Insider Buying: National Bankshares, Inc. (NASDAQ:NKSH) Director Acquires $27,000.00 in Stock

National Bankshares, Inc. (NASDAQ:NKSH) Director Lawrence J. Ball bought 1,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $27.00 per share, with a total value of $27,000.00. Following the completion of the purchase, the director now owns 20,688 shares in the company, valued at approximately $558,576. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

National Bankshares Price Performance

NKSH stock opened at $28.27 on Monday. National Bankshares, Inc. has a 1 year low of $22.28 and a 1 year high of $37.00. The company has a market cap of $166.62 million, a P/E ratio of 12.51 and a beta of 0.58. The stock’s fifty day moving average price is $29.58 and its 200-day moving average price is $30.54.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Wednesday, May 15th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.06). National Bankshares had a return on equity of 10.17% and a net margin of 19.00%. The firm had revenue of $10.44 million during the quarter, compared to analysts’ expectations of $10.64 million. As a group, analysts expect that National Bankshares, Inc. will post 1.9 earnings per share for the current year.

National Bankshares Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 28th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a yield of 4.6%. National Bankshares’s dividend payout ratio (DPR) is 64.60%.

Institutional Trading of National Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of National Bankshares by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank’s stock worth $400,000 after acquiring an additional 357 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in National Bankshares by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock worth $683,000 after purchasing an additional 471 shares during the period. Renaissance Technologies LLC lifted its position in National Bankshares by 2.4% during the second quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock valued at $604,000 after purchasing an additional 500 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in National Bankshares by 67.0% during the first quarter. BNP Paribas Financial Markets now owns 2,821 shares of the bank’s stock valued at $94,000 after purchasing an additional 1,132 shares during the period. Finally, Vanguard Group Inc. increased its position in National Bankshares by 0.6% in the first quarter. Vanguard Group Inc. now owns 314,033 shares of the bank’s stock worth $10,492,000 after buying an additional 1,877 shares in the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.

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.