bankshares by 44.5% in the second quarter. Dimensional Fund Advisors LP now owns 11,868 shares of the bank’s stock valued at $484,000 after buying an additional 3,653 shares during the last quarter. State Street Corp grew its holdings in shares of National Bankshares by 7.6% during the second 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. Wells Fargo & Company MN grew its holdings in shares of National Bankshares by 64.8% during the third quarter. Wells Fargo & Company MN now owns 7,141 shares of the bank’s stock valued at $321,000 after purchasing an additional 2,808 shares during the last quarter. Summit Financial Group Inc. bought a new position in shares of National Bankshares during the fourth quarter valued at approximately $1,594,000. Finally, Dalton Greiner Hartman Maher & Co. grew its holdings in shares of National Bankshares by 28.0% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 63,357 shares of the bank’s stock valued at $2,880,000 after purchasing an additional 13,864 shares during the last quarter. 36.86% of the stock is owned by hedge funds and other institutional investors.
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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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