StockNews.com Upgrades National Bankshares (NASDAQ:NKSH) to “Hold”

National Bankshares (NASDAQ:NKSH) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Separately, Janney Montgomery Scott upgraded National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Friday, November 22nd.

National Bankshares Stock Down 1.3 %

Shares of NKSH stock opened at $31.57 on Monday. National Bankshares has a 12 month low of $25.18 and a 12 month high of $37.00. The business’s 50 day moving average is $30.14 and its two-hundred day moving average is $29.83. The company has a market cap of $200.82 million, a PE ratio of 21.77 and a beta of 0.56.

Institutional Investors Weigh In On National Bankshares

Several hedge funds have recently modified their holdings of the business. Barclays PLC boosted its position in shares of National Bankshares by 290.4% in the third quarter. Barclays PLC now owns 7,487 shares of the bank’s stock valued at $224,000 after acquiring an additional 5,569 shares during the period. Geode Capital Management LLC lifted its position in National Bankshares by 4.5% in the third quarter. Geode Capital Management LLC now owns 138,246 shares of the bank’s stock worth $4,134,000 after purchasing an additional 5,975 shares during the period. State Street Corp lifted its position in National Bankshares by 0.8% in the third quarter. State Street Corp now owns 79,406 shares of the bank’s stock worth $2,374,000 after purchasing an additional 622 shares during the period. BNP Paribas Financial Markets lifted its position in National Bankshares by 71.7% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $53,000 after purchasing an additional 734 shares during the period. Finally, Private Trust Co. NA lifted its position in National Bankshares by 16.7% in the third quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock worth $105,000 after purchasing an additional 500 shares during the period. 29.73% of the stock is owned by 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 products and 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, health savings accounts, and individual retirement accounts.