National Bankshares, Inc. (NASDAQ:NKSH) Announces $0.72 Semi-Annual Dividend

National Bankshares, Inc. (NASDAQ:NKSHGet Rating) announced a Semi-Annual dividend on Wednesday, May 11th, Zacks reports. Investors of record on Monday, May 23rd will be given a dividend of 0.72 per share by the bank on Wednesday, June 1st. The ex-dividend date is Friday, May 20th.

National Bankshares has raised its dividend by an average of 6.0% per year over the last three years. National Bankshares has a payout ratio of 43.3% meaning its dividend is sufficiently covered by earnings. Analysts expect National Bankshares to earn $3.42 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 43.3%.

NASDAQ NKSH opened at $33.45 on Friday. National Bankshares has a twelve month low of $31.42 and a twelve month high of $39.19. The stock has a fifty day simple moving average of $35.63 and a 200 day simple moving average of $36.38.

A number of institutional investors have recently modified their holdings of NKSH. Susquehanna International Group LLP grew its holdings in National Bankshares by 50.6% during the 4th quarter. Susquehanna International Group LLP now owns 24,658 shares of the bank’s stock worth $894,000 after acquiring an additional 8,281 shares during the period. Morgan Stanley grew its holdings in National Bankshares by 849.2% during the 2nd quarter. Morgan Stanley now owns 4,537 shares of the bank’s stock worth $159,000 after acquiring an additional 4,059 shares during the period. Bank of America Corp DE grew its holdings in National Bankshares by 64.7% during the 4th quarter. Bank of America Corp DE now owns 8,396 shares of the bank’s stock worth $301,000 after acquiring an additional 3,297 shares during the period. BlackRock Inc. grew its holdings in National Bankshares by 0.8% during the 4th quarter. BlackRock Inc. now owns 126,709 shares of the bank’s stock worth $4,540,000 after acquiring an additional 981 shares during the period. Finally, Citigroup Inc. acquired a new stake in National Bankshares during the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 25.03% of the company’s stock.

Separately, StockNews.com initiated coverage on National Bankshares in a report on Thursday, March 31st. They issued a “hold” rating for the company.

National Bankshares Company Profile (Get Rating)

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.

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Dividend History for National Bankshares (NASDAQ:NKSH)

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