Lawrence J. Ball Purchases 1,000 Shares of National Bankshares, Inc. (NASDAQ:NKSH) Stock

National Bankshares, Inc. (NASDAQ:NKSH) Director Lawrence J. Ball acquired 1,000 shares of National Bankshares stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $27.50 per share, with a total value of $27,500.00. Following the completion of the purchase, the director now directly owns 21,906 shares of the company’s stock, valued at $602,415. The trade was a 4.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

National Bankshares Stock Performance

Shares of NKSH stock opened at $28.12 on Friday. National Bankshares, Inc. has a 52-week low of $26.00 and a 52-week high of $35.00. The stock has a market cap of $178.87 million, a price-to-earnings ratio of 23.05 and a beta of 0.60. The firm has a fifty day moving average of $28.60 and a 200-day moving average of $29.56.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. National Bankshares had a net margin of 9.64% and a return on equity of 5.00%. On average, sell-side analysts predict that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

Hedge Funds Weigh In On National Bankshares

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its holdings in shares of National Bankshares by 131.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank’s stock worth $33,000 after purchasing an additional 655 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of National Bankshares by 71.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $53,000 after purchasing an additional 734 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of National Bankshares by 16.7% in the 3rd quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock worth $105,000 after purchasing an additional 500 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of National Bankshares by 10.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,635 shares of the bank’s stock worth $219,000 after purchasing an additional 725 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of National Bankshares in the 4th quarter worth about $223,000. Institutional investors and hedge funds own 29.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Janney Montgomery Scott upgraded shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, November 22nd.

National Bankshares Company 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.