Glenn P. Reynolds Sells 1,000 Shares of National Bankshares, Inc. (NASDAQ:NKSH) Stock

National Bankshares, Inc. (NASDAQ:NKSH) Director Glenn P. Reynolds sold 1,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $44.01, for a total value of $44,010.00. Following the completion of the sale, the director now directly owns 5,144 shares in the company, valued at approximately $226,387.44. The transaction was disclosed in a document filed with the SEC, which is available through this link.

National Bankshares, Inc. (NASDAQ NKSH) traded down $0.50 during trading hours on Monday, reaching $45.80. The company had a trading volume of 14,400 shares, compared to its average volume of 7,663. The stock has a market cap of $318.67, a P/E ratio of 22.13 and a beta of 0.31. National Bankshares, Inc. has a 12-month low of $36.05 and a 12-month high of $47.65.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Friday, October 27th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). National Bankshares had a return on equity of 7.90% and a net margin of 28.45%. The company had revenue of $11.88 million for the quarter.

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were given a dividend of $0.61 per share. This represents a yield of 2.79%. This is a boost from National Bankshares’s previous Semi-Annual dividend of $0.55. The ex-dividend date was Friday, November 17th. National Bankshares’s dividend payout ratio (DPR) is presently 58.94%.

NKSH has been the topic of a number of recent analyst reports. Sandler O’Neill set a $40.00 price objective on National Bankshares and gave the company a “hold” rating in a report on Tuesday, August 29th. TheStreet downgraded National Bankshares from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th.

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in shares of National Bankshares by 2.8% in the 2nd quarter. Wells Fargo & Company MN now owns 4,333 shares of the bank’s stock valued at $177,000 after buying an additional 117 shares during the period. Voya Investment Management LLC acquired a new stake in shares of National Bankshares in the 2nd quarter valued at approximately $225,000. BB&T Securities LLC lifted its holdings in shares of National Bankshares by 8.8% in the 2nd quarter. BB&T Securities LLC now owns 6,150 shares of the bank’s stock valued at $250,000 after buying an additional 500 shares during the period. Alliancebernstein L.P. acquired a new position in National Bankshares during the second quarter worth $298,000. Finally, Dimensional Fund Advisors LP raised its holdings in National Bankshares by 44.5% during the second quarter. Dimensional Fund Advisors LP now owns 11,868 shares of the bank’s stock worth $484,000 after purchasing an additional 3,653 shares during the last quarter. 35.45% of the stock is owned by institutional investors.

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About National Bankshares

National Bankshares, Inc is a financial holding company. The Company conducts its operations through its community bank subsidiary, the National Bank of Blacksburg (NBB or the Bank). NBB offers a range of retail and commercial banking services to individuals, businesses, non-profits and local governments.

Insider Buying and Selling by Quarter for National Bankshares (NASDAQ:NKSH)

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