National Bankshares, Inc. (NASDAQ:NKSH) Stock Position Lessened by Atria Investments Inc

Atria Investments Inc trimmed its holdings in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 18.1% during the third quarter, Holdings Channel.com reports. The firm owned 8,895 shares of the bank’s stock after selling 1,966 shares during the quarter. Atria Investments Inc’s holdings in National Bankshares were worth $266,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NKSH. Price T Rowe Associates Inc. MD grew its position in National Bankshares by 3.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank’s stock valued at $400,000 after buying an additional 357 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of National Bankshares by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock valued at $683,000 after acquiring an additional 471 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 acquiring an additional 500 shares during the period. BNP Paribas Financial Markets raised 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 worth $94,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Vanguard Group Inc. lifted 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 purchasing an additional 1,877 shares during the period. 29.73% of the stock is currently owned by institutional investors.

National Bankshares Trading Up 4.3 %

Shares of NASDAQ NKSH opened at $32.04 on Friday. National Bankshares, Inc. has a twelve month low of $25.18 and a twelve month high of $37.00. The firm has a 50-day moving average of $30.03 and a two-hundred day moving average of $29.76. The company has a market capitalization of $203.77 million, a price-to-earnings ratio of 21.48 and a beta of 0.56.

National Bankshares Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 25th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, November 25th. This is a positive change from National Bankshares’s previous semi-annual dividend of $0.55. This represents a yield of 5%. National Bankshares’s dividend payout ratio is currently 100.69%.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott upgraded National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday.

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.