Insider Buying: National Bankshares, Inc. (NASDAQ:NKSH) CEO Buys $14,954.94 in Stock

National Bankshares, Inc. (NASDAQ:NKSH – Get Rating) CEO F Brad Denardo purchased 546 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was acquired at an average cost of $27.39 per share, for a total transaction of $14,954.94. Following the completion of the acquisition, the chief executive officer now owns 18,217 shares in the company, valued at approximately $498,963.63. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

National Bankshares Price Performance

NASDAQ NKSH opened at $26.79 on Friday. The business’s 50 day moving average price is $30.91 and its 200-day moving average price is $36.94. National Bankshares, Inc. has a fifty-two week low of $26.41 and a fifty-two week high of $43.78.

National Bankshares Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 22nd will be given a dividend of $0.73 per share. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, May 19th.

Hedge Funds Weigh In On National Bankshares

Large investors have recently modified their holdings of the stock. UBS Group AG grew its position in National Bankshares by 122.6% in the 1st quarter. UBS Group AG now owns 730 shares of the bank’s stock valued at $27,000 after acquiring an additional 402 shares during the last quarter. Citigroup Inc. bought a new position in National Bankshares in the 1st quarter valued at $33,000. Barclays PLC grew its position in National Bankshares by 256.9% in the 4th quarter. Barclays PLC now owns 1,299 shares of the bank’s stock valued at $52,000 after acquiring an additional 935 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in National Bankshares by 143.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,403 shares of the bank’s stock valued at $56,000 after acquiring an additional 826 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of National Bankshares by 94.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,301 shares of the bank’s stock worth $133,000 after buying an additional 1,601 shares in the last quarter. Institutional investors own 23.42% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised National Bankshares from a “sell” rating to a “hold” rating in a report on Friday.

About National Bankshares

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National Bankshares, Inc is a community bank holding company. It offers financial products and services, including deposit accounts, commercial, consumer and mortgage loans, credit cards and trust services throughout Southwest Virginia. National Bankshares was founded in 1986 and is headquartered in Blacksburg, VA.