Sheaff Brock Investment Advisors LLC held its position in National Bankshares, Inc. (NASDAQ:NKSH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,928 shares of the bank’s stock at the end of the 2nd quarter. Sheaff Brock Investment Advisors LLC owned approximately 0.27% of National Bankshares worth $772,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in NKSH. BB&T Securities LLC lifted its stake in National Bankshares by 8.8% during the 2nd quarter. BB&T Securities LLC now owns 6,150 shares of the bank’s stock valued at $250,000 after acquiring an additional 500 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of National Bankshares by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,780 shares of the bank’s stock worth $1,255,000 after purchasing an additional 703 shares during the period. Brandes Investment Partners LP lifted its stake in shares of National Bankshares by 259.8% in the 2nd quarter. Brandes Investment Partners LP now owns 29,494 shares of the bank’s stock worth $1,204,000 after purchasing an additional 21,296 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of National Bankshares by 8.6% in the 2nd quarter. Royce & Associates LP now owns 542,031 shares of the bank’s stock worth $22,115,000 after purchasing an additional 43,000 shares during the period. Institutional investors own 36.23% of the company’s stock.
Several brokerages have recently weighed in on NKSH. Sandler O’Neill set a $40.00 target price on shares of National Bankshares and gave the stock a “hold” rating in a report on Tuesday, August 29th. TheStreet lowered shares of National Bankshares from a “b” rating to a “c+” rating in a report on Wednesday, August 16th.
National Bankshares, Inc. (NKSH) opened at 42.45 on Friday. The stock has a market capitalization of $295.32 million, a price-to-earnings ratio of 20.35 and a beta of 0.32. National Bankshares, Inc. has a 12-month low of $34.00 and a 12-month high of $45.35. The company has a 50 day moving average of $38.42 and a 200-day moving average of $39.79.
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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