National Bankshares (NASDAQ:NKSH) Stock Rating Upgraded by Zacks Research

National Bankshares (NASDAQ:NKSH) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

NKSH has been the topic of a number of other reports. Weiss Ratings upgraded shares of National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 7th. Wall Street Zen upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

National Bankshares Price Performance

Shares of National Bankshares stock traded up $0.29 during trading on Tuesday, hitting $36.04. 18,513 shares of the company’s stock traded hands, compared to its average volume of 34,095. The company has a market cap of $229.54 million, a PE ratio of 13.10 and a beta of 0.69. National Bankshares has a twelve month low of $24.74 and a twelve month high of $40.00. The firm’s fifty day moving average price is $36.99 and its 200 day moving average price is $34.09.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. The firm had revenue of $15.30 million for the quarter, compared to analyst estimates of $14.50 million. National Bankshares had a net margin of 20.39% and a return on equity of 10.53%. As a group, equities research analysts anticipate that National Bankshares will post 2.82 earnings per share for the current year.

Hedge Funds Weigh In On National Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NKSH. State of Wyoming acquired a new position in shares of National Bankshares during the second quarter worth approximately $36,000. Tower Research Capital LLC TRC lifted its position in shares of National Bankshares by 398.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock worth $47,000 after purchasing an additional 1,396 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of National Bankshares by 45.2% during the third quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock worth $61,000 after purchasing an additional 643 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of National Bankshares by 266.9% during the third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock worth $123,000 after purchasing an additional 3,043 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of National Bankshares by 209.9% during the fourth quarter. Royal Bank of Canada now owns 4,305 shares of the bank’s stock worth $144,000 after purchasing an additional 2,916 shares in the last quarter. 29.73% of the stock is currently owned by institutional investors and hedge funds.

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.