Royce & Associates LP Has $22.08 Million Position in National Bankshares, Inc. (NKSH)
Royce & Associates LP decreased its position in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 491,197 shares of the bank’s stock after selling 50,834 shares during the period. Royce & Associates LP owned about 7.06% of National Bankshares worth $22,079,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in NKSH. Bank of New York Mellon Corp increased its stake in National Bankshares by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,780 shares of the bank’s stock worth $1,255,000 after buying an additional 703 shares during the period. BB&T Securities LLC increased its stake in National Bankshares by 8.8% during the 2nd quarter. BB&T Securities LLC now owns 6,150 shares of the bank’s stock worth $250,000 after buying an additional 500 shares during the period. Brandes Investment Partners LP grew its holdings in National Bankshares by 259.8% during the 2nd quarter. Brandes Investment Partners LP now owns 29,494 shares of the bank’s stock worth $1,204,000 after acquiring an additional 21,296 shares in the last quarter. Wells Fargo & Company MN grew its holdings in National Bankshares by 2.8% during the 2nd quarter. Wells Fargo & Company MN now owns 4,333 shares of the bank’s stock worth $177,000 after acquiring an additional 117 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in National Bankshares during the 2nd quarter worth $298,000. 35.45% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the stock. TheStreet lowered shares of National Bankshares from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Sandler O’Neill set a $40.00 price objective on shares of National Bankshares and gave the stock a “hold” rating in a report on Tuesday, August 29th.
National Bankshares, Inc. (NKSH) opened at $45.15 on Friday. The firm has a market cap of $316.24, a price-to-earnings ratio of 21.96 and a beta of 0.31. National Bankshares, Inc. has a fifty-two week low of $36.05 and a fifty-two week high of $47.65.
National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Friday, October 27th. The bank reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.01). The company had revenue of $11.88 million for the quarter. National Bankshares had a return on equity of 7.90% and a net margin of 28.45%.
The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were issued a dividend of $0.61 per share. This is a positive change from National Bankshares’s previous Semi-Annual dividend of $0.55. This represents a yield of 2.79%. The ex-dividend date of this dividend was Friday, November 17th. National Bankshares’s dividend payout ratio (DPR) is currently 58.94%.
In other National Bankshares news, Director Glenn P. Reynolds sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $44.01, for a total transaction of $44,010.00. Following the completion of the transaction, the director now directly owns 5,144 shares of the company’s stock, valued at approximately $226,387.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.68% of the stock is owned by company insiders.
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National Bankshares Profile
National Bankshares, Inc is a financial holding company. The Company conducts its operations through its community bank subsidiary, the National Bank of Blacksburg (NBB or the Bank). NBB offers a range of retail and commercial banking services to individuals, businesses, non-profits and local governments.
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