Nuveen LLC Invests $226,000 in National Bankshares, Inc. $NKSH

Key Points

• Nuveen LLC has acquired a new position in National Bankshares, Inc. by purchasing 8,474 shares valued at approximately $226,000, representing about 0.13% ownership.
• Several other institutional investors, including Price T Rowe Associates and PNC Financial Services, have also increased their stakes in National Bankshares, which is currently held 29.73% by institutional investors.
• National Bankshares reported $0.61 earnings per share in its recent quarterly announcement, falling short of analysts' expectations of $0.64 EPS, and had a revenue of $15.98 million.

Nuveen LLC acquired a new position in shares of National Bankshares, Inc. (NASDAQ:NKSH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,474 shares of the bank's stock, valued at approximately $226,000. Nuveen LLC owned approximately 0.13% of National Bankshares as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in shares of National Bankshares by 5.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,288 shares of the bank's stock worth $267,000 after buying an additional 447 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of National Bankshares by 23.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,953 shares of the bank's stock worth $79,000 after buying an additional 556 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of National Bankshares by 131.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank's stock worth $33,000 after buying an additional 655 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of National Bankshares by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 21,423 shares of the bank's stock worth $570,000 after buying an additional 902 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of National Bankshares by 2.0% during the fourth quarter. Northern Trust Corp now owns 48,110 shares of the bank's stock worth $1,381,000 after buying an additional 935 shares in the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

National Bankshares Stock Up 0.4%

Shares of NKSH opened at $31.16 on Friday. The stock has a 50 day moving average price of $29.28 and a 200 day moving average price of $27.36. The company has a market capitalization of $198.49 million, a price-to-earnings ratio of 17.60 and a beta of 0.75. National Bankshares, Inc. has a 52-week low of $23.75 and a 52-week high of $32.89.

National Bankshares (NASDAQ:NKSH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.03). The business had revenue of $15.98 million during the quarter. National Bankshares had a net margin of 13.58% and a return on equity of 7.69%. On average, equities analysts anticipate that National Bankshares, Inc. will post 2.35 EPS for the current fiscal year.

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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