Insider Buying: National Bankshares, Inc. (NASDAQ:NKSH) Director Buys $27,080.00 in Stock

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

National Bankshares Price Performance

Shares of National Bankshares stock 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. The stock’s 50 day simple moving average is $28.29 and its 200-day simple moving average is $29.35. National Bankshares, Inc. has a 1-year low of $26.00 and a 1-year high of $35.00.

National Bankshares (NASDAQ:NKSH) last issued its earnings results on Thursday, January 23rd. The bank reported $0.48 earnings per share 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%. As a group, research analysts expect that National Bankshares, Inc. will post 2.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NKSH. Tower Research Capital LLC TRC boosted its holdings in shares of National Bankshares by 131.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank’s stock worth $33,000 after purchasing an additional 655 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings 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 acquiring an additional 734 shares during the last quarter. Private Trust Co. NA lifted its holdings 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 acquiring an additional 500 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in National Bankshares in the fourth quarter valued at approximately $211,000. Finally, Wells Fargo & Company MN lifted its holdings 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 acquiring an additional 725 shares during the last quarter. 29.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NKSH shares. Janney Montgomery Scott upgraded National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, November 22nd. StockNews.com upgraded National Bankshares from a “sell” rating to a “hold” rating in a report 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.