BlackRock Inc. grew its stake in National Bankshares Inc. (NASDAQ:NKSH) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 479,979 shares of the bank’s stock after purchasing an additional 6,221 shares during the quarter. BlackRock Inc. owned about 6.90% of National Bankshares worth $17,485,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NKSH. MetLife Investment Advisors LLC lifted its stake in shares of National Bankshares by 60.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 5,599 shares of the bank’s stock valued at $254,000 after purchasing an additional 2,112 shares during the period. Captrust Financial Advisors lifted its stake in shares of National Bankshares by 313.3% in the 3rd quarter. Captrust Financial Advisors now owns 6,200 shares of the bank’s stock valued at $282,000 after purchasing an additional 4,700 shares during the period. BB&T Securities LLC lifted its stake in shares of National Bankshares by 38.5% in the 4th quarter. BB&T Securities LLC now owns 9,020 shares of the bank’s stock valued at $328,000 after purchasing an additional 2,507 shares during the period. Rhumbline Advisers lifted its stake in shares of National Bankshares by 41.9% in the 4th quarter. Rhumbline Advisers now owns 9,571 shares of the bank’s stock valued at $349,000 after purchasing an additional 2,824 shares during the period. Finally, Vanguard Group Inc lifted its stake in shares of National Bankshares by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 268,441 shares of the bank’s stock valued at $12,201,000 after purchasing an additional 1,605 shares during the period. 37.96% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on NKSH shares. Sandler O’Neill raised National Bankshares from a “hold” rating to a “buy” rating and set a $42.50 price target on the stock in a research note on Monday, February 4th. They noted that the move was a valuation call. BidaskClub raised National Bankshares from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th.

In other National Bankshares news, Director Jack M. Lewis acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were acquired at an average price of $36.50 per share, with a total value of $109,500.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Norman V. Fitzwater III acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average cost of $41.78 per share, for a total transaction of $41,780.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $208,900. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,499 shares of company stock worth $209,232 in the last ninety days. 3.73% of the stock is currently owned by company insiders.

Shares of National Bankshares stock opened at $41.24 on Tuesday. The firm has a market cap of $267.56 million, a P/E ratio of 17.82 and a beta of 0.46. National Bankshares Inc. has a 12 month low of $33.65 and a 12 month high of $49.75.

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About National Bankshares

National Bankshares, Inc operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking 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 deposits, and individual retirement accounts Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties.

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Institutional Ownership by Quarter for National Bankshares (NASDAQ:NKSH)

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