National Bankshares, Inc. (NASDAQ:NKSH) Director Charles E. Green III Acquires 1,000 Shares of Stock

National Bankshares, Inc. (NASDAQ:NKSH) Director Charles E. Green III acquired 1,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $27.08 per share, for a total transaction of $27,080.00. Following the completion of the transaction, the director now owns 49,144 shares in the company, valued at approximately $1,330,819.52. This represents a 2.08 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

National Bankshares Stock Performance

NKSH stock opened at $27.15 on Tuesday. The firm has a 50 day moving average price of $28.30 and a 200-day moving average price of $29.39. National Bankshares, Inc. has a 52-week low of $26.00 and a 52-week high of $35.00. The firm has a market capitalization of $172.70 million, a price-to-earnings ratio of 22.25 and a beta of 0.55.

National Bankshares (NASDAQ:NKSH) last released 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 net margin of 9.64% and a return on equity of 5.00%. As a group, sell-side analysts forecast that National Bankshares, Inc. will post 2.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on NKSH. Janney Montgomery Scott raised 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. StockNews.com raised National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st.

Hedge Funds Weigh In On National Bankshares

A number of hedge funds have recently added to or reduced their stakes in NKSH. Partners in Financial Planning purchased a new position in National Bankshares in the 4th quarter worth approximately $419,000. Brandes Investment Partners LP raised its stake in National Bankshares by 7.9% during the 4th quarter. Brandes Investment Partners LP now owns 169,584 shares of the bank’s stock valued at $4,869,000 after buying an additional 12,407 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of National Bankshares by 106.5% during the 4th quarter. JPMorgan Chase & Co. now owns 20,383 shares of the bank’s stock valued at $585,000 after buying an additional 10,513 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of National Bankshares in the 4th quarter worth $223,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of National Bankshares in the fourth quarter worth $211,000. 29.73% of the stock is currently owned by hedge funds and other institutional investors.

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.