National Bankshares (NASDAQ:NKSH) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of National Bankshares (NASDAQ:NKSHGet Rating) in a report released on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

NKSH stock opened at $32.78 on Tuesday. National Bankshares has a 52 week low of $31.42 and a 52 week high of $39.19. The firm’s 50-day moving average is $35.48 and its two-hundred day moving average is $36.33.

Hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC raised its holdings in shares of National Bankshares by 2.8% in the 3rd quarter. LPL Financial LLC now owns 11,166 shares of the bank’s stock worth $405,000 after purchasing an additional 300 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of National Bankshares by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 54,536 shares of the bank’s stock worth $1,980,000 after purchasing an additional 350 shares in the last quarter. UBS Group AG raised its holdings in shares of National Bankshares by 122.6% in the 1st quarter. UBS Group AG now owns 730 shares of the bank’s stock worth $27,000 after purchasing an additional 402 shares in the last quarter. Northern Trust Corp raised its holdings in shares of National Bankshares by 4.5% in the 4th quarter. Northern Trust Corp now owns 14,504 shares of the bank’s stock worth $519,000 after purchasing an additional 622 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of National Bankshares by 1.1% in the 4th quarter. Millennium Management LLC now owns 61,316 shares of the bank’s stock worth $2,223,000 after purchasing an additional 644 shares in the last quarter. Institutional investors own 25.03% of the company’s stock.

National Bankshares Company Profile (Get Rating)

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.

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