Sandler O’Neill set a $40.00 target price on National Bankshares, Inc. (NASDAQ:NKSH) in a research note released on Tuesday morning. The firm currently has a hold rating on the bank’s stock.

Separately, TheStreet lowered shares of National Bankshares from a b rating to a c+ rating in a report on Wednesday, August 16th.

National Bankshares (NKSH) opened at 37.60 on Tuesday. The company has a market capitalization of $261.58 million, a price-to-earnings ratio of 18.02 and a beta of 0.33. National Bankshares has a 52 week low of $34.00 and a 52 week high of $45.35. The company’s 50-day moving average price is $38.85 and its 200 day moving average price is $39.89.

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A number of hedge funds have recently bought and sold shares of NKSH. Bank of New York Mellon Corp raised its stake in 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 worth $1,255,000 after buying an additional 703 shares during the period. BB&T Securities LLC raised 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. Royce & Associates LP raised its stake in National Bankshares by 8.6% in the second quarter. Royce & Associates LP now owns 542,031 shares of the bank’s stock worth $22,115,000 after buying an additional 43,000 shares during the period. Brandes Investment Partners LP raised its stake in National Bankshares by 259.8% in the second quarter. Brandes Investment Partners LP now owns 29,494 shares of the bank’s stock worth $1,204,000 after buying an additional 21,296 shares during the period. Finally, Wells Fargo & Company MN raised 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. 36.23% of the stock is currently owned by institutional investors and hedge funds.

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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