National Bankshares (NASDAQ:NKSH) Given Hold (C) Rating at Weiss Ratings

Key Points

• National Bankshares' stock has been assigned a "hold (c)" rating by Weiss Ratings, reflecting cautious sentiment from analysts regarding its future performance.
• The company reported $0.61 earnings per share in its last quarterly results, which fell short of analysts' expectations of $0.64.
• Institutional investors own about 29.73% of National Bankshares' stock, with several hedge funds increasing their positions recently.

National Bankshares (NASDAQ:NKSH - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

National Bankshares Price Performance

Shares of NASDAQ:NKSH opened at $28.62 on Wednesday. The stock has a market cap of $182.19 million, a P/E ratio of 16.17 and a beta of 0.75. The firm has a fifty day moving average price of $29.74 and a 200 day moving average price of $27.78. National Bankshares has a 1-year low of $23.75 and a 1-year high of $32.89.

National Bankshares (NASDAQ:NKSH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The bank reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.03). The business had revenue of $15.98 million for the quarter. National Bankshares had a return on equity of 7.69% and a net margin of 13.58%. Sell-side analysts expect that National Bankshares will post 2.35 EPS for the current fiscal year.

Institutional Trading of National Bankshares

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kingsview Wealth Management LLC lifted its stake in shares of National Bankshares by 4.6% in the second quarter. Kingsview Wealth Management LLC now owns 9,145 shares of the bank's stock valued at $249,000 after purchasing an additional 398 shares during the period. PNC Financial Services Group Inc. increased its holdings in National Bankshares by 23.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,953 shares of the bank's stock valued at $79,000 after acquiring an additional 556 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in National Bankshares by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 21,423 shares of the bank's stock valued at $570,000 after acquiring an additional 902 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in National Bankshares during the 2nd quarter valued at about $35,000. Finally, State of Wyoming purchased a new position in National Bankshares during the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 29.73% of the company's stock.

About National Bankshares

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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