Shares of National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.20 and traded as high as $29.36. National Bankshares shares last traded at $29.36, with a volume of 8,326 shares traded.
National Bankshares Trading Down 0.8%
The stock's 50-day simple moving average is $27.36 and its 200-day simple moving average is $27.25. The firm has a market capitalization of $183.17 million, a P/E ratio of 21.18 and a beta of 0.66.
National Bankshares Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 27th were issued a $0.73 dividend. This represents a yield of 5.9%. The ex-dividend date was Tuesday, May 27th. National Bankshares's dividend payout ratio (DPR) is presently 107.35%.
Institutional Trading of National Bankshares
Institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings 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 purchasing an additional 447 shares during the period. PNC Financial Services Group Inc. boosted its stake in 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 acquiring an additional 556 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in National Bankshares by 131.0% in 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 during the last quarter. Wells Fargo & Company MN raised 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 buying an additional 725 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings 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 valued at $570,000 after purchasing an additional 902 shares during the last quarter. Hedge funds and other institutional investors own 29.73% of the company's stock.
National Bankshares Company Profile
(
Get Free Report)
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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