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

D.A. Davidson & CO. bought a new stake in shares of National Bankshares, Inc. (NASDAQ:NKSH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,993 shares of the bank's stock, valued at approximately $346,000. D.A. Davidson & CO. owned 0.20% of National Bankshares as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of NKSH. Tower Research Capital LLC TRC lifted its stake in shares of National Bankshares by 131.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank's stock worth $33,000 after purchasing an additional 655 shares during the period. BNP Paribas Financial Markets increased its holdings in National Bankshares by 145.1% in the 4th quarter. BNP Paribas Financial Markets now owns 4,306 shares of the bank's stock worth $124,000 after acquiring an additional 2,549 shares in the last quarter. Private Trust Co. NA increased its holdings in National Bankshares by 87.5% in the 1st quarter. Private Trust Co. NA now owns 7,500 shares of the bank's stock worth $200,000 after acquiring an additional 3,500 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in National Bankshares in the 4th quarter worth approximately $211,000. Finally, Wells Fargo & Company MN increased its holdings in National Bankshares by 10.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,635 shares of the bank's stock worth $219,000 after acquiring an additional 725 shares in the last quarter. Institutional investors own 29.73% of the company's stock.

National Bankshares Trading Down 0.9%

National Bankshares stock opened at $29.42 on Friday. The firm has a 50 day moving average of $26.86 and a 200 day moving average of $27.21. The firm has a market capitalization of $187.11 million, a price-to-earnings ratio of 21.63 and a beta of 0.66. National Bankshares, Inc. has a 12-month low of $23.75 and a 12-month high of $33.37.

National Bankshares Cuts Dividend

The business also recently announced 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 was Tuesday, May 27th. This represents a 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.

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