John Elliott Dooley Purchases 470 Shares of National Bankshares, Inc. (NASDAQ:NKSH) Stock

National Bankshares, Inc. (NASDAQ:NKSHGet Free Report) Director John Elliott Dooley bought 470 shares of National Bankshares stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average cost of $29.43 per share, for a total transaction of $13,832.10. Following the purchase, the director now owns 13,272 shares of the company’s stock, valued at approximately $390,594.96. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

National Bankshares Stock Performance

NASDAQ:NKSH opened at $29.21 on Friday. National Bankshares, Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $37.00. The stock has a market capitalization of $172.05 million, a P/E ratio of 12.92 and a beta of 0.59. The company’s 50-day simple moving average is $29.79 and its 200-day simple moving average is $30.97.

National Bankshares (NASDAQ:NKSHGet Free Report) last released its earnings results on Wednesday, May 15th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). National Bankshares had a return on equity of 10.17% and a net margin of 19.00%. The company had revenue of $10.44 million during the quarter, compared to analyst estimates of $10.64 million. On average, research analysts forecast that National Bankshares, Inc. will post 1.9 EPS for the current year.

National Bankshares Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 28th were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a yield of 4.6%. National Bankshares’s dividend payout ratio is currently 64.60%.

Institutional Investors Weigh In On National Bankshares

A number of institutional investors have recently added to or reduced their stakes in the stock. Brandes Investment Partners LP raised its holdings in National Bankshares by 88.8% in the 3rd quarter. Brandes Investment Partners LP now owns 201,260 shares of the bank’s stock valued at $5,040,000 after buying an additional 94,636 shares during the period. Eagle Ridge Investment Management purchased a new stake in shares of National Bankshares during the fourth quarter worth approximately $228,000. Sheaff Brock Investment Advisors LLC acquired a new position in National Bankshares in the fourth quarter valued at approximately $209,000. rhino investment partners Inc acquired a new position in National Bankshares in the fourth quarter valued at approximately $2,285,000. Finally, SG Americas Securities LLC acquired a new position in National Bankshares in the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 29.73% of the company’s stock.

About National Bankshares

(Get Free Report)

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.

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