National Bankshares (NASDAQ:NKSH) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded National Bankshares (NASDAQ:NKSH) from a "hold" to a "sell", while Weiss Ratings reaffirmed a "hold (c)" and MarketBeat shows the consensus rating remains "Hold".
• Shares opened at $35.73, trading between a 50-day MA of $36.92 and 200-day MA of $32.77; the company has a market cap of $227.6M, a P/E of 14.41, and a 52-week range of $23.75–$40.00.
• National Bankshares reported $0.92 EPS and $15.27M revenue for the quarter with a 9.78% ROE and 18.55% net margin, analysts project ~2.35 EPS for the year, and institutional investors own about 29.7% of the stock with several funds recently increasing positions.

National Bankshares (NASDAQ:NKSH - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a "hold (c)" rating on shares of National Bankshares in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, National Bankshares currently has an average rating of "Hold".

National Bankshares Stock Performance

NASDAQ:NKSH opened at $35.73 on Friday. The stock's fifty day moving average price is $36.92 and its two-hundred day moving average price is $32.77. The company has a market cap of $227.60 million, a price-to-earnings ratio of 14.41 and a beta of 0.70. National Bankshares has a 52-week low of $23.75 and a 52-week high of $40.00.

National Bankshares (NASDAQ:NKSH - Get Free Report) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $0.92 EPS for the quarter. National Bankshares had a return on equity of 9.78% and a net margin of 18.55%.The business had revenue of $15.27 million during the quarter. On average, equities analysts predict that National Bankshares will post 2.35 EPS for the current fiscal year.

Hedge Funds Weigh In On National Bankshares

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in 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 purchasing an additional 10,437 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of National Bankshares in the 2nd quarter worth about $35,000. Kingsview Wealth Management LLC grew its position in National Bankshares by 4.6% during the second quarter. Kingsview Wealth Management LLC now owns 9,145 shares of the bank's stock valued at $249,000 after buying an additional 398 shares during the period. Fourthstone LLC increased its holdings in National Bankshares by 477.0% during the second quarter. Fourthstone LLC now owns 84,006 shares of the bank's stock worth $2,285,000 after buying an additional 69,447 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in 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 during the last quarter. 29.73% of the stock is currently owned by institutional investors.

National Bankshares Company Profile

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.

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