National Bankshares Inc. (NASDAQ:NKSH) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $42.50 for the company, according to Zacks. Zacks has also assigned National Bankshares an industry rank of 163 out of 256 based on the ratings given to its competitors.
A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. BidaskClub downgraded shares of National Bankshares from a “buy” rating to a “hold” rating in a research report on Friday, June 14th.
In other National Bankshares news, Director Lawrence J. Ball purchased 1,000 shares of National Bankshares stock in a transaction dated Thursday, May 30th. The shares were bought at an average cost of $37.00 per share, for a total transaction of $37,000.00. Following the transaction, the director now owns 7,000 shares in the company, valued at approximately $259,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders bought 1,360 shares of company stock worth $49,990. Insiders own 3.73% of the company’s stock.
Several institutional investors have recently bought and sold shares of NKSH. Royce & Associates LP lifted its position in National Bankshares by 5.5% in the 1st quarter. Royce & Associates LP now owns 431,416 shares of the bank’s stock valued at $18,486,000 after purchasing an additional 22,609 shares during the last quarter. TIAA FSB bought a new stake in National Bankshares in the 1st quarter valued at about $678,000. Moors & Cabot Inc. bought a new stake in National Bankshares in the 1st quarter valued at about $428,000. Vanguard Group Inc. lifted its position in National Bankshares by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 291,335 shares of the bank’s stock valued at $11,342,000 after purchasing an additional 8,820 shares during the last quarter. Finally, Eagle Ridge Investment Management bought a new stake in National Bankshares in the 1st quarter valued at about $324,000. Institutional investors own 30.05% of the company’s stock.
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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