National Bankshares, Inc. (NASDAQ:NKSH) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE increased its holdings in National Bankshares, Inc. (NASDAQ:NKSH) by 14.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,563 shares of the bank’s stock after buying an additional 1,746 shares during the period. Bank of America Corp DE’s holdings in National Bankshares were worth $389,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in National Bankshares by 131.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank’s stock valued at $33,000 after acquiring an additional 655 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of National Bankshares by 14.3% during the fourth quarter. Private Trust Co. NA now owns 4,000 shares of the bank’s stock valued at $115,000 after acquiring an additional 500 shares during the period. BNP Paribas Financial Markets increased its stake in National Bankshares by 145.1% in the 4th quarter. BNP Paribas Financial Markets now owns 4,306 shares of the bank’s stock valued at $124,000 after buying an additional 2,549 shares during the period. Wells Fargo & Company MN increased its stake in National Bankshares by 10.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,635 shares of the bank’s stock valued at $219,000 after buying an additional 725 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new position in National Bankshares in the 4th quarter valued at approximately $223,000. 29.73% of the stock is owned by institutional investors and hedge funds.

National Bankshares Price Performance

NKSH stock opened at $26.59 on Friday. The company has a market capitalization of $169.19 million, a price-to-earnings ratio of 21.80 and a beta of 0.65. National Bankshares, Inc. has a 12 month low of $23.75 and a 12 month high of $33.37. The firm has a 50 day moving average of $25.85 and a two-hundred day moving average of $27.71.

National Bankshares Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 27th were given a $0.73 dividend. This represents a yield of 5.9%. The ex-dividend date was Tuesday, May 27th. National Bankshares’s dividend payout ratio is 107.35%.

National Bankshares Company Profile

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.