National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 61,600 shares, a decrease of 19.9% from the November 30th total of 76,900 shares. Based on an average daily volume of 12,600 shares, the short-interest ratio is currently 4.9 days. Currently, 1.0% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Brandes Investment Partners LP boosted its position in shares of National Bankshares by 14.4% during the 2nd quarter. Brandes Investment Partners LP now owns 135,937 shares of the bank's stock valued at $3,839,000 after acquiring an additional 17,149 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in National Bankshares during the second quarter worth about $226,000. JPMorgan Chase & Co. boosted its holdings in National Bankshares by 295.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,870 shares of the bank's stock valued at $295,000 after purchasing an additional 7,373 shares during the last quarter. Eagle Ridge Investment Management acquired a new position in National Bankshares in the 3rd quarter valued at about $211,000. Finally, Geode Capital Management LLC grew its stake in shares of National Bankshares by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 138,246 shares of the bank's stock valued at $4,134,000 after buying an additional 5,975 shares during the period. 29.73% of the stock is owned by hedge funds and other institutional investors.
National Bankshares Stock Performance
Shares of NASDAQ NKSH traded down $0.84 during mid-day trading on Friday, reaching $28.42. The company's stock had a trading volume of 9,505 shares, compared to its average volume of 13,545. The stock has a 50-day moving average of $30.56 and a two-hundred day moving average of $29.88. The stock has a market capitalization of $180.78 million, a P/E ratio of 19.60 and a beta of 0.59. National Bankshares has a 1-year low of $26.50 and a 1-year high of $35.00.
National Bankshares Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were issued a $0.78 dividend. This is an increase from National Bankshares's previous semi-annual dividend of $0.55. The ex-dividend date was Monday, November 25th. This represents a yield of 5%. National Bankshares's dividend payout ratio is presently 107.59%.
Analyst Upgrades and Downgrades
NKSH has been the topic of several research analyst reports. StockNews.com cut National Bankshares from a "hold" rating to a "sell" rating in a report on Tuesday, December 24th. Janney Montgomery Scott raised National Bankshares from a "neutral" rating to a "buy" rating and set a $38.00 price target on the stock in a research note on Friday, November 22nd.
View Our Latest Stock Analysis on NKSH
About National Bankshares
(
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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