National Bankshares (NASDAQ:NKSH) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

NKSH opened at $46.80 on Thursday. The company has a market cap of $320.76 million, a P/E ratio of 21.05 and a beta of 0.21. National Bankshares has a fifty-two week low of $36.75 and a fifty-two week high of $49.75.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings results on Friday, July 27th. The bank reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). National Bankshares had a return on equity of 8.50% and a net margin of 27.73%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in shares of National Bankshares by 36.2% during the first quarter. Russell Investments Group Ltd. now owns 4,253 shares of the bank’s stock worth $192,000 after buying an additional 1,131 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of National Bankshares by 7.4% during the second quarter. California Public Employees Retirement System now owns 19,090 shares of the bank’s stock worth $886,000 after buying an additional 1,313 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of National Bankshares by 3.2% during the fourth quarter. Renaissance Technologies LLC now owns 67,200 shares of the bank’s stock worth $3,054,000 after buying an additional 2,100 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of National Bankshares by 16.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 15,588 shares of the bank’s stock worth $703,000 after buying an additional 2,200 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in shares of National Bankshares during the fourth quarter worth approximately $158,000. 36.35% of the stock is owned by institutional investors and hedge funds.

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 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.

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