National Bankshares Inc. (NASDAQ:NKSH) Director John Elliott Dooley purchased 617 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was bought at an average cost of $43.00 per share, with a total value of $26,531.00. Following the purchase, the director now owns 3,942 shares in the company, valued at $169,506. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NKSH traded down $0.41 during mid-day trading on Thursday, reaching $42.59. The company’s stock had a trading volume of 253 shares, compared to its average volume of 5,074. The firm has a market cap of $299.19 million, a price-to-earnings ratio of 18.45 and a beta of 0.23. National Bankshares Inc. has a 52 week low of $37.55 and a 52 week high of $49.75.
National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Thursday, October 18th. The bank reported $0.61 earnings per share for the quarter. The firm had revenue of $11.61 million during the quarter. National Bankshares had a net margin of 28.66% and a return on equity of 8.74%.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 26th were issued a $0.63 dividend. This represents a dividend yield of 2.85%. This is a positive change from National Bankshares’s previous Semi-Annual dividend of $0.55. The ex-dividend date of this dividend was Friday, November 23rd.
NKSH has been the subject of a number of research reports. BidaskClub cut shares of National Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday. Sandler O’Neill cut shares of National Bankshares from a “buy” rating to a “hold” rating and cut their price target for the stock from $54.00 to $48.00 in a research note on Monday, October 22nd. They noted that the move was a valuation call.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of National Bankshares by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 268,441 shares of the bank’s stock worth $12,201,000 after acquiring an additional 1,605 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of National Bankshares by 313.3% in the 3rd quarter. Captrust Financial Advisors now owns 6,200 shares of the bank’s stock worth $282,000 after acquiring an additional 4,700 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of National Bankshares by 60.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 5,599 shares of the bank’s stock worth $254,000 after acquiring an additional 2,112 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of National Bankshares by 3.1% in the 3rd quarter. Royce & Associates LP now owns 419,271 shares of the bank’s stock worth $19,056,000 after acquiring an additional 12,723 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of National Bankshares by 0.9% in the 3rd quarter. BlackRock Inc. now owns 473,758 shares of the bank’s stock worth $21,532,000 after acquiring an additional 4,043 shares during the last quarter. Hedge funds and other institutional investors own 36.65% of the company’s stock.
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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 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 deposits, and individual retirement accounts Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties.
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