D.A. Davidson & CO. Takes Position in National Bankshares, Inc. (NASDAQ:NKSH)

D.A. Davidson & CO. acquired a new position in shares of National Bankshares, Inc. (NASDAQ:NKSH - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,993 shares of the bank's stock, valued at approximately $346,000. D.A. Davidson & CO. owned approximately 0.20% of National Bankshares as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings 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 acquiring an additional 655 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings 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 in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in National Bankshares in the fourth quarter worth $211,000. Private Trust Co. NA boosted its holdings in National Bankshares by 87.5% in the first quarter. Private Trust Co. NA now owns 7,500 shares of the bank's stock worth $200,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in National Bankshares by 10.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,635 shares of the bank's stock worth $219,000 after purchasing an additional 725 shares in the last quarter. 29.73% of the stock is currently owned by hedge funds and other institutional investors.

National Bankshares Price Performance

NASDAQ:NKSH traded down $0.69 during trading hours on Tuesday, reaching $28.68. The company's stock had a trading volume of 10,735 shares, compared to its average volume of 12,408. The company has a market cap of $182.46 million, a price-to-earnings ratio of 21.08 and a beta of 0.66. National Bankshares, Inc. has a one year low of $23.75 and a one year high of $33.37. The business's 50-day moving average is $26.86 and its 200-day moving average is $27.18.

National Bankshares Cuts Dividend

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

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.