National Bankshares (NASDAQ:NKSH) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of National Bankshares (NASDAQ:NKSH – Get Rating) in a research note released on Thursday. The firm issued a hold rating on the bank’s stock.

National Bankshares Trading Down 3.1 %

National Bankshares stock opened at $35.21 on Thursday. The stock has a 50 day moving average of $40.84 and a 200-day moving average of $38.19. National Bankshares has a 52 week low of $30.52 and a 52 week high of $43.78.

National Bankshares Increases Dividend

The firm also recently announced a None dividend, which was paid on Friday, February 3rd. Stockholders of record on Monday, January 23rd were paid a dividend of $1.00 per share. This is a boost from National Bankshares’s previous None dividend of $0.55. This represents a dividend yield of 6.1%. The ex-dividend date was Friday, January 20th.

Insider Activity

In other National Bankshares news, Director Mildred R. Johnson bought 1,759 shares of National Bankshares stock in a transaction dated Monday, March 6th. The stock was bought at an average cost of $41.34 per share, for a total transaction of $72,717.06. Following the purchase, the director now owns 2,765 shares in the company, valued at approximately $114,305.10. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders acquired 2,489 shares of company stock worth $99,954. 2.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On National Bankshares

Large investors have recently added to or reduced their stakes in the company. Truist Financial Corp bought a new position in National Bankshares during the third quarter worth $201,000. Private Trust Co. NA bought a new position in National Bankshares during the second quarter worth $94,000. Cerity Partners LLC bought a new position in National Bankshares during the second quarter worth $779,000. Captrust Financial Advisors lifted its stake in National Bankshares by 139.3% during the second quarter. Captrust Financial Advisors now owns 5,023 shares of the bank’s stock worth $158,000 after purchasing an additional 2,924 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in National Bankshares by 94.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,301 shares of the bank’s stock worth $133,000 after purchasing an additional 1,601 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors.

About National Bankshares

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National Bankshares, Inc is a community bank holding company. It offers financial products and services, including deposit accounts, commercial, consumer and mortgage loans, credit cards and trust services throughout Southwest Virginia. National Bankshares was founded in 1986 and is headquartered in Blacksburg, VA.