National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $27.22 and traded as high as $29.90. National Bankshares shares last traded at $29.78, with a volume of 8,444 shares trading hands.
National Bankshares Stock Down 3.0%
The company has a market cap of $184.12 million, a P/E ratio of 21.29 and a beta of 0.66. The stock's 50-day moving average price is $26.48 and its 200 day moving average price is $27.18.
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 given a dividend of $0.73 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend was Tuesday, May 27th. National Bankshares's dividend payout ratio (DPR) is currently 107.35%.
Hedge Funds Weigh In On National Bankshares
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its position in National Bankshares by 7.6% during the first quarter. Acadian Asset Management LLC now owns 36,623 shares of the bank's stock worth $974,000 after acquiring an additional 2,592 shares during the period. Nuveen LLC acquired a new stake in National Bankshares during the first quarter worth $226,000. 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 buying an additional 556 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in National Bankshares by 12.7% during the first quarter. Kingsview Wealth Management LLC now owns 8,747 shares of the bank's stock worth $233,000 after buying an additional 989 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in 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. 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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