National Bankshares, Inc. (NASDAQ:NKSH) Director Purchases $27,000.00 in Stock

National Bankshares, Inc. (NASDAQ:NKSH) Director Lawrence J. Ball bought 1,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $27.00 per share, with a total value of $27,000.00. Following the completion of the acquisition, the director now owns 20,688 shares of the company’s stock, valued at approximately $558,576. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

National Bankshares Price Performance

NKSH opened at $28.27 on Monday. National Bankshares, Inc. has a 1-year low of $22.28 and a 1-year high of $37.00. The stock has a market cap of $166.62 million, a P/E ratio of 12.51 and a beta of 0.58. The stock’s 50 day simple moving average is $29.58 and its 200 day simple moving average is $30.54.

National Bankshares (NASDAQ:NKSH) last posted its earnings results on Wednesday, May 15th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). The firm had revenue of $10.44 million for the quarter, compared to analysts’ expectations of $10.64 million. National Bankshares had a return on equity of 10.17% and a net margin of 19.00%. Research analysts expect that National Bankshares, Inc. will post 1.9 EPS for the current fiscal year.

National Bankshares Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 28th were given a dividend of $0.73 per share. This represents a yield of 4.6%. The ex-dividend date was Friday, May 24th. National Bankshares’s payout ratio is currently 64.60%.

Institutional Trading of National Bankshares

Several institutional investors and hedge funds have recently modified their holdings of NKSH. Eagle Ridge Investment Management purchased a new position in shares of National Bankshares during the 4th quarter worth approximately $228,000. Sheaff Brock Investment Advisors LLC acquired a new stake in National Bankshares during the 4th quarter valued at $209,000. BNP Paribas Financial Markets increased its position in National Bankshares by 67.0% during the first quarter. BNP Paribas Financial Markets now owns 2,821 shares of the bank’s stock worth $94,000 after buying an additional 1,132 shares in the last quarter. rhino investment partners Inc acquired a new position in shares of National Bankshares in the fourth quarter worth $2,285,000. Finally, SG Americas Securities LLC purchased a new stake in shares of National Bankshares in the fourth quarter valued at $103,000. Hedge funds and other institutional investors own 29.73% of the company’s stock.

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 products and 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, health savings accounts, and individual retirement accounts.