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

Key Points

• National Bankshares' stock has been given a "hold (C)" rating by Weiss Ratings, reflecting cautious investor sentiment.
• The company's latest quarterly earnings report revealed an EPS of $1.06 and a revenue of $18.81 million, with research analysts predicting a yearly EPS of 2.35.
• Institutional investors currently hold 29.73% of National Bankshares' stock, with notable recent increases in positions by various hedge funds.

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

National Bankshares Stock Performance

Shares of NKSH stock opened at $29.14 on Friday. The firm has a market cap of $185.62 million, a P/E ratio of 14.28 and a beta of 0.75. The firm's 50 day moving average price is $29.87 and its 200-day moving average price is $28.00. National Bankshares has a one year low of $23.75 and a one year high of $32.89.

National Bankshares (NASDAQ:NKSH - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $1.06 earnings per share (EPS) for the quarter. National Bankshares had a return on equity of 8.81% and a net margin of 15.56%.The business had revenue of $18.81 million during the quarter. As a group, research analysts predict that National Bankshares will post 2.35 EPS for the current fiscal year.

Institutional Trading of National Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in National Bankshares during the second quarter worth about $35,000. State of Wyoming purchased a new stake in shares of National Bankshares during the second quarter worth about $36,000. Tower Research Capital LLC TRC grew its holdings 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 buying an additional 1,396 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in National Bankshares by 23.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,953 shares of the bank's stock valued at $79,000 after purchasing an additional 556 shares during the period. Finally, Private Trust Co. NA grew its holdings in National Bankshares by 87.5% in the first quarter. Private Trust Co. NA now owns 7,500 shares of the bank's stock valued at $200,000 after purchasing an additional 3,500 shares during the period. Institutional investors and hedge funds own 29.73% of the company's stock.

National Bankshares Company Profile

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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