Insider Buying: National Bankshares, Inc. (NASDAQ:NKSH) Director Acquires 1,000 Shares of Stock

National Bankshares, Inc. (NASDAQ:NKSH) Director Charles E. Green III bought 1,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $27.08 per share, for a total transaction of $27,080.00. Following the completion of the transaction, the director now directly owns 49,144 shares of the company’s stock, valued at approximately $1,330,819.52. The trade was a 2.08 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

National Bankshares Stock Up 0.1 %

NASDAQ NKSH opened at $27.15 on Tuesday. The stock’s 50-day moving average price is $28.30 and its 200-day moving average price is $29.39. National Bankshares, Inc. has a 52 week low of $26.00 and a 52 week high of $35.00. The company has a market capitalization of $172.70 million, a P/E ratio of 22.25 and a beta of 0.55.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. National Bankshares had a return on equity of 5.00% and a net margin of 9.64%. Research analysts anticipate that National Bankshares, Inc. will post 2.35 EPS for the current year.

Institutional Trading of National Bankshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in NKSH. Charles Schwab Investment Management Inc. raised its stake in National Bankshares by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank’s stock valued at $486,000 after purchasing an additional 550 shares during the period. Private Trust Co. NA raised its stake in National Bankshares by 16.7% during the 3rd quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock valued at $105,000 after purchasing an additional 500 shares during the period. BNP Paribas Financial Markets raised its stake in National Bankshares by 71.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $53,000 after purchasing an additional 734 shares during the period. State Street Corp raised its stake in National Bankshares by 0.8% during the 3rd quarter. State Street Corp now owns 79,406 shares of the bank’s stock valued at $2,374,000 after purchasing an additional 622 shares during the period. Finally, Barclays PLC raised its stake in National Bankshares by 290.4% during the 3rd quarter. Barclays PLC now owns 7,487 shares of the bank’s stock valued at $224,000 after purchasing an additional 5,569 shares during the period. Institutional investors own 29.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About National Bankshares

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.