National Bankshares (NASDAQ:NKSH) Cut to "Sell" at StockNews.com

National Bankshares (NASDAQ:NKSH - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Tuesday.

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

National Bankshares Price Performance

NKSH stock traded down $0.01 during midday trading on Tuesday, reaching $29.24. The company had a trading volume of 4,913 shares, compared to its average volume of 13,581. The firm has a 50-day moving average price of $30.67 and a 200-day moving average price of $29.89. The company has a market capitalization of $186.00 million, a P/E ratio of 20.17 and a beta of 0.59. National Bankshares has a 1 year low of $26.50 and a 1 year high of $35.00.

Hedge Funds Weigh In On National Bankshares

A number of large investors have recently added to or reduced their stakes in NKSH. Barclays PLC grew 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 buying an additional 5,569 shares during the last quarter. Geode Capital Management LLC boosted its holdings in National Bankshares by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 138,246 shares of the bank's stock valued at $4,134,000 after acquiring an additional 5,975 shares during the period. State Street Corp grew its position in National Bankshares by 0.8% during the 3rd quarter. State Street Corp now owns 79,406 shares of the bank's stock worth $2,374,000 after acquiring an additional 622 shares during the last quarter. BNP Paribas Financial Markets increased its stake in National Bankshares by 71.7% in the 3rd 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 valued at $105,000 after purchasing an additional 500 shares during the last quarter. 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.