National Bankshares Inc. (NASDAQ:NKSH) Director John Elliott Dooley purchased 617 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were acquired at an average price of $43.00 per share, for a total transaction of $26,531.00. Following the acquisition, the director now owns 3,942 shares of the company’s stock, valued at approximately $169,506. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ:NKSH traded up $0.39 during mid-day trading on Friday, reaching $41.50. 24 shares of the company’s stock were exchanged, compared to its average volume of 4,881. The firm has a market cap of $299.19 million, a PE ratio of 18.45 and a beta of 0.23. National Bankshares Inc. has a twelve month low of $37.55 and a twelve month high of $49.75.
National Bankshares (NASDAQ:NKSH) last released its earnings results on Thursday, October 18th. The bank reported $0.61 earnings per share (EPS) for the quarter. The business had revenue of $11.61 million for the quarter. National Bankshares had a net margin of 28.66% and a return on equity of 8.74%.
The company also recently announced a Semi-Annual dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 26th were issued a $0.63 dividend. 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. This represents a yield of 2.85%.
A number of brokerages have recently commented on NKSH. BidaskClub upgraded shares of National Bankshares from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. Sandler O’Neill lowered 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 report on Monday, October 22nd. They noted that the move was a valuation call.
A number of hedge funds have recently added to or reduced their stakes in NKSH. BlackRock Inc. lifted its holdings in National Bankshares by 5.0% in the second quarter. BlackRock Inc. now owns 469,715 shares of the bank’s stock valued at $21,794,000 after buying an additional 22,466 shares during the period. Royce & Associates LP lifted its holdings in National Bankshares by 3.1% in the third quarter. Royce & Associates LP now owns 419,271 shares of the bank’s stock valued at $19,056,000 after buying an additional 12,723 shares during the period. Renaissance Technologies LLC lifted its holdings in National Bankshares by 10.2% in the second quarter. Renaissance Technologies LLC now owns 72,200 shares of the bank’s stock valued at $3,350,000 after buying an additional 6,700 shares during the period. Captrust Financial Advisors lifted its holdings in National Bankshares by 313.3% in the third quarter. Captrust Financial Advisors now owns 6,200 shares of the bank’s stock valued at $282,000 after buying an additional 4,700 shares during the period. Finally, MetLife Investment Advisors LLC lifted its holdings in National Bankshares by 60.6% in the third quarter. MetLife Investment Advisors LLC now owns 5,599 shares of the bank’s stock valued at $254,000 after buying an additional 2,112 shares during the period. Institutional investors and hedge funds 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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