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

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

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

National Bankshares Stock Up 2.2 %

Shares of NKSH stock traded up $0.70 during trading on Monday, hitting $31.98. The company had a trading volume of 13,567 shares, compared to its average volume of 13,426. The stock’s 50-day moving average is $30.06 and its two-hundred day moving average is $29.81. The stock has a market capitalization of $203.42 million, a price-to-earnings ratio of 22.06 and a beta of 0.56. National Bankshares has a 52 week low of $25.18 and a 52 week high of $37.00.

Institutional Trading of National Bankshares

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its stake in shares of National Bankshares by 290.4% during the third quarter. Barclays PLC now owns 7,487 shares of the bank’s stock valued at $224,000 after purchasing an additional 5,569 shares during the period. Geode Capital Management LLC boosted its stake in shares of National Bankshares by 4.5% during the third quarter. Geode Capital Management LLC now owns 138,246 shares of the bank’s stock valued at $4,134,000 after purchasing an additional 5,975 shares during the period. State Street Corp boosted its stake in shares of National Bankshares by 0.8% during the third quarter. State Street Corp now owns 79,406 shares of the bank’s stock valued at $2,374,000 after purchasing an additional 622 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of National Bankshares by 71.7% during the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $53,000 after purchasing an additional 734 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of National Bankshares by 16.7% during the third quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock valued at $105,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 29.73% of the company’s stock.

About National Bankshares

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.