National Bankshares, Inc. (NASDAQ:NKSH) has been given a $40.00 price objective by equities researchers at Sandler O’Neill in a research report issued to clients and investors on Tuesday. The firm presently has a “hold” rating on the bank’s stock. Sandler O’Neill’s price objective suggests a potential upside of 6.38% from the stock’s previous close.

Separately, TheStreet downgraded National Bankshares from a “b” rating to a “c+” rating in a report on Wednesday, August 16th.

Shares of National Bankshares (NASDAQ:NKSH) traded up 1.62% during trading on Tuesday, hitting $37.60. The company had a trading volume of 804 shares. The company’s 50 day moving average is $38.85 and its 200 day moving average is $39.89. National Bankshares has a 1-year low of $34.00 and a 1-year high of $45.35. The firm has a market capitalization of $261.58 million, a P/E ratio of 18.02 and a beta of 0.33.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of National Bankshares by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 30,780 shares of the bank’s stock valued at $1,255,000 after buying an additional 703 shares during the period. BB&T Securities LLC increased its position in shares of National Bankshares by 8.8% in the second quarter. BB&T Securities LLC now owns 6,150 shares of the bank’s stock valued at $250,000 after buying an additional 500 shares during the period. Royce & Associates LP increased its position in shares of National Bankshares by 8.6% in the second quarter. Royce & Associates LP now owns 542,031 shares of the bank’s stock valued at $22,115,000 after buying an additional 43,000 shares during the period. Brandes Investment Partners LP increased its position in shares of National Bankshares by 259.8% in the second quarter. Brandes Investment Partners LP now owns 29,494 shares of the bank’s stock valued at $1,204,000 after buying an additional 21,296 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of National Bankshares by 2.8% in the second quarter. Wells Fargo & Company MN now owns 4,333 shares of the bank’s stock valued at $177,000 after buying an additional 117 shares during the period. Hedge funds and other institutional investors own 36.23% of the company’s stock.

About National Bankshares

National Bankshares, Inc is a financial holding company. The Company conducts its operations through its community bank subsidiary, the National Bank of Blacksburg (NBB or the Bank). NBB offers a range of retail and commercial banking services to individuals, businesses, non-profits and local governments.

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