National Bankshares, Inc. (NASDAQ:NKSH) to Issue Dividend of $0.78

National Bankshares, Inc. (NASDAQ:NKSH) announced a dividend on Thursday, November 12th. Shareholders of record on Monday, November 23rd will be given a dividend of $0.78 per share by the bank on Tuesday, December 1st. This represents a yield of 399.0%. The ex-dividend date is Monday, November 23rd.

National Bankshares has a dividend payout ratio of 54.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect National Bankshares to earn $3.86 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 38.9%.

National Bankshares Stock Performance

Shares of NKSH stock traded down $0.47 during trading hours on Friday, hitting $39.12. The company had a trading volume of 7,450 shares, compared to its average volume of 33,421. National Bankshares has a 12 month low of $28.35 and a 12 month high of $45.99. The firm’s fifty day moving average is $42.02 and its 200 day moving average is $38.57. The firm has a market capitalization of $249.19 million, a price-to-earnings ratio of 11.68 and a beta of 0.62.

National Bankshares (NASDAQ:NKSH) last posted its earnings results on Thursday, October 22nd. The bank reported $0.86 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.12). National Bankshares had a return on equity of 11.09% and a net margin of 24.08%. The company had revenue of $16.42 million for the quarter, compared to the consensus estimate of $17.30 million. On average, sell-side analysts expect that National Bankshares will post 3.52 EPS for the current fiscal year.

Institutional Trading of National Bankshares

Several hedge funds have recently modified their holdings of NKSH. BlackRock Inc. bought a new position in National Bankshares in the 2nd quarter worth approximately $19,238,000. Dimensional Fund Advisors LP increased its stake in shares of National Bankshares by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 134,276 shares of the bank’s stock valued at $4,889,000 after buying an additional 8,320 shares during the period. Renaissance Technologies LLC raised its position in shares of National Bankshares by 17.5% during the first quarter. Renaissance Technologies LLC now owns 28,980 shares of the bank’s stock worth $1,055,000 after acquiring an additional 4,310 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of National Bankshares during the second quarter worth $586,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of National Bankshares during the second quarter valued at $584,000. 29.73% of the stock is owned by institutional investors.

National Bankshares Company Profile

National Bankshares, Inc. is a bank holding company headquartered in Blacksburg, Virginia. Its principal subsidiary, The National Bank of Blacksburg, operates as a community bank serving individuals, businesses and organizations in Virginia. The bank offers deposit accounts and lending services, including consumer, commercial and real estate loans. It also provides trust, investment and other financial services through affiliated operations. The bank traces its history to 1891, when the National Bank of Blacksburg was established.