National Bankshares Inc. (NASDAQ:NKSH) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned National Bankshares an industry rank of 74 out of 255 based on the ratings given to related companies.
A number of analysts recently weighed in on the company. BidaskClub downgraded National Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Sandler O’Neill set a $49.00 price target on National Bankshares and gave the stock a “buy” rating in a research note on Wednesday, March 28th.
NASDAQ:NKSH opened at $46.40 on Friday. The company has a market capitalization of $332.24 million, a P/E ratio of 21.32 and a beta of 0.22. National Bankshares has a 1-year low of $36.75 and a 1-year high of $49.75.
The business also recently declared a Semi-Annual dividend, which was paid on Friday, June 1st. Shareholders of record on Monday, May 21st were paid a $0.58 dividend. The ex-dividend date was Friday, May 18th. This represents a yield of 2.5%.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in National Bankshares by 0.8% in the 4th quarter. BlackRock Inc. now owns 452,045 shares of the bank’s stock worth $20,545,000 after purchasing an additional 3,782 shares during the period. Renaissance Technologies LLC increased its stake in National Bankshares by 3.2% in the 4th quarter. Renaissance Technologies LLC now owns 67,200 shares of the bank’s stock worth $3,054,000 after purchasing an additional 2,100 shares during the period. Wells Fargo & Company MN increased its stake in National Bankshares by 505.7% in the 4th quarter. Wells Fargo & Company MN now owns 43,250 shares of the bank’s stock worth $1,966,000 after purchasing an additional 36,109 shares during the period. Bank of New York Mellon Corp increased its stake in National Bankshares by 34.4% in the 4th quarter. Bank of New York Mellon Corp now owns 40,271 shares of the bank’s stock worth $1,830,000 after purchasing an additional 10,314 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in National Bankshares by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 31,322 shares of the bank’s stock worth $1,411,000 after purchasing an additional 4,133 shares during the period. 36.41% of the stock is currently owned by institutional investors and hedge funds.
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 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for National Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.