National Bankshares (NASDAQ:NKSH) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of National Bankshares (NASDAQ:NKSH – Get Rating) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the bank’s stock.

National Bankshares Stock Down 3.1 %

Shares of NASDAQ NKSH opened at $35.21 on Thursday. National Bankshares has a 1-year low of $30.52 and a 1-year high of $43.78. The business’s fifty day moving average price is $40.84 and its two-hundred day moving average price is $38.19.

National Bankshares Increases Dividend

The firm also recently declared a None dividend, which was paid on Friday, February 3rd. Stockholders of record on Monday, January 23rd were issued a dividend of $1.00 per share. This represents a dividend yield of 6.1%. This is a positive change from National Bankshares’s previous None dividend of $0.55. The ex-dividend date was Friday, January 20th.

Insider Activity

In other National Bankshares news, Director Mildred R. Johnson purchased 1,759 shares of the stock in a transaction dated Monday, March 6th. The shares were bought at an average cost of $41.34 per share, with a total value of $72,717.06. Following the completion of the acquisition, the director now owns 2,765 shares of the company’s stock, valued at $114,305.10. The purchase was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have acquired 2,489 shares of company stock valued at $99,954. Company insiders own 2.75% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NKSH. Citigroup Inc. acquired a new position in shares of National Bankshares during the first quarter valued at $33,000. Dimensional Fund Advisors LP grew its holdings in National Bankshares by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 95,080 shares of the bank’s stock worth $3,535,000 after acquiring an additional 6,951 shares during the period. UBS Group AG grew its holdings in National Bankshares by 122.6% during the first quarter. UBS Group AG now owns 730 shares of the bank’s stock worth $27,000 after acquiring an additional 402 shares during the period. Prelude Capital Management LLC acquired a new position in National Bankshares during the first quarter worth about $210,000. Finally, State Street Corp grew its holdings in National Bankshares by 6.7% during the first quarter. State Street Corp now owns 18,575 shares of the bank’s stock worth $691,000 after acquiring an additional 1,174 shares during the period. 23.42% of the stock is owned by institutional investors and hedge funds.

About National Bankshares

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National Bankshares, Inc is a community bank holding company. It offers financial products and services, including deposit accounts, commercial, consumer and mortgage loans, credit cards and trust services throughout Southwest Virginia. National Bankshares was founded in 1986 and is headquartered in Blacksburg, VA.