National Bankshares, Inc. (NKSH) To Go Ex-Dividend on May 26th

National Bankshares, Inc. (NASDAQ:NKSH) announced a dividend on Wednesday, May 13th. Shareholders of record on Tuesday, May 26th will be paid a dividend of 0.75 per share by the bank on Monday, June 1st. This represents a yield of 425.0%. The ex-dividend date of this dividend is Tuesday, May 26th.

National Bankshares has raised its dividend payment by an average of 0.0%per year over the last three years. National Bankshares has a payout ratio of 54.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect National Bankshares to earn $3.35 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 44.8%.

National Bankshares Price Performance

Shares of NASDAQ NKSH opened at $35.58 on Friday. National Bankshares has a 1-year low of $24.74 and a 1-year high of $40.00. The business’s fifty day moving average price is $36.41 and its two-hundred day moving average price is $34.82. The firm has a market capitalization of $226.64 million, a PE ratio of 12.94 and a beta of 0.63.

National Bankshares (NASDAQ:NKSH) last issued its earnings results on Thursday, April 23rd. The bank reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.13. The firm had revenue of $15.30 million for the quarter, compared to analyst estimates of $14.50 million. National Bankshares had a return on equity of 10.38% and a net margin of 20.39%. Equities research analysts expect that National Bankshares will post 3.25 earnings per share for the current fiscal year.

Institutional Trading of National Bankshares

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of National Bankshares by 7.3% in the second quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock worth $4,197,000 after buying an additional 10,437 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of National Bankshares by 398.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock worth $47,000 after buying an additional 1,396 shares during the period. State of Wyoming acquired a new stake in shares of National Bankshares in the second quarter worth $36,000. JPMorgan Chase & Co. boosted its position in shares of National Bankshares by 37.6% in the third quarter. JPMorgan Chase & Co. now owns 6,493 shares of the bank’s stock worth $191,000 after buying an additional 1,774 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of National Bankshares by 1.2% in the third quarter. Vanguard Group Inc. now owns 334,517 shares of the bank’s stock worth $9,848,000 after buying an additional 3,876 shares during the period. Hedge funds and other institutional investors own 29.73% of the company’s stock.

About National Bankshares

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.