National Bankshares (NASDAQ:NKSH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of National Bankshares (NASDAQ:NKSH) to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of National Bankshares in a research note on Monday, December 15th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

National Bankshares Stock Performance

Shares of NASDAQ:NKSH opened at $34.02 on Friday. National Bankshares has a fifty-two week low of $23.75 and a fifty-two week high of $35.00. The company’s 50-day moving average is $30.12 and its 200 day moving average is $29.35. The company has a market capitalization of $216.71 million, a P/E ratio of 16.68 and a beta of 0.73.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $1.06 EPS for the quarter. National Bankshares had a net margin of 15.56% and a return on equity of 8.62%. The business had revenue of $18.81 million for the quarter. As a group, research analysts predict that National Bankshares will post 2.35 earnings per share for the current year.

National Bankshares Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 24th were given a dividend of $0.78 per share. The ex-dividend date was Monday, November 24th. This represents a dividend yield of 536.0%. National Bankshares’s dividend payout ratio is currently 76.47%.

Institutional Trading of National Bankshares

Institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in National Bankshares during the 1st quarter valued at about $226,000. Acadian Asset Management LLC lifted its holdings in shares of National Bankshares by 7.6% in the first quarter. Acadian Asset Management LLC now owns 36,623 shares of the bank’s stock worth $974,000 after buying an additional 2,592 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of National Bankshares in the second quarter valued at approximately $224,000. Partners in Financial Planning grew its stake in National Bankshares by 9.8% during the second quarter. Partners in Financial Planning now owns 16,011 shares of the bank’s stock valued at $435,000 after acquiring an additional 1,431 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in National Bankshares by 7.3% during the second quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock valued at $4,197,000 after acquiring an additional 10,437 shares in the last quarter. Hedge funds and other institutional investors own 29.73% of the company’s stock.

About National Bankshares

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.