National Bankshares, Inc. (NASDAQ:NKSH) Director Mary G. Miller Acquires 500 Shares

National Bankshares, Inc. (NASDAQ:NKSH) Director Mary G. Miller bought 500 shares of the stock in a transaction that occurred on Tuesday, September 14th. The stock was acquired at an average price of $36.50 per share, for a total transaction of $18,250.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $219,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NKSH traded down $0.44 during trading hours on Wednesday, hitting $36.25. The company’s stock had a trading volume of 9,580 shares, compared to its average volume of 23,312. National Bankshares, Inc. has a fifty-two week low of $23.60 and a fifty-two week high of $39.99. The firm has a market capitalization of $223.66 million, a PE ratio of 14.90 and a beta of 0.57. The company has a 50-day simple moving average of $36.60 and a 200 day simple moving average of $35.90.

National Bankshares (NASDAQ:NKSH) last posted its earnings results on Friday, August 13th. The bank reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. National Bankshares had a return on equity of 9.45% and a net margin of 35.58%. The firm had revenue of $12.00 million for the quarter, compared to analysts’ expectations of $12.20 million. Equities analysts expect that National Bankshares, Inc. will post 2.94 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Marshall Wace LLP acquired a new position in shares of National Bankshares during the 1st quarter valued at $28,000. BNP Paribas Arbitrage SA increased its position in shares of National Bankshares by 66.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,994 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,197 shares during the period. Morgan Stanley increased its position in shares of National Bankshares by 849.2% during the 2nd quarter. Morgan Stanley now owns 4,537 shares of the bank’s stock valued at $159,000 after purchasing an additional 4,059 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of National Bankshares during the 2nd quarter valued at $164,000. Finally, Barclays PLC increased its position in shares of National Bankshares by 159.1% during the 1st quarter. Barclays PLC now owns 5,345 shares of the bank’s stock valued at $190,000 after purchasing an additional 3,282 shares during the period. Institutional investors own 24.14% of the company’s stock.

Separately, Zacks Investment Research cut National Bankshares from a “buy” rating to a “hold” rating in a research report on Thursday, August 19th.

National Bankshares Company Profile

National Bankshares, Inc is a community bank holding company. It offers financial products and services, including deposit accounts, commercial, consumer and mortgage loans, credit cards and trust services throughout Southwest Virginia. National Bankshares was founded in 1986 and is headquartered in Blacksburg, VA.

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