National Bankshares, Inc. Plans Dividend of $0.75 (NASDAQ:NKSH)

National Bankshares, Inc. (NASDAQ:NKSH) declared a dividend on Wednesday, May 13th. Shareholders of record on Tuesday, May 26th will be paid a dividend of 0.75 per share by the bank on Monday, June 1st. This represents a yield of 425.0%. The ex-dividend date of this dividend is Tuesday, May 26th.

National Bankshares has raised its dividend by an average of 0.0%per year over the last three years. National Bankshares has a payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect National Bankshares to earn $3.35 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 46.6%.

National Bankshares Price Performance

NASDAQ NKSH traded up $0.29 during trading on Thursday, reaching $35.47. The company’s stock had a trading volume of 9,776 shares, compared to its average volume of 36,126. The stock has a market capitalization of $225.91 million, a PE ratio of 12.90 and a beta of 0.63. The firm has a fifty day moving average of $36.72 and a 200 day moving average of $34.53. National Bankshares has a one year low of $24.74 and a one year high of $40.00.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Thursday, April 23rd. The bank reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. The business had revenue of $15.30 million for the quarter, compared to analyst estimates of $14.50 million. National Bankshares had a return on equity of 10.53% and a net margin of 20.39%. Research analysts expect that National Bankshares will post 3.25 earnings per share for the current fiscal year.

National Bankshares Company Profile

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.