Analysts Set $42.50 Target Price for National Bankshares Inc. (NKSH)

National Bankshares Inc. (NASDAQ:NKSH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus target price of $42.50 for the company, according to Zacks. Zacks has also assigned National Bankshares an industry rank of 89 out of 256 based on the ratings given to related companies.

Separately, BidaskClub downgraded National Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th.

In other National Bankshares news, Director Lawrence J. Ball acquired 1,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was acquired at an average price of $40.00 per share, with a total value of $40,000.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $240,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders bought 3,000 shares of company stock valued at $118,780. Company insiders own 3.73% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in National Bankshares during the first quarter valued at about $28,000. BNP Paribas Arbitrage SA grew its position in National Bankshares by 510.3% during the first quarter. BNP Paribas Arbitrage SA now owns 1,416 shares of the bank’s stock valued at $61,000 after acquiring an additional 1,184 shares during the period. Metropolitan Life Insurance Co. NY grew its position in National Bankshares by 393.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,649 shares of the bank’s stock valued at $97,000 after acquiring an additional 2,112 shares during the period. Hilton Capital Management LLC grew its position in National Bankshares by 5,965.9% during the first quarter. Hilton Capital Management LLC now owns 2,669 shares of the bank’s stock valued at $114,000 after acquiring an additional 2,625 shares during the period. Finally, JPMorgan Chase & Co. grew its position in National Bankshares by 140.2% during the first quarter. JPMorgan Chase & Co. now owns 4,545 shares of the bank’s stock valued at $195,000 after acquiring an additional 2,653 shares during the period. 30.34% of the stock is owned by institutional investors and hedge funds.

National Bankshares stock traded up $0.09 during mid-day trading on Thursday, hitting $37.76. 174 shares of the company were exchanged, compared to its average volume of 10,654. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $259.96 million, a price-to-earnings ratio of 15.98 and a beta of 0.51. National Bankshares has a 12-month low of $33.65 and a 12-month high of $49.75.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings results on Wednesday, May 8th. The bank reported $0.65 earnings per share for the quarter. The company had revenue of $11.83 million during the quarter. National Bankshares had a return on equity of 9.28% and a net margin of 33.22%.

The firm also recently disclosed a semiannual dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 28th were given a $0.67 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a dividend yield of 3.25%. This is an increase from National Bankshares’s previous semiannual dividend of $0.63.

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 deposit, and individual retirement accounts.

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