Zacks: National Bankshares Inc. (NKSH) Given Average Recommendation of “Strong Buy” by Brokerages

Shares of National Bankshares Inc. (NASDAQ:NKSH) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating. National Bankshares’ rating score has improved by 50% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a one year consensus target price of $42.50 for the company, according to Zacks. Zacks has also assigned National Bankshares an industry rank of 41 out of 255 based on the ratings given to related companies.

A number of equities research analysts recently commented on NKSH shares. BidaskClub upgraded National Bankshares from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Sandler O’Neill upgraded National Bankshares from a “hold” rating to a “buy” rating and set a $42.50 target price on the stock in a research report on Monday, February 4th. They noted that the move was a valuation call.

In other National Bankshares news, Director Jack M. Lewis bought 3,000 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were purchased at an average price of $36.50 per share, for a total transaction of $109,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Norman V. Fitzwater III bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of $41.78 per share, for a total transaction of $41,780.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $208,900. The disclosure for this purchase can be found here. Insiders have bought a total of 5,999 shares of company stock worth $227,712 in the last quarter. Insiders own 3.71% of the company’s stock.

Several large investors have recently made changes to their positions in NKSH. Vanguard Group Inc raised its stake in 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 during the last quarter. Captrust Financial Advisors increased its stake in shares of National Bankshares by 313.3% in the 3rd quarter. Captrust Financial Advisors now owns 6,200 shares of the bank’s stock worth $282,000 after acquiring an additional 4,700 shares during the last quarter. BlackRock Inc. increased its stake in shares of National Bankshares by 0.9% in the 3rd quarter. BlackRock Inc. now owns 473,758 shares of the bank’s stock worth $21,532,000 after acquiring an additional 4,043 shares during the last quarter. BB&T Securities LLC increased its stake in shares of National Bankshares by 38.5% in the 4th quarter. BB&T Securities LLC now owns 9,020 shares of the bank’s stock worth $328,000 after acquiring an additional 2,507 shares during the last quarter. Finally, 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 worth $12,201,000 after acquiring an additional 1,605 shares during the last quarter. Hedge funds and other institutional investors own 35.50% of the company’s stock.

Shares of NASDAQ NKSH opened at $44.31 on Tuesday. The company has a market capitalization of $308.31 million, a P/E ratio of 17.61 and a beta of 0.45. National Bankshares has a 52 week low of $33.65 and a 52 week high of $49.75.

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 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.

Further Reading: How to calculate the intrinsic value of a stock

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