Wealth Enhancement Advisory Services LLC Makes New Investment in National Bankshares, Inc. (NASDAQ:NKSH)

Wealth Enhancement Advisory Services LLC acquired a new position in National Bankshares, Inc. (NASDAQ:NKSH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,338 shares of the bank’s stock, valued at approximately $211,000. Wealth Enhancement Advisory Services LLC owned about 0.12% of National Bankshares at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in National Bankshares by 145.1% in the fourth quarter. BNP Paribas Financial Markets now owns 4,306 shares of the bank’s stock worth $124,000 after purchasing an additional 2,549 shares during the last quarter. Atria Investments Inc lifted its position in shares of 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 buying an additional 1,223 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of National Bankshares by 5.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,288 shares of the bank’s stock valued at $267,000 after buying an additional 447 shares during the last quarter. Bank of America Corp DE lifted its position in shares of National Bankshares by 14.8% during the 4th quarter. Bank of America Corp DE now owns 13,563 shares of the bank’s stock valued at $389,000 after buying an additional 1,746 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of National Bankshares by 131.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank’s stock valued at $33,000 after buying an additional 655 shares during the last quarter. Hedge funds and other institutional investors own 29.73% of the company’s stock.

National Bankshares Price Performance

Shares of NASDAQ NKSH opened at $26.07 on Tuesday. National Bankshares, Inc. has a one year low of $23.75 and a one year high of $33.37. The business’s fifty day moving average price is $25.86 and its 200-day moving average price is $27.57. The stock has a market capitalization of $165.88 million, a PE ratio of 21.37 and a beta of 0.65.

National Bankshares Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 27th were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a dividend yield of 5.9%. National Bankshares’s payout ratio is 107.35%.

National Bankshares 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.