Piper Sandler analyst Brendan Nosal downgraded National Bankshares to Neutral from Overweight with a price target of $31, down from $34, post the Q2 results. “Unexpectedly large” net interest margin pressure drove a wide net interest income shortfall verses expectations, the analyst tells investors in a research note. The firm reduced 2024 earnings estimates by 20% and downgraded National Bankshares post the results.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NKSH: