National Bankshares, Inc. $NKSH Stock Holdings Lowered by Brandes Investment Partners LP

Brandes Investment Partners LP trimmed its holdings in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 21.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,826 shares of the bank’s stock after selling 49,781 shares during the period. Brandes Investment Partners LP owned about 2.80% of National Bankshares worth $4,837,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of National Bankshares by 7.3% during the 2nd quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock valued at $4,197,000 after acquiring an additional 10,437 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of National Bankshares by 7.6% during the first quarter. Acadian Asset Management LLC now owns 36,623 shares of the bank’s stock worth $974,000 after purchasing an additional 2,592 shares during the period. Partners in Financial Planning lifted its holdings in shares of National Bankshares by 9.8% during the second quarter. Partners in Financial Planning now owns 16,011 shares of the bank’s stock valued at $435,000 after purchasing an additional 1,431 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of National Bankshares by 4.6% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,145 shares of the bank’s stock valued at $249,000 after purchasing an additional 398 shares during the period. Finally, Nuveen LLC purchased a new position in National Bankshares in the 1st quarter worth about $226,000. Institutional investors and hedge funds own 29.73% of the company’s stock.

National Bankshares Trading Down 0.8%

National Bankshares stock opened at $29.27 on Wednesday. National Bankshares, Inc. has a 1-year low of $23.75 and a 1-year high of $32.03. The firm’s fifty day simple moving average is $29.21 and its 200-day simple moving average is $28.72. The company has a market capitalization of $186.33 million, a P/E ratio of 14.35 and a beta of 0.73.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $1.06 earnings per share (EPS) for the quarter. National Bankshares had a net margin of 15.56% and a return on equity of 8.81%. The firm had revenue of $18.81 million during the quarter. On average, equities research analysts predict that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

National Bankshares Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 24th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a dividend yield of 536.0%. National Bankshares’s dividend payout ratio is currently 76.47%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bankshares in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

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.