National Bankshares, Inc. (NASDAQ:NKSH) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in National Bankshares, Inc. (NASDAQ:NKSH) by 4.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 138,246 shares of the bank’s stock after purchasing an additional 5,975 shares during the quarter. Geode Capital Management LLC’s holdings in National Bankshares were worth $4,134,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake 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 buying an additional 471 shares in the last quarter. Renaissance Technologies LLC increased its position 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 worth $604,000 after acquiring an additional 500 shares during the last quarter. Brandes Investment Partners LP boosted its stake in National Bankshares by 14.4% during the 2nd quarter. Brandes Investment Partners LP now owns 135,937 shares of the bank’s stock valued at $3,839,000 after acquiring an additional 17,149 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in National Bankshares in the second quarter valued at about $226,000. Finally, Eagle Ridge Investment Management acquired a new position in shares of National Bankshares in the 3rd quarter worth approximately $211,000. 29.73% of the stock is currently owned by hedge funds and other institutional investors.

National Bankshares Trading Down 0.2 %

NKSH stock opened at $27.89 on Monday. National Bankshares, Inc. has a 52 week low of $26.50 and a 52 week high of $35.00. The company has a market capitalization of $177.41 million, a price-to-earnings ratio of 19.23 and a beta of 0.61. The firm’s 50-day moving average is $30.44 and its two-hundred day moving average is $29.84.

National Bankshares Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were issued a $0.78 dividend. This is a positive change from National Bankshares’s previous semi-annual dividend of $0.55. The ex-dividend date of this dividend was Monday, November 25th. This represents a dividend yield of 5%. National Bankshares’s dividend payout ratio is 107.59%.

Wall Street Analyst Weigh In

NKSH has been the subject of a number of research reports. StockNews.com downgraded shares of National Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Janney Montgomery Scott raised shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, November 22nd.

National Bankshares Company Profile

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.