Zacks: Brokerages Set $41.25 Price Target for National Bankshares Inc. (NASDAQ:NKSH)
Shares of National Bankshares Inc. (NASDAQ:NKSH) have earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation. National Bankshares’ rating score has declined by 200% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus target price of $41.25 for the company, according to Zacks. Zacks has also given National Bankshares an industry rank of 171 out of 255 based on the ratings given to related companies.
A number of research analysts recently commented on the stock. Sandler O’Neill lowered shares of National Bankshares from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. ValuEngine lowered shares of National Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. TheStreet upgraded shares of National Bankshares from a “c+” rating to a “b-” rating in a research report on Tuesday, October 1st. Finally, BidaskClub lowered shares of National Bankshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 18th.
NKSH traded down $0.12 on Friday, reaching $41.33. The company had a trading volume of 5,925 shares, compared to its average volume of 5,589. National Bankshares has a fifty-two week low of $32.52 and a fifty-two week high of $48.82. The stock has a market cap of $268.23 million, a P/E ratio of 16.08 and a beta of 0.54. The company’s fifty day moving average is $44.19 and its 200 day moving average is $40.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.81 and a current ratio of 0.82.
National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings results on Thursday, November 7th. The bank reported $0.65 EPS for the quarter. National Bankshares had a net margin of 32.46% and a return on equity of 9.28%. The business had revenue of $11.52 million for the quarter.
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.
Further Reading: Guidelines for Successful Channel Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for National Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.