Shares of National Bankshares Inc. (NASDAQ:NKSH) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating. National Bankshares’ rating score has improved by 50% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price target of $42.50 for the company, according to Zacks. Zacks has also given National Bankshares an industry rank of 41 out of 255 based on the ratings given to related companies.
A number of research analysts recently commented on the company. BidaskClub raised National Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, February 9th. Sandler O’Neill raised National Bankshares from a “hold” rating to a “buy” rating and set a $42.50 price target for the company in a report on Monday, February 4th. They noted that the move was a valuation call.
Shares of NKSH opened at $44.31 on Tuesday. The stock has a market capitalization of $308.31 million, a P/E ratio of 17.61 and a beta of 0.45. National Bankshares has a one year low of $33.65 and a one year high of $49.75.
In related news, Director Jack M. Lewis purchased 3,000 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were acquired at an average cost of $36.50 per share, for a total transaction of $109,500.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Norman V. Fitzwater III purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of $41.78 per share, for a total transaction of $41,780.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $208,900. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 5,999 shares of company stock worth $227,712. 3.71% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in NKSH. Metropolitan Life Insurance Co. NY raised its position in shares of National Bankshares by 393.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,649 shares of the bank’s stock worth $97,000 after purchasing an additional 2,112 shares during the period. MetLife Investment Advisors LLC raised its position in shares of National Bankshares by 60.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 5,599 shares of the bank’s stock worth $254,000 after purchasing an additional 2,112 shares during the period. Captrust Financial Advisors raised its position in shares of National Bankshares by 313.3% during the 3rd quarter. Captrust Financial Advisors now owns 6,200 shares of the bank’s stock worth $282,000 after purchasing an additional 4,700 shares during the period. Bank of America Corp DE raised its position in shares of National Bankshares by 27.6% during the 4th quarter. Bank of America Corp DE now owns 7,778 shares of the bank’s stock worth $283,000 after purchasing an additional 1,683 shares during the period. Finally, BB&T Securities LLC raised its position in shares of National Bankshares by 38.5% during the 4th quarter. BB&T Securities LLC now owns 9,020 shares of the bank’s stock worth $328,000 after purchasing an additional 2,507 shares during the period. Institutional investors and hedge funds own 35.50% 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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