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

National Bankshares, Inc. (NASDAQ:NKSH) Director Lawrence J. Ball purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $27.50 per share, with a total value of $27,500.00. Following the acquisition, the director now owns 21,906 shares in the company, valued at $602,415. This trade represents a 4.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

National Bankshares Stock Performance

Shares of NKSH traded down $0.07 during trading hours on Friday, reaching $27.73. The stock had a trading volume of 150 shares, compared to its average volume of 10,037. National Bankshares, Inc. has a 12 month low of $26.00 and a 12 month high of $35.00. The company’s 50-day moving average is $28.64 and its two-hundred day moving average is $29.55. The stock has a market capitalization of $176.39 million, a PE ratio of 22.73 and a beta of 0.60.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.48 earnings per share 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%. Equities analysts anticipate that National Bankshares, Inc. will post 2.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Bankshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Partners in Financial Planning bought a new stake in National Bankshares during the fourth quarter valued at about $419,000. Brandes Investment Partners LP raised its stake in shares of National Bankshares by 7.9% during the 4th quarter. Brandes Investment Partners LP now owns 169,584 shares of the bank’s stock worth $4,869,000 after acquiring an additional 12,407 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of National Bankshares by 106.5% during the fourth quarter. JPMorgan Chase & Co. now owns 20,383 shares of the bank’s stock worth $585,000 after purchasing an additional 10,513 shares during the period. Kingsview Wealth Management LLC purchased a new stake in National Bankshares during the fourth quarter worth $223,000. Finally, Rhino Investment Partners Inc raised its holdings in shares of National Bankshares by 5.3% during the fourth quarter. Rhino Investment Partners Inc now owns 132,035 shares of the bank’s stock valued at $3,791,000 after acquiring an additional 6,588 shares during the last quarter. 29.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NKSH has been the topic of a number of research reports. StockNews.com upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Janney Montgomery Scott upgraded shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company 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.