National Bankshares, Inc. (NKSH) PT Set at $40.00 by Sandler O’Neill

National Bankshares, Inc. (NASDAQ:NKSH) received a $40.00 target price from equities research analysts at Sandler O’Neill in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the bank’s stock. Sandler O’Neill’s price objective would indicate a potential upside of 8.11% from the stock’s current price.

Separately, TheStreet cut shares of National Bankshares from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th.

National Bankshares (NASDAQ NKSH) remained flat at $37.00 during midday trading on Tuesday. The stock had a trading volume of 145 shares. The firm’s 50-day moving average is $38.85 and its 200 day moving average is $39.89. National Bankshares has a one year low of $34.00 and a one year high of $45.35. The company has a market cap of $257.41 million, a price-to-earnings ratio of 17.74 and a beta of 0.33.

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Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in National Bankshares by 2.8% in the second quarter. Wells Fargo & Company MN now owns 4,333 shares of the bank’s stock worth $177,000 after buying an additional 117 shares during the period. Voya Investment Management LLC bought a new stake in National Bankshares during the second quarter worth approximately $225,000. BB&T Securities LLC boosted its stake in National Bankshares by 8.8% in the second quarter. BB&T Securities LLC now owns 6,150 shares of the bank’s stock worth $250,000 after buying an additional 500 shares during the period. Alliancebernstein L.P. bought a new stake in National Bankshares during the second quarter worth approximately $298,000. Finally, Dimensional Fund Advisors LP boosted its stake in National Bankshares by 44.5% in the second quarter. Dimensional Fund Advisors LP now owns 11,868 shares of the bank’s stock worth $484,000 after buying an additional 3,653 shares during the period. 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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