StockNews.com Upgrades National Bankshares (NASDAQ:NKSH) to Hold

National Bankshares (NASDAQ:NKSH - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Separately, Janney Montgomery Scott upgraded shares of National Bankshares from a "neutral" rating to a "buy" rating and set a $38.00 target price on the stock in a report on Friday, November 22nd.

National Bankshares Stock Performance

Shares of NKSH traded up $0.44 during midday trading on Friday, hitting $28.88. 5,429 shares of the company traded hands, compared to its average volume of 12,065. National Bankshares has a 52 week low of $26.00 and a 52 week high of $35.00. The firm has a 50 day moving average of $29.55 and a 200-day moving average of $29.74. The stock has a market cap of $183.68 million, a price-to-earnings ratio of 23.67 and a beta of 0.60.

National Bankshares (NASDAQ:NKSH - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. National Bankshares had a return on equity of 5.00% and a net margin of 9.64%. Sell-side analysts predict that National Bankshares will post 2.35 earnings per share for the current fiscal year.

Institutional Trading of National Bankshares

Institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in shares of National Bankshares in the second quarter valued at $226,000. Kingsview Wealth Management LLC bought a new position in National Bankshares during the 4th quarter valued at about $223,000. JPMorgan Chase & Co. raised its position in National Bankshares by 295.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,870 shares of the bank's stock worth $295,000 after purchasing an additional 7,373 shares during the period. Eagle Ridge Investment Management bought a new stake in National Bankshares in the third quarter worth about $211,000. Finally, Geode Capital Management LLC boosted its position in shares of National Bankshares by 4.5% during the third quarter. Geode Capital Management LLC now owns 138,246 shares of the bank's stock valued at $4,134,000 after buying an additional 5,975 shares during the period. 29.73% 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 products and 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, health savings accounts, and individual retirement accounts.