Brandes Investment Partners LP Has $4.87 Million Holdings in National Bankshares, Inc. (NASDAQ:NKSH)

Brandes Investment Partners LP increased its stake in shares of National Bankshares, Inc. (NASDAQ:NKSH - Free Report) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,584 shares of the bank's stock after buying an additional 12,407 shares during the quarter. Brandes Investment Partners LP owned 2.67% of National Bankshares worth $4,869,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Private Trust Co. NA lifted its position in shares of National Bankshares by 14.3% during the 4th quarter. Private Trust Co. NA now owns 4,000 shares of the bank's stock worth $115,000 after buying an additional 500 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of National Bankshares by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank's stock worth $486,000 after buying an additional 550 shares during the period. State Street Corp raised its position in National Bankshares by 0.8% in the 3rd quarter. State Street Corp now owns 79,406 shares of the bank's stock valued at $2,374,000 after purchasing an additional 622 shares during the last quarter. BNP Paribas Financial Markets raised its position in National Bankshares by 71.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank's stock valued at $53,000 after purchasing an additional 734 shares during the last quarter. Finally, Atria Investments Inc raised its position in 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 last quarter. Institutional investors own 29.73% of the company's stock.

Remove Ads

National Bankshares Stock Down 0.1 %

NKSH traded down $0.03 during trading on Thursday, hitting $27.10. The company's stock had a trading volume of 5,308 shares, compared to its average volume of 12,148. The firm's 50 day moving average price is $28.29 and its two-hundred day moving average price is $29.35. National Bankshares, Inc. has a 12 month low of $26.00 and a 12 month high of $35.00. The stock has a market capitalization of $172.38 million, a price-to-earnings ratio of 22.21 and a beta of 0.55.

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

Insider Activity

In other news, Director Charles E. Green III bought 1,000 shares of the stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $27.08 per share, with a total value of $27,080.00. Following the purchase, the director now owns 49,144 shares of the company's stock, valued at approximately $1,330,819.52. This represents a 2.08 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders bought 2,049 shares of company stock valued at $55,982. Company insiders own 2.75% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on NKSH shares. Janney Montgomery Scott upgraded National Bankshares from a "neutral" rating to a "buy" rating and set a $38.00 price objective for the company in a research report on Friday, November 22nd. StockNews.com upgraded National Bankshares from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st.

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.