National Bankshares Inc. (NASDAQ:NKSH) Director Lawrence J. Ball purchased 1,000 shares of National Bankshares stock in a transaction on Thursday, May 16th. The shares were acquired at an average price of $40.00 per share, for a total transaction of $40,000.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $240,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ:NKSH traded up $0.32 during trading on Thursday, reaching $40.30. 500 shares of the company traded hands, compared to its average volume of 16,453. The firm has a market cap of $265.49 million, a PE ratio of 17.51 and a beta of 0.44. National Bankshares Inc. has a 52-week low of $33.65 and a 52-week high of $49.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.74 and a current ratio of 0.74.
National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. National Bankshares had a return on equity of 9.28% and a net margin of 33.21%.
Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new stake in National Bankshares in the first quarter worth $28,000. BNP Paribas Arbitrage SA boosted its stake in National Bankshares by 510.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,416 shares of the bank’s stock worth $61,000 after purchasing an additional 1,184 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in National Bankshares by 393.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,649 shares of the bank’s stock worth $97,000 after purchasing an additional 2,112 shares during the period. Hilton Capital Management LLC boosted its stake in National Bankshares by 5,965.9% in the 1st quarter. Hilton Capital Management LLC now owns 2,669 shares of the bank’s stock worth $114,000 after purchasing an additional 2,625 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in National Bankshares by 140.2% in the 1st quarter. JPMorgan Chase & Co. now owns 4,545 shares of the bank’s stock worth $195,000 after purchasing an additional 2,653 shares during the period. 38.21% of the stock is owned by institutional investors.
NKSH has been the subject of a number of analyst reports. BidaskClub lowered National Bankshares from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th. Sandler O’Neill raised National Bankshares from a “hold” rating to a “buy” rating and set a $42.50 price objective for the company in a research note on Monday, February 4th. They noted that the move was a valuation call.
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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 deposit, and individual retirement accounts.
See Also: Cost of Capital
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