National Bankshares, Inc. (NASDAQ:NKSH) Plans $0.78 Dividend

National Bankshares, Inc. (NASDAQ:NKSH) announced a dividend on Thursday, November 13th. Shareholders of record on Monday, November 24th will be paid a dividend of 0.78 per share by the bank on Monday, December 1st. This represents a yield of 521.0%. The ex-dividend date is Monday, November 24th.

National Bankshares has increased its dividend by an average of 0.0%annually over the last three years. National Bankshares has a payout ratio of 53.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect National Bankshares to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 53.7%.

National Bankshares Stock Down 0.7%

Shares of NASDAQ NKSH traded down $0.21 during trading hours on Friday, reaching $29.84. 8,275 shares of the stock traded hands, compared to its average volume of 11,386. The company has a market capitalization of $189.97 million, a P/E ratio of 14.67 and a beta of 0.78. The company’s 50-day simple moving average is $29.54 and its two-hundred day simple moving average is $28.40. National Bankshares has a 52-week low of $23.75 and a 52-week high of $32.36.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $1.06 earnings per share (EPS) for the quarter. National Bankshares had a net margin of 15.56% and a return on equity of 8.81%. The company had revenue of $18.81 million during the quarter. As a group, sell-side analysts forecast that National Bankshares will post 2.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Bankshares

A number of institutional investors have recently modified their holdings of NKSH. Bank of New York Mellon Corp lifted its holdings in shares of National Bankshares by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 21,423 shares of the bank’s stock worth $570,000 after buying an additional 902 shares during the last quarter. Kingsview Wealth Management LLC grew its position in National Bankshares by 12.7% in the first quarter. Kingsview Wealth Management LLC now owns 8,747 shares of the bank’s stock valued at $233,000 after acquiring an additional 989 shares during the period. PNC Financial Services Group Inc. raised its stake in National Bankshares by 23.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,953 shares of the bank’s stock worth $79,000 after acquiring an additional 556 shares in the last quarter. Nuveen LLC bought a new stake in shares of National Bankshares in the 1st quarter worth about $226,000. Finally, Acadian Asset Management LLC boosted its position in National Bankshares by 7.6% in the first quarter. Acadian Asset Management LLC now owns 36,623 shares of the bank’s stock valued at $974,000 after buying an additional 2,592 shares in the last quarter. Institutional investors and hedge funds own 29.73% of the company’s stock.

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.