7,493 Shares in National Bankshares, Inc. $NKSH Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in shares of National Bankshares, Inc. (NASDAQ:NKSH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,493 shares of the bank’s stock, valued at approximately $224,000. Wealth Enhancement Advisory Services LLC owned approximately 0.12% of National Bankshares at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NKSH. Bank of America Corp DE grew its position in shares of National Bankshares by 14.8% during the fourth quarter. Bank of America Corp DE now owns 13,563 shares of the bank’s stock worth $389,000 after purchasing an additional 1,746 shares in the last quarter. Private Trust Co. NA grew its holdings in National Bankshares by 87.5% during the 1st quarter. Private Trust Co. NA now owns 7,500 shares of the bank’s stock valued at $200,000 after buying an additional 3,500 shares in the last quarter. D.A. Davidson & CO. purchased a new position in National Bankshares during the 1st quarter valued at approximately $346,000. Bank of New York Mellon Corp grew its holdings in National Bankshares by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 21,423 shares of the bank’s stock valued at $570,000 after buying an additional 902 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in National Bankshares by 12.7% during the 1st quarter. Kingsview Wealth Management LLC now owns 8,747 shares of the bank’s stock valued at $233,000 after buying an additional 989 shares in the last quarter. Hedge funds and other institutional investors own 29.73% of the company’s stock.

National Bankshares Stock Down 3.4%

Shares of NASDAQ NKSH opened at $27.66 on Friday. The business has a fifty day simple moving average of $29.77 and a two-hundred day simple moving average of $27.79. The firm has a market cap of $176.19 million, a PE ratio of 15.63 and a beta of 0.75. National Bankshares, Inc. has a twelve month low of $23.75 and a twelve month high of $32.89.

National Bankshares (NASDAQ:NKSH) last issued its earnings results on Thursday, January 25th. The bank reported $1.06 earnings per share for the quarter. The business had revenue of $18.81 million during the quarter. National Bankshares had a return on equity of 7.69% and a net margin of 13.58%. On average, research analysts expect that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of National Bankshares in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

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.