National Bankshares (NASDAQ:NKSH) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of National Bankshares (NASDAQ:NKSH – Get Rating) in a report issued on Wednesday. The firm set a “hold” rating on the bank’s stock.

Shares of NKSH opened at $31.87 on Wednesday. The company has a 50-day simple moving average of $35.04 and a 200-day simple moving average of $36.15. National Bankshares has a 52 week low of $31.42 and a 52 week high of $39.19.

National Bankshares (NASDAQ:NKSH – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The bank reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. The business had revenue of $12.69 million during the quarter, compared to analyst estimates of $12.30 million. National Bankshares had a net margin of 38.29% and a return on equity of 11.16%. Equities analysts predict that National Bankshares will post 3.31 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in National Bankshares in the first quarter worth about $28,000. UBS Group AG raised its position in National Bankshares by 122.6% in the first quarter. UBS Group AG now owns 730 shares of the bank’s stock worth $27,000 after purchasing an additional 402 shares in the last quarter. Citigroup Inc. acquired a new position in National Bankshares in the first quarter worth about $33,000. Wells Fargo & Company MN raised its position in National Bankshares by 38.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,697 shares of the bank’s stock worth $96,000 after purchasing an additional 748 shares in the last quarter. Finally, Morgan Stanley raised its position in National Bankshares by 849.2% in the second quarter. Morgan Stanley now owns 4,537 shares of the bank’s stock worth $159,000 after purchasing an additional 4,059 shares in the last quarter. 25.03% of the stock is owned by institutional investors and hedge funds.

National Bankshares Company Profile (Get Rating)

National Bankshares, Inc operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and 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 deposit, health savings accounts, and individual retirement accounts.

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