National Bankshares, Inc. (NASDAQ:NKSH) Director Buys $35,450.00 in Stock

National Bankshares, Inc. (NASDAQ:NKSH) Director Charles E. Green III purchased 1,000 shares of the business’s stock in a transaction dated Thursday, June 10th. The shares were purchased at an average cost of $35.45 per share, with a total value of $35,450.00. Following the purchase, the director now directly owns 45,238 shares in the company, valued at $1,603,687.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NASDAQ:NKSH opened at $35.55 on Friday. The firm has a market cap of $220.59 million, a P/E ratio of 14.29 and a beta of 0.56. National Bankshares, Inc. has a 52-week low of $23.37 and a 52-week high of $39.99. The stock’s fifty day moving average price is $35.34.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings results on Wednesday, April 21st. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.12. National Bankshares had a return on equity of 8.56% and a net margin of 32.65%. As a group, equities analysts expect that National Bankshares, Inc. will post 2.85 earnings per share for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, June 1st. Investors of record on Monday, May 24th were paid a $0.70 dividend. This represents a yield of 3.9%. The ex-dividend date was Friday, May 21st.

Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new position in National Bankshares in the 1st quarter valued at about $28,000. Citigroup Inc. raised its stake in National Bankshares by 308.4% in the 4th quarter. Citigroup Inc. now owns 1,258 shares of the bank’s stock valued at $39,000 after purchasing an additional 950 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in National Bankshares by 66.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,994 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,197 shares during the last quarter. Captrust Financial Advisors raised its stake in National Bankshares by 292.4% in the 4th quarter. Captrust Financial Advisors now owns 3,924 shares of the bank’s stock valued at $123,000 after purchasing an additional 2,924 shares during the last quarter. Finally, Barclays PLC raised its stake in National Bankshares by 159.1% in the 1st quarter. Barclays PLC now owns 5,345 shares of the bank’s stock valued at $190,000 after purchasing an additional 3,282 shares during the last quarter. 29.64% of the stock is owned by hedge funds and other institutional investors.

Separately, TheStreet raised National Bankshares from a “c+” rating to a “b” rating in a research note on Monday, March 8th.

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, and individual retirement accounts.

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