Wells Fargo & Company MN Acquires 725 Shares of National Bankshares, Inc. (NASDAQ:NKSH)

Wells Fargo & Company MN raised its holdings in National Bankshares, Inc. (NASDAQ:NKSH) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,635 shares of the bank’s stock after purchasing an additional 725 shares during the period. Wells Fargo & Company MN owned approximately 0.12% of National Bankshares worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA grew its position in National Bankshares by 14.3% during the fourth quarter. Private Trust Co. NA now owns 4,000 shares of the bank’s stock worth $115,000 after buying an additional 500 shares in the last quarter. Barclays PLC raised its stake in National Bankshares by 290.4% in the third quarter. Barclays PLC now owns 7,487 shares of the bank’s stock valued at $224,000 after purchasing an additional 5,569 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in National Bankshares during the fourth quarter worth about $223,000. JPMorgan Chase & Co. grew its stake in National Bankshares by 295.3% during the third quarter. JPMorgan Chase & Co. now owns 9,870 shares of the bank’s stock worth $295,000 after buying an additional 7,373 shares in the last quarter. Finally, Atria Investments Inc grew its stake in National Bankshares by 13.7% during the fourth quarter. Atria Investments Inc now owns 10,118 shares of the bank’s stock worth $290,000 after buying an additional 1,223 shares in the last quarter. Institutional investors and hedge funds own 29.73% of the company’s stock.

Insider Buying and Selling at National Bankshares

In other news, Director Lawrence J. Ball acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $27.50 per share, with a total value of $27,500.00. Following the acquisition, the director now directly owns 21,906 shares in the company, valued at $602,415. The trade was a 4.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased 2,049 shares of company stock worth $55,982 over the last quarter. Corporate insiders own 3.18% of the company’s stock.

National Bankshares Stock Down 0.1 %

NASDAQ:NKSH opened at $26.17 on Friday. National Bankshares, Inc. has a twelve month low of $23.75 and a twelve month high of $33.37. The stock’s 50-day simple moving average is $26.16 and its 200 day simple moving average is $28.41. The firm has a market capitalization of $166.52 million, a PE ratio of 21.45 and a beta of 0.66.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st.

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.