National Bankshares, Inc. (NASDAQ:NKSH) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP trimmed its holdings in shares of National Bankshares, Inc. (NASDAQ:NKSH - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,045 shares of the bank's stock after selling 60,215 shares during the period. Brandes Investment Partners LP owned about 2.39% of National Bankshares worth $4,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in National Bankshares during the 3rd quarter worth about $60,000. SG Americas Securities LLC bought a new stake in shares of National Bankshares in the 4th quarter valued at about $103,000. Sheaff Brock Investment Advisors LLC bought a new stake in shares of National Bankshares in the 4th quarter valued at about $209,000. Eagle Ridge Investment Management bought a new stake in shares of National Bankshares in the 4th quarter valued at about $228,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of National Bankshares by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 25,678 shares of the bank's stock valued at $643,000 after buying an additional 551 shares in the last quarter. 29.73% of the stock is currently owned by institutional investors.

National Bankshares Trading Up 2.6 %

Shares of NASDAQ:NKSH traded up $0.79 during trading on Tuesday, reaching $31.11. The stock had a trading volume of 18,385 shares, compared to its average volume of 13,938. National Bankshares, Inc. has a one year low of $22.28 and a one year high of $37.00. The company has a market capitalization of $183.24 million, a P/E ratio of 13.77 and a beta of 0.58. The firm's 50-day simple moving average is $30.76 and its 200 day simple moving average is $30.66.

National Bankshares (NASDAQ:NKSH - Get Free Report) last released its quarterly earnings results on Wednesday, May 15th. The bank reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). National Bankshares had a net margin of 19.00% and a return on equity of 10.17%. The firm had revenue of $10.44 million during the quarter, compared to the consensus estimate of $10.64 million.

National Bankshares Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 28th will be paid a $0.73 dividend. This represents a yield of 4.6%. The ex-dividend date is Friday, May 24th. National Bankshares's dividend payout ratio (DPR) is presently 69.03%.

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.