National Bankshares (NASDAQ:NKSH) Rating Lowered to “Sell” at StockNews.com

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

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

National Bankshares Stock Down 2.7 %

Shares of NASDAQ NKSH opened at $29.25 on Tuesday. National Bankshares has a 52 week low of $26.50 and a 52 week high of $35.00. The business’s 50 day moving average price is $30.67 and its 200 day moving average price is $29.89. The firm has a market cap of $186.06 million, a P/E ratio of 20.17 and a beta of 0.59.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of National Bankshares by 4.5% during the 3rd 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. Brandes Investment Partners LP boosted its holdings in National Bankshares by 14.4% during the second quarter. Brandes Investment Partners LP now owns 135,937 shares of the bank’s stock worth $3,839,000 after buying an additional 17,149 shares in the last quarter. State Street Corp grew its position in 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 buying an additional 622 shares during the period. Bank of New York Mellon Corp increased its holdings in National Bankshares by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock valued at $683,000 after buying an additional 471 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of National Bankshares by 2.4% in the second quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock worth $604,000 after acquiring an additional 500 shares during the period. 29.73% of the stock is owned by institutional investors and hedge funds.

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.