Charles E. Green III Buys 1,000 Shares of National Bankshares, Inc. (NASDAQ:NKSH) Stock

National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report) Director Charles E. Green III acquired 1,000 shares of the stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $27.08 per share, with a total value of $27,080.00. Following the completion of the purchase, the director now directly owns 49,144 shares in the company, valued at approximately $1,330,819.52. This trade represents a 2.08 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

National Bankshares Stock Up 0.7 %

NKSH stock traded up $0.18 during trading on Friday, hitting $27.28. 22,516 shares of the company's stock traded hands, compared to its average volume of 12,194. The stock has a market capitalization of $173.53 million, a price-to-earnings ratio of 22.36 and a beta of 0.55. National Bankshares, Inc. has a 52 week low of $26.00 and a 52 week high of $35.00. The stock has a fifty day moving average price of $28.28 and a two-hundred day moving average price of $29.34.

National Bankshares (NASDAQ:NKSH - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. National Bankshares had a net margin of 9.64% and a return on equity of 5.00%. As a group, equities research analysts expect that National Bankshares, Inc. will post 2.35 EPS for the current fiscal year.

Remove Ads

Analysts Set New Price Targets

Several brokerages have recently weighed in on NKSH. 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 on the stock in a research note on Friday, November 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes 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 valued at $267,000 after acquiring an additional 447 shares during the period. Private Trust Co. NA boosted its stake in National Bankshares by 14.3% during the 4th quarter. Private Trust Co. NA now owns 4,000 shares of the bank's stock valued at $115,000 after purchasing an additional 500 shares during the period. Charles Schwab Investment Management Inc. grew its position in National Bankshares by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank's stock worth $486,000 after purchasing an additional 550 shares during the last quarter. State Street Corp increased its stake in shares of National Bankshares by 0.8% in the third 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 period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of National Bankshares by 131.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank's stock valued at $33,000 after buying an additional 655 shares during the last quarter. 29.73% of the stock is currently owned by institutional investors.

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.