Janney Montgomery Scott Upgrades National Bankshares (NASDAQ:NKSH) to Buy

National Bankshares (NASDAQ:NKSH) was upgraded by equities research analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a note issued to investors on Friday,Briefing.com Automated Import reports.

National Bankshares Trading Down 1.0 %

Shares of NKSH stock opened at $30.72 on Friday. The business’s 50 day moving average is $30.00 and its two-hundred day moving average is $29.76. National Bankshares has a twelve month low of $25.18 and a twelve month high of $37.00. The company has a market capitalization of $195.35 million, a P/E ratio of 21.18 and a beta of 0.56.

Institutional Trading of National Bankshares

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of National Bankshares by 71.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $53,000 after buying an additional 734 shares during the period. Private Trust Co. NA lifted its holdings in shares of National Bankshares by 16.7% in the 3rd quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock valued at $105,000 after buying an additional 500 shares during the period. Eagle Ridge Investment Management acquired a new stake in shares of National Bankshares in the 3rd quarter valued at approximately $211,000. Barclays PLC lifted its holdings in shares of National Bankshares by 290.4% in the 3rd 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 period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of National Bankshares in the 2nd quarter valued at approximately $226,000. 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.