National Bankshares (NASDAQ:NKSH) Upgraded by Wall Street Zen to Hold Rating

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

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of National Bankshares in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

National Bankshares Price Performance

NKSH opened at $36.38 on Friday. The company has a market cap of $231.67 million, a P/E ratio of 14.67 and a beta of 0.69. The firm’s 50-day moving average price is $37.26 and its 200-day moving average price is $33.17. National Bankshares has a 52-week low of $23.75 and a 52-week high of $40.00.

National Bankshares (NASDAQ:NKSH) last released its earnings results on Thursday, January 22nd. The bank reported $0.92 EPS for the quarter. The company had revenue of $15.27 million during the quarter. National Bankshares had a net margin of 18.55% and a return on equity of 9.59%. On average, research analysts anticipate that National Bankshares will post 2.35 EPS for the current fiscal year.

Hedge Funds Weigh In On National Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of NKSH. Vanguard Group Inc. raised its position in National Bankshares by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 334,517 shares of the bank’s stock worth $9,848,000 after buying an additional 3,876 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in shares of National Bankshares by 5.5% in the 4th quarter. Brandes Investment Partners LP now owns 244,505 shares of the bank’s stock valued at $8,198,000 after acquiring an additional 12,698 shares during the last quarter. Fourthstone LLC boosted its holdings in shares of National Bankshares by 76.0% in the 4th quarter. Fourthstone LLC now owns 226,138 shares of the bank’s stock valued at $7,582,000 after acquiring an additional 97,641 shares during the last quarter. 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 worth $4,197,000 after acquiring an additional 10,437 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of National Bankshares by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 125,956 shares of the bank’s stock worth $4,223,000 after purchasing an additional 3,901 shares during the last quarter. Institutional investors and hedge funds own 29.73% of the company’s stock.

About National Bankshares

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.