According to Zacks, “National Bankshares, Inc. is a bank holding company. Except for a separate investment portfolio, Bankshares conducts all of its business operations through its two wholly-owned subsidiaries, The National Bank of Blacksburg and Bank of Tazewell County . “
Several other equities research analysts have also recently weighed in on NKSH. Piper Sandler upgraded National Bankshares from a neutral rating to an overweight rating and dropped their price objective for the stock from $37.00 to $32.00 in a report on Monday, April 27th. TheStreet cut National Bankshares from a b rating to a c+ rating in a report on Thursday, March 5th. Finally, ValuEngine cut National Bankshares from a hold rating to a sell rating in a report on Saturday, June 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $32.00.
Shares of NKSH stock opened at $28.01 on Tuesday. The stock has a market capitalization of $181.77 million, a PE ratio of 10.73 and a beta of 0.54. National Bankshares has a 1-year low of $25.69 and a 1-year high of $48.82. The business has a 50-day moving average of $29.25 and a 200 day moving average of $35.02.
National Bankshares (NASDAQ:NKSH) last issued its earnings results on Thursday, May 7th. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.02. The company had revenue of $11.73 million during the quarter, compared to analysts’ expectations of $11.70 million. National Bankshares had a return on equity of 9.10% and a net margin of 31.58%. Research analysts anticipate that National Bankshares will post 1.82 EPS for the current fiscal year.
The company also recently announced a semi-annual dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 25th were given a $0.67 dividend. This represents a dividend yield of 5%. The ex-dividend date was Thursday, May 21st. National Bankshares’s dividend payout ratio is currently 50.57%.
In other news, Director Lawrence J. Ball bought 2,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was purchased at an average price of $33.49 per share, with a total value of $66,980.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $334,900. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.39% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in NKSH. Marshall Wace LLP bought a new position in shares of National Bankshares in the 1st quarter worth approximately $28,000. Charles Schwab Investment Management Inc. raised its position in shares of National Bankshares by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,461 shares of the bank’s stock worth $740,000 after acquiring an additional 586 shares in the last quarter. Barclays PLC raised its position in shares of National Bankshares by 100.3% in the 4th quarter. Barclays PLC now owns 6,437 shares of the bank’s stock worth $289,000 after acquiring an additional 3,223 shares in the last quarter. Citigroup Inc. raised its position in shares of National Bankshares by 37.6% in the 4th quarter. Citigroup Inc. now owns 1,267 shares of the bank’s stock worth $57,000 after acquiring an additional 346 shares in the last quarter. Finally, Advisor Group Inc. bought a new position in National Bankshares during the 4th quarter valued at approximately $311,000. 31.01% of the stock is owned by hedge funds and other 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 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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