National Bankshares, Inc. (NASDAQ:NKSH) Stock Position Raised by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,110 shares of the bank’s stock after buying an additional 935 shares during the period. Northern Trust Corp owned 0.76% of National Bankshares worth $1,381,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NKSH. JPMorgan Chase & Co. grew its position in shares of National Bankshares by 295.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,870 shares of the bank’s stock valued at $295,000 after buying an additional 7,373 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of National Bankshares during the 4th quarter valued at about $223,000. Bank of New York Mellon Corp grew its position in shares of National Bankshares by 16.9% during the 4th quarter. Bank of New York Mellon Corp now owns 20,521 shares of the bank’s stock valued at $589,000 after buying an additional 2,966 shares during the last quarter. Private Trust Co. NA grew its position in shares of National Bankshares by 14.3% during the 4th quarter. Private Trust Co. NA now owns 4,000 shares of the bank’s stock valued at $115,000 after buying an additional 500 shares during the last quarter. Finally, Atria Investments Inc boosted its stake in National Bankshares by 13.7% during the 4th quarter. Atria Investments Inc now owns 10,118 shares of the bank’s stock valued at $290,000 after purchasing an additional 1,223 shares during the period. Institutional investors own 29.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st.

Insider Transactions at National Bankshares

In related news, Director Charles E. Green III purchased 1,000 shares of National Bankshares stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $27.08 per share, with a total value of $27,080.00. Following the purchase, the director now owns 49,144 shares in the company, valued at approximately $1,330,819.52. The trade was a 2.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.18% of the company’s stock.

National Bankshares Stock Down 2.2%

National Bankshares stock opened at $25.87 on Wednesday. The firm has a 50-day moving average price of $25.97 and a two-hundred day moving average price of $28.08. The firm has a market capitalization of $164.61 million, a price-to-earnings ratio of 21.20 and a beta of 0.66. National Bankshares, Inc. has a 52-week low of $23.75 and a 52-week high of $33.37.

National Bankshares Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 27th will be paid a $0.73 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, May 27th. National Bankshares’s dividend payout ratio is currently 107.35%.

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.