National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.
National Bankshares Trading Up 2.9%
The firm has a market cap of $189.40 million, a PE ratio of 21.90 and a beta of 0.66. The business has a fifty day moving average price of $26.48 and a 200 day moving average price of $27.20.
National Bankshares Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 27th were issued a $0.73 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a dividend yield of 5.9%. National Bankshares's payout ratio is currently 107.35%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in NKSH. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of National Bankshares in the 4th quarter valued at about $211,000. Bank of America Corp DE boosted its position in shares of National Bankshares by 14.8% in the 4th quarter. Bank of America Corp DE now owns 13,563 shares of the bank's stock valued at $389,000 after purchasing an additional 1,746 shares during the period. BNP Paribas Financial Markets boosted its position in shares of National Bankshares by 145.1% in the 4th quarter. BNP Paribas Financial Markets now owns 4,306 shares of the bank's stock valued at $124,000 after purchasing an additional 2,549 shares during the period. Atria Investments Inc boosted its position in shares of National Bankshares by 13.7% in the 4th quarter. Atria Investments Inc now owns 10,118 shares of the bank's stock valued at $290,000 after purchasing an additional 1,223 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of National Bankshares by 5.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,288 shares of the bank's stock valued at $267,000 after purchasing an additional 447 shares during the period. 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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