LPL Financial LLC boosted its position in National Bankshares, Inc. (NASDAQ:NKSH – Free Report) by 81.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,753 shares of the bank’s stock after purchasing an additional 12,429 shares during the quarter. LPL Financial LLC owned approximately 0.47% of National Bankshares worth $810,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Marotta Asset Management bought a new position in National Bankshares in the second quarter worth $444,000. Carson Advisory Inc. bought a new position in National Bankshares in the first quarter worth $315,000. Brandes Investment Partners LP grew its stake in shares of National Bankshares by 71.6% in the first quarter. Brandes Investment Partners LP now owns 102,472 shares of the bank’s stock worth $3,224,000 after acquiring an additional 42,762 shares during the last quarter. Manchester Capital Management LLC purchased a new stake in shares of National Bankshares in the first quarter worth $409,000. Finally, Captrust Financial Advisors grew its stake in shares of National Bankshares by 139.3% in the second quarter. Captrust Financial Advisors now owns 5,023 shares of the bank’s stock worth $158,000 after acquiring an additional 2,924 shares during the last quarter. Institutional investors own 28.05% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on NKSH. TheStreet cut National Bankshares from a “b-” rating to a “c+” rating in a research note on Wednesday, September 13th. Piper Sandler cut National Bankshares from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $34.00 to $31.00 in a research note on Monday, July 24th. Finally, StockNews.com cut National Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, October 30th.
National Bankshares Stock Up 2.8 %
National Bankshares stock opened at $27.43 on Monday. National Bankshares, Inc. has a one year low of $22.28 and a one year high of $43.78. The business’s fifty day moving average is $24.71 and its 200 day moving average is $27.25.
National Bankshares (NASDAQ:NKSH – Get Free Report) last released its quarterly earnings data on Thursday, October 26th. The bank reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). National Bankshares had a net margin of 29.63% and a return on equity of 16.71%. The business had revenue of $10.76 million for the quarter, compared to analysts’ expectations of $11.33 million. As a group, research analysts anticipate that National Bankshares, Inc. will post 2.43 EPS for the current year.
National Bankshares Increases Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be given a $0.78 dividend. This represents a yield of 6.1%. This is a boost from National Bankshares’s previous Semi-Annual dividend of $0.73. The ex-dividend date of this dividend is Friday, November 17th.
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.
- Five stocks we like better than National Bankshares
- Stock Dividend Cuts Happen Are You Ready?
- S&P 500’s Whirlwind: Big gains, warning whispers & tactical moves
- Options Trading – Understanding Strike Price
- MarketBeat Week in Review – 11/13 – 11/17
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- 3 large caps with red hot RSIs with upside
Receive News & Ratings for National Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.