BNP Paribas Financial Markets Buys 734 Shares of National Bankshares, Inc. (NASDAQ:NKSH)

BNP Paribas Financial Markets grew its stake in National Bankshares, Inc. (NASDAQ:NKSH) by 71.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,757 shares of the bank’s stock after purchasing an additional 734 shares during the period. BNP Paribas Financial Markets’ holdings in National Bankshares were worth $53,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Brandes Investment Partners LP lifted its position in National Bankshares by 14.4% in the second quarter. Brandes Investment Partners LP now owns 135,937 shares of the bank’s stock worth $3,839,000 after buying an additional 17,149 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of National Bankshares in the second quarter valued at $226,000. Private Trust Co. NA raised its stake in shares of National Bankshares by 16.7% in the third quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock valued at $105,000 after acquiring an additional 500 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of National Bankshares by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock worth $683,000 after acquiring an additional 471 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of National Bankshares by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock worth $604,000 after purchasing an additional 500 shares during the period. 29.73% of the stock is owned by institutional investors.

National Bankshares Trading Up 1.2 %

NASDAQ:NKSH opened at $28.75 on Friday. The company has a market cap of $182.88 million, a price-to-earnings ratio of 19.83 and a beta of 0.59. National Bankshares, Inc. has a twelve month low of $26.50 and a twelve month high of $35.54. The stock has a fifty day simple moving average of $30.66 and a 200-day simple moving average of $29.88.

National Bankshares Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were issued a dividend of $0.78 per share. This is a positive change from National Bankshares’s previous semi-annual dividend of $0.55. The ex-dividend date was Monday, November 25th. This represents a yield of 5%. National Bankshares’s dividend payout ratio (DPR) is presently 107.59%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NKSH. StockNews.com raised shares of National Bankshares from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Janney Montgomery Scott raised National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday, November 22nd.

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.