Rhino Investment Partners Inc Sells 13,311 Shares of National Bankshares, Inc. $NKSH

Key Points

• Rhino Investment Partners Inc reduced its stake in National Bankshares by 10.1%, holding 118,724 shares worth approximately $3.16 million as of the latest SEC filing.
• National Bankshares reported a quarterly earnings miss, with earnings per share of $0.61, falling short of the $0.64 estimate.
• The company's stock has shown a 52-week range between $23.75 and $32.89, and it currently trades at $29.22.

Rhino Investment Partners Inc decreased its stake in National Bankshares, Inc. (NASDAQ:NKSH - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,724 shares of the bank's stock after selling 13,311 shares during the period. Rhino Investment Partners Inc owned 1.87% of National Bankshares worth $3,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in shares of National Bankshares by 5.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,288 shares of the bank's stock valued at $267,000 after buying an additional 447 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of National Bankshares by 23.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,953 shares of the bank's stock valued at $79,000 after buying an additional 556 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of National Bankshares by 131.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank's stock valued at $33,000 after buying an additional 655 shares during the period. Wells Fargo & Company MN increased its stake in shares of National Bankshares by 10.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,635 shares of the bank's stock valued at $219,000 after buying an additional 725 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of National Bankshares by 4.4% in the first 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 during the period. Institutional investors and hedge funds own 29.73% of the company's stock.

National Bankshares Stock Performance

Shares of NKSH stock traded up $0.73 on Tuesday, hitting $31.14. The company had a trading volume of 2,134 shares, compared to its average volume of 12,476. The firm has a market cap of $198.36 million, a P/E ratio of 17.63 and a beta of 0.72. The stock's 50-day moving average is $28.42 and its two-hundred day moving average is $27.20. National Bankshares, Inc. has a twelve month low of $23.75 and a twelve month high of $32.89.

National Bankshares (NASDAQ:NKSH - Get Free Report) last announced its earnings results on Wednesday, August 13th. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.03). National Bankshares had a net margin of 13.58% and a return on equity of 7.69%. The business had revenue of $15.98 million for the quarter. Equities research analysts predict that National Bankshares, Inc. will post 2.35 EPS for the current 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.