National Bankshares, Inc. (NASDAQ:NKSH) Director Lawrence J. Ball Buys 1,000 Shares

National Bankshares, Inc. (NASDAQ:NKSH) Director Lawrence J. Ball bought 1,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $27.50 per share, with a total value of $27,500.00. Following the completion of the purchase, the director now directly owns 21,906 shares in the company, valued at $602,415. This trade represents a 4.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

National Bankshares Stock Up 1.2 %

Shares of NKSH opened at $28.12 on Friday. The firm has a market cap of $178.87 million, a PE ratio of 23.05 and a beta of 0.60. The company’s fifty day moving average is $28.60 and its two-hundred day moving average is $29.56. National Bankshares, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $35.00.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. National Bankshares had a net margin of 9.64% and a return on equity of 5.00%. As a group, equities research analysts anticipate that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

Hedge Funds Weigh In On National Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings in shares of National Bankshares by 131.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank’s stock valued at $33,000 after acquiring an additional 655 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in National Bankshares by 71.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $53,000 after buying an additional 734 shares in the last quarter. Private Trust Co. NA lifted its holdings in National Bankshares by 16.7% in the 3rd quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock worth $105,000 after buying an additional 500 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in National Bankshares by 10.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,635 shares of the bank’s stock worth $219,000 after buying an additional 725 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in National Bankshares in the 4th quarter worth $223,000. Institutional investors and hedge funds own 29.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on NKSH. StockNews.com raised shares of National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Janney Montgomery Scott raised shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, November 22nd.

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.