Insider Buying: National Bankshares, Inc. (NASDAQ:NKSH) Director Purchases 1,000 Shares of Stock

National Bankshares, Inc. (NASDAQ:NKSH) Director Charles E. Green III bought 1,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $27.08 per share, with a total value of $27,080.00. Following the completion of the transaction, the director now owns 49,144 shares in the company, valued at $1,330,819.52. This represents a 2.08 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

National Bankshares Stock Performance

Shares of National Bankshares stock opened at $27.13 on Wednesday. National Bankshares, Inc. has a one year low of $26.00 and a one year high of $35.00. The company has a market cap of $172.57 million, a PE ratio of 22.24 and a beta of 0.55. The business has a 50-day simple moving average of $28.29 and a 200-day simple moving average of $29.37.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates 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 predict that National Bankshares, Inc. will post 2.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On National Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in NKSH. Tower Research Capital LLC TRC grew its position 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 worth $33,000 after buying an additional 655 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in National Bankshares by 71.7% during the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $53,000 after purchasing an additional 734 shares during the last quarter. Private Trust Co. NA lifted its stake in National Bankshares by 16.7% during the third quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock worth $105,000 after purchasing an additional 500 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in National Bankshares during the fourth quarter worth approximately $211,000. Finally, Wells Fargo & Company MN lifted its stake in National Bankshares by 10.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,635 shares of the bank’s stock worth $219,000 after purchasing an additional 725 shares during the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

About National Bankshares

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.