National Bankshares, Inc. (NASDAQ:NKSH) Director Buys $27,500.00 in Stock

National Bankshares, Inc. (NASDAQ:NKSH) Director Lawrence J. Ball bought 1,000 shares of National Bankshares stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $27.50 per share, for a total transaction of $27,500.00. Following the acquisition, the director now owns 21,906 shares in the company, valued at approximately $602,415. This represents a 4.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

National Bankshares Stock Down 0.3 %

Shares of NASDAQ NKSH traded down $0.07 on Friday, reaching $27.73. 150 shares of the company’s stock traded hands, compared to its average volume of 10,037. The company has a market cap of $176.39 million, a price-to-earnings ratio of 22.73 and a beta of 0.60. National Bankshares, Inc. has a 12 month low of $26.00 and a 12 month high of $35.00. The business’s 50 day simple moving average is $28.64 and its two-hundred day simple moving average is $29.55.

National Bankshares (NASDAQ:NKSH) last issued its earnings results on Thursday, January 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. National Bankshares had a return on equity of 5.00% and a net margin of 9.64%. Analysts forecast that National Bankshares, Inc. will post 2.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in National Bankshares by 71.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $53,000 after buying an additional 734 shares during the last quarter. State Street Corp raised its position in shares of National Bankshares by 0.8% during the 3rd quarter. State Street Corp now owns 79,406 shares of the bank’s stock worth $2,374,000 after acquiring an additional 622 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of National Bankshares by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank’s stock worth $486,000 after acquiring an additional 550 shares during the last quarter. Barclays PLC lifted its holdings in shares of National Bankshares by 290.4% during the third quarter. Barclays PLC now owns 7,487 shares of the bank’s stock worth $224,000 after purchasing an additional 5,569 shares during the period. Finally, Geode Capital Management LLC increased its stake in National Bankshares by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 138,246 shares of the bank’s stock valued at $4,134,000 after purchasing an additional 5,975 shares in the last quarter. 29.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com upgraded National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Janney Montgomery Scott upgraded National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Friday, November 22nd.

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.