National Bankshares (NASDAQ:NKSH – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
NKSH has been the subject of several other research reports. Wall Street Zen upgraded National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings upgraded National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.
Read Our Latest Research Report on National Bankshares
National Bankshares Price Performance
National Bankshares (NASDAQ:NKSH – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.01). The business had revenue of $15.70 million during the quarter, compared to analyst estimates of $15.65 million. National Bankshares had a net margin of 23.22% and a return on equity of 10.79%. As a group, sell-side analysts expect that National Bankshares will post 3.52 earnings per share for the current year.
Institutional Investors Weigh In On National Bankshares
A number of institutional investors have recently added to or reduced their stakes in the company. Fourthstone LLC increased its stake in National Bankshares by 76.0% during the fourth quarter. Fourthstone LLC now owns 226,138 shares of the bank’s stock valued at $7,582,000 after acquiring an additional 97,641 shares during the period. Lombard Odier Asset Management Switzerland SA acquired a new stake in shares of National Bankshares during the 4th quarter worth approximately $4,034,000. Brandes Investment Partners LP grew its holdings in shares of National Bankshares by 5.5% during the 4th quarter. Brandes Investment Partners LP now owns 244,505 shares of the bank’s stock worth $8,198,000 after purchasing an additional 12,698 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 10,437 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of National Bankshares by 54.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,853 shares of the bank’s stock valued at $934,000 after purchasing an additional 9,803 shares in the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.
National Bankshares Company Profile
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.
Further Reading
- Five stocks we like better than National Bankshares
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for National Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
