Charles E. Green III Purchases 1,000 Shares of National Bankshares, Inc. (NASDAQ:NKSH) Stock

National Bankshares, Inc. (NASDAQ:NKSH) Director Charles E. Green III acquired 1,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was purchased at an average price of $27.08 per share, for a total transaction of $27,080.00. Following the acquisition, the director now directly owns 49,144 shares in the company, valued at $1,330,819.52. This represents a 2.08 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

National Bankshares Stock Down 0.1 %

NASDAQ NKSH opened at $27.13 on Wednesday. National Bankshares, Inc. has a 52 week low of $26.00 and a 52 week high of $35.00. The business’s fifty day simple moving average is $28.29 and its 200-day simple moving average is $29.37. The firm has a market cap of $172.57 million, a PE ratio of 22.24 and a beta of 0.55.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. National Bankshares had a return on equity of 5.00% and a net margin of 9.64%. Research analysts expect that National Bankshares, Inc. will post 2.35 EPS for the current year.

Analysts Set New Price Targets

NKSH has been the topic of several analyst reports. StockNews.com upgraded National Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Janney Montgomery Scott upgraded National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Friday, November 22nd.

Institutional Trading of National Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of NKSH. Charles Schwab Investment Management Inc. increased its position in shares of National Bankshares by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank’s stock worth $486,000 after purchasing an additional 550 shares during the last quarter. Private Trust Co. NA increased its position in shares of National Bankshares by 16.7% during the 3rd 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. BNP Paribas Financial Markets increased its position in shares of National Bankshares by 71.7% during the 3rd 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. State Street Corp increased its position in shares of National Bankshares by 0.8% during the 3rd quarter. State Street Corp now owns 79,406 shares of the bank’s stock worth $2,374,000 after purchasing an additional 622 shares during the last quarter. Finally, Barclays PLC increased its position in shares of National Bankshares by 290.4% during the 3rd quarter. Barclays PLC now owns 7,487 shares of the bank’s stock worth $224,000 after purchasing an additional 5,569 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.