National Bankshares (NKSH) Rating Lowered to Hold at BidaskClub

National Bankshares (NASDAQ:NKSH) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Separately, Sandler O’Neill cut National Bankshares from a “buy” rating to a “hold” rating and dropped their price objective for the company from $54.00 to $48.00 in a report on Monday, October 22nd. They noted that the move was a valuation call.

Shares of National Bankshares stock opened at $43.00 on Tuesday. The company has a market capitalization of $301.21 million, a PE ratio of 18.69 and a beta of 0.23. National Bankshares has a one year low of $37.55 and a one year high of $49.75.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Thursday, October 18th. The bank reported $0.61 earnings per share (EPS) for the quarter. National Bankshares had a return on equity of 8.74% and a net margin of 28.66%. The company had revenue of $11.61 million during the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC boosted its holdings in National Bankshares by 60.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 5,599 shares of the bank’s stock valued at $254,000 after acquiring an additional 2,112 shares during the period. Captrust Financial Advisors lifted its holdings in shares of National Bankshares by 313.3% in the 3rd quarter. Captrust Financial Advisors now owns 6,200 shares of the bank’s stock worth $282,000 after buying an additional 4,700 shares during the period. California Public Employees Retirement System lifted its holdings in shares of National Bankshares by 7.4% in the 2nd quarter. California Public Employees Retirement System now owns 19,090 shares of the bank’s stock worth $886,000 after buying an additional 1,313 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of National Bankshares by 10.2% in the 2nd quarter. Renaissance Technologies LLC now owns 72,200 shares of the bank’s stock worth $3,350,000 after buying an additional 6,700 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of National Bankshares by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 268,441 shares of the bank’s stock worth $12,201,000 after buying an additional 1,605 shares during the period. Institutional investors own 36.65% 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 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 deposits, and individual retirement accounts Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties.

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