National Bankshares (NASDAQ:NKSH) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday.
Separately, Sandler O’Neill downgraded shares of National Bankshares from a “buy” rating to a “hold” rating and decreased their price target for the stock from $54.00 to $48.00 in a research report on Monday, October 22nd. They noted that the move was a valuation call.
Shares of NKSH stock traded up $0.34 during mid-day trading on Friday, reaching $44.80. 8,279 shares of the company were exchanged, compared to its average volume of 6,574. National Bankshares has a fifty-two week low of $37.55 and a fifty-two week high of $49.75. The company has a market capitalization of $309.35 million, a P/E ratio of 19.08 and a beta of 0.26.
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.
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