National Bankshares, Inc. (NASDAQ:NKSH) Short Interest Update

National Bankshares, Inc. (NASDAQ:NKSH) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 74,083 shares, a decline of 20.6% from the December 15th total of 93,308 shares. Based on an average trading volume of 14,414 shares, the days-to-cover ratio is presently 5.1 days. Currently, 1.2% of the shares of the stock are short sold. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 14,414 shares, the days-to-cover ratio is presently 5.1 days.

Wall Street Analysts Forecast Growth

NKSH has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bankshares in a research report on Monday, December 29th. Wall Street Zen upgraded shares of National Bankshares to a “hold” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey bought a new position in shares of National Bankshares during the second quarter valued at approximately $35,000. State of Wyoming bought a new stake in shares of National Bankshares during the 2nd quarter worth approximately $36,000. Tower Research Capital LLC TRC boosted its holdings in National Bankshares by 398.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock valued at $47,000 after acquiring an additional 1,396 shares during the period. BNP Paribas Financial Markets grew its position in National Bankshares by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock valued at $61,000 after acquiring an additional 643 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in National Bankshares by 266.9% in the third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock worth $123,000 after purchasing an additional 3,043 shares during the period. Hedge funds and other institutional investors own 29.73% of the company’s stock.

National Bankshares Stock Performance

NASDAQ:NKSH opened at $34.32 on Friday. The firm has a market capitalization of $218.62 million, a PE ratio of 16.82 and a beta of 0.72. The stock’s fifty day moving average is $31.88 and its 200 day moving average is $30.27. National Bankshares has a fifty-two week low of $23.75 and a fifty-two week high of $35.00.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Thursday, October 23rd. The bank reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. National Bankshares had a net margin of 15.56% and a return on equity of 8.62%. The company had revenue of $14.21 million during the quarter, compared to analyst estimates of $13.87 million. Equities analysts forecast that National Bankshares will post 2.35 EPS for the current year.

National Bankshares Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 24th were issued a dividend of $0.78 per share. This represents a yield of 536.0%. The ex-dividend date was Monday, November 24th. National Bankshares’s dividend payout ratio is presently 76.47%.

National Bankshares Company Profile

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.