Moors & Cabot Inc. acquired a new position in shares of National Bankshares Inc. (NASDAQ:NKSH) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,000 shares of the bank’s stock, valued at approximately $214,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc increased its position in National Bankshares by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 268,441 shares of the bank’s stock worth $12,201,000 after purchasing an additional 1,605 shares in the last quarter. BB&T Securities LLC boosted its stake in National Bankshares by 38.5% in the 4th quarter. BB&T Securities LLC now owns 9,020 shares of the bank’s stock worth $328,000 after buying an additional 2,507 shares during the last quarter. BlackRock Inc. boosted its stake in National Bankshares by 1.3% in the 4th quarter. BlackRock Inc. now owns 479,979 shares of the bank’s stock worth $17,485,000 after buying an additional 6,221 shares during the last quarter. Vanguard Group Inc. boosted its stake in National Bankshares by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 268,441 shares of the bank’s stock worth $12,201,000 after buying an additional 1,605 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its stake in National Bankshares by 60.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 5,599 shares of the bank’s stock worth $254,000 after buying an additional 2,112 shares during the last quarter. Hedge funds and other institutional investors own 30.24% of the company’s stock.

A number of analysts have issued reports on NKSH shares. BidaskClub raised National Bankshares from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Sandler O’Neill raised National Bankshares from a “hold” rating to a “buy” rating and set a $42.50 price target on the stock in a research note on Monday, February 4th. They noted that the move was a valuation call.

In other National Bankshares news, Director Lawrence J. Ball purchased 1,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were purchased at an average cost of $40.00 per share, with a total value of $40,000.00. Following the purchase, the director now owns 6,000 shares in the company, valued at $240,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders acquired 2,500 shares of company stock worth $101,280. 3.73% of the stock is owned by corporate insiders.

Shares of NASDAQ:NKSH opened at $39.30 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.01. National Bankshares Inc. has a 12-month low of $33.65 and a 12-month high of $49.75. The stock has a market capitalization of $255.69 million, a price-to-earnings ratio of 16.28 and a beta of 0.44.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. National Bankshares had a return on equity of 9.28% and a net margin of 33.22%.

The firm also recently declared a semiannual dividend, which will be paid on Monday, June 3rd. Shareholders of record on Tuesday, May 28th will be paid a $0.67 dividend. This represents a yield of 3.25%. This is a positive change from National Bankshares’s previous semiannual dividend of $0.63. The ex-dividend date is Friday, May 24th.

TRADEMARK VIOLATION WARNING: “5,000 Shares in National Bankshares Inc. (NKSH) Purchased by Moors & Cabot Inc.” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.watchlistnews.com/5000-shares-in-national-bankshares-inc-nksh-purchased-by-moors-cabot-inc/3021873.html.

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 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, and individual retirement accounts.

Featured Story: What are Bollinger Bands?

Want to see what other hedge funds are holding NKSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Bankshares Inc. (NASDAQ:NKSH).

Institutional Ownership by Quarter for National Bankshares (NASDAQ:NKSH)

Receive News & Ratings for National Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.