Zacks: Brokerages Set $42.50 Price Target for National Bankshares Inc. (NASDAQ:NKSH)

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National Bankshares Inc. (NASDAQ:NKSH) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

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 172 out of 256 based on the ratings given to its competitors.

Several equities analysts have weighed in on the company. TheStreet cut National Bankshares from a “b-” rating to a “c+” rating in a research note on Tuesday, September 3rd. ValuEngine raised National Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, BidaskClub raised National Bankshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 14th.

National Bankshares stock traded down $0.15 during midday trading on Thursday, hitting $39.91. The company’s stock had a trading volume of 127 shares, compared to its average volume of 7,923. The stock’s 50-day moving average price is $34.97 and its 200-day moving average price is $38.47. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $262.17 million, a PE ratio of 15.93 and a beta of 0.52. National Bankshares has a 12 month low of $32.52 and a 12 month high of $47.50.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Wednesday, August 7th. The bank reported $0.61 earnings per share (EPS) for the quarter. The firm had revenue of $11.24 million for the quarter. National Bankshares had a return on equity of 9.28% and a net margin of 32.78%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of National Bankshares in the first quarter valued at $28,000. BNP Paribas Arbitrage SA raised its stake in shares of National Bankshares by 510.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,416 shares of the bank’s stock valued at $61,000 after purchasing an additional 1,184 shares in the last quarter. Bank of Montreal Can raised its stake in shares of National Bankshares by 33.5% in the second quarter. Bank of Montreal Can now owns 2,066 shares of the bank’s stock valued at $80,000 after purchasing an additional 518 shares in the last quarter. Aperio Group LLC acquired a new position in shares of National Bankshares in the second quarter valued at $88,000. Finally, Hilton Capital Management LLC raised its stake in shares of National Bankshares by 5,965.9% in the first quarter. Hilton Capital Management LLC now owns 2,669 shares of the bank’s stock valued at $114,000 after purchasing an additional 2,625 shares in the last quarter. Institutional investors and hedge funds own 29.64% of the company’s stock.

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 deposit, and individual retirement accounts.

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