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

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

National Bankshares Stock Performance

Shares of NASDAQ NKSH opened at $27.13 on Thursday. The stock has a market cap of $172.57 million, a P/E ratio of 22.24 and a beta of 0.55. National Bankshares, Inc. has a 12-month low of $26.00 and a 12-month high of $35.00. The business’s fifty day simple moving average is $28.29 and its 200-day simple moving average is $29.35.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. National Bankshares had a return on equity of 5.00% and a net margin of 9.64%. On average, equities analysts forecast that National Bankshares, Inc. will post 2.35 EPS for the current fiscal year.

Institutional Trading of National Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of NKSH. Tower Research Capital LLC TRC raised its stake in National Bankshares by 131.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank’s stock valued at $33,000 after buying an additional 655 shares in the last quarter. BNP Paribas Financial Markets raised its stake in National Bankshares by 71.7% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $53,000 after buying an additional 734 shares in the last quarter. Private Trust Co. NA raised its stake in National Bankshares by 16.7% in the third quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock valued at $105,000 after buying an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in National Bankshares in the fourth quarter valued at $211,000. Finally, Wells Fargo & Company MN raised its stake in National Bankshares by 10.5% in the fourth 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 in the last quarter. 29.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on NKSH shares. 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 research note on Friday, November 22nd. StockNews.com upgraded National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st.

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.