National Bankshares (NASDAQ:NKSH) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of National Bankshares (NASDAQ:NKSH) from a hold rating to a sell rating in a report published on Wednesday morning, ValuEngine reports.

Other analysts have also issued reports about the company. BidaskClub raised National Bankshares from a strong sell rating to a sell rating in a research note on Saturday, September 14th. TheStreet raised National Bankshares from a c+ rating to a b- rating in a research note on Tuesday, October 1st. Finally, Sandler O’Neill lowered National Bankshares from a buy rating to a hold rating in a research note on Friday, November 22nd.

Shares of NASDAQ:NKSH opened at $45.93 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.82 and a quick ratio of 0.81. The business’s 50 day moving average price is $43.44 and its 200-day moving average price is $38.68. The firm has a market capitalization of $290.08 million, a PE ratio of 17.39 and a beta of 0.53. National Bankshares has a 1 year low of $32.52 and a 1 year high of $48.82.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings results on Thursday, November 7th. The bank reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $11.52 million for the quarter. National Bankshares had a return on equity of 9.28% and a net margin of 32.46%.

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a yield of 3.1%. This is a positive change from National Bankshares’s previous Semi-Annual dividend of $0.63.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NKSH. Marshall Wace LLP acquired a new position in National Bankshares during the first quarter worth $28,000. Aperio Group LLC acquired a new position in National Bankshares during the second quarter worth $88,000. Acadian Asset Management LLC boosted its stake in National Bankshares by 164.2% during the second quarter. Acadian Asset Management LLC now owns 4,668 shares of the bank’s stock worth $182,000 after buying an additional 2,901 shares during the last quarter. Bank of Montreal Can boosted its stake in National Bankshares by 33.5% during the second quarter. Bank of Montreal Can now owns 2,066 shares of the bank’s stock worth $80,000 after buying an additional 518 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in National Bankshares by 6.3% during the second quarter. Renaissance Technologies LLC now owns 74,627 shares of the bank’s stock worth $2,905,000 after buying an additional 4,422 shares during the last quarter. 30.65% of the stock is currently owned by institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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