National Bankshares Inc. (NASDAQ:NKSH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation. National Bankshares’ rating score has improved by 50% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus price objective of $42.50 for the company, according to Zacks. Zacks has also given National Bankshares an industry rank of 175 out of 255 based on the ratings given to its competitors.
Several equities research analysts have recently issued reports on the company. BidaskClub lowered National Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Sandler O’Neill upgraded National Bankshares from a “hold” rating to a “buy” rating and set a $42.50 target price for the company in a research report on Monday, February 4th. They noted that the move was a valuation call.
In other National Bankshares news, Director Norman V. Fitzwater III acquired 1,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average price of $41.78 per share, with a total value of $41,780.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $208,900. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jack M. Lewis acquired 3,000 shares of the stock in a transaction dated Monday, February 4th. The stock was acquired at an average cost of $36.50 per share, with a total value of $109,500.00. The disclosure for this purchase can be found here. Insiders bought a total of 5,499 shares of company stock worth $209,232 over the last quarter. Company insiders own 3.73% of the company’s stock.
Several institutional investors have recently bought and sold shares of NKSH. Vanguard Group Inc. increased its stake in shares of National Bankshares by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 268,441 shares of the bank’s stock valued at $12,201,000 after purchasing an additional 1,605 shares in the last quarter. Vanguard Group Inc increased its stake in shares of National Bankshares by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 268,441 shares of the bank’s stock valued at $12,201,000 after purchasing an additional 1,605 shares in the last quarter. Bank of America Corp DE increased its stake in shares of National Bankshares by 27.6% in the 4th quarter. Bank of America Corp DE now owns 7,778 shares of the bank’s stock valued at $283,000 after purchasing an additional 1,683 shares in the last quarter. MetLife Investment Advisors LLC increased its stake in shares of National Bankshares by 60.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 5,599 shares of the bank’s stock valued at $254,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of National Bankshares by 393.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,649 shares of the bank’s stock valued at $97,000 after purchasing an additional 2,112 shares in the last quarter. 37.73% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:NKSH traded up $0.26 during midday trading on Friday, reaching $40.90. 1,000 shares of the company’s stock were exchanged, compared to its average volume of 10,319. The company has a market capitalization of $264.57 million, a price-to-earnings ratio of 17.70 and a beta of 0.46. National Bankshares has a 12 month low of $33.65 and a 12 month high of $49.75.
About National Bankshares
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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