National Bankshares Inc. (NKSH) Director Purchases $41,780.00 in Stock

National Bankshares Inc. (NASDAQ:NKSH) Director Norman V. Fitzwater III bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of $41.78 per share, with a total value of $41,780.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $208,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ:NKSH traded up $0.59 during midday trading on Friday, hitting $43.28. 17,851 shares of the stock traded hands, compared to its average volume of 32,284. The company has a market cap of $285.55 million, a price-to-earnings ratio of 17.61 and a beta of 0.45. National Bankshares Inc. has a one year low of $33.65 and a one year high of $49.75.

Several large investors have recently modified their holdings of NKSH. Royce & Associates LP raised its stake in shares of National Bankshares by 3.1% during the third quarter. Royce & Associates LP now owns 419,271 shares of the bank’s stock valued at $19,056,000 after acquiring an additional 12,723 shares during the last quarter. BlackRock Inc. raised its stake in National Bankshares by 1.3% in the fourth quarter. BlackRock Inc. now owns 479,979 shares of the bank’s stock worth $17,485,000 after buying an additional 6,221 shares in the last quarter. Captrust Financial Advisors raised its stake in National Bankshares by 313.3% in the third quarter. Captrust Financial Advisors now owns 6,200 shares of the bank’s stock worth $282,000 after buying an additional 4,700 shares in the last quarter. Geode Capital Management LLC raised its stake in National Bankshares by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 62,180 shares of the bank’s stock worth $2,265,000 after buying an additional 3,764 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in National Bankshares by 41.9% in the fourth quarter. Rhumbline Advisers now owns 9,571 shares of the bank’s stock worth $349,000 after buying an additional 2,824 shares in the last quarter. 35.50% of the stock is owned by hedge funds and other institutional investors.



Several brokerages recently issued reports on NKSH. BidaskClub lowered shares of National Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, December 4th. Sandler O’Neill raised shares of National Bankshares from a “hold” rating to a “buy” rating and set a $42.50 price target for the company in a research note on Monday, February 4th. They noted that the move was a valuation call.

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About National Bankshares

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 deposits, and individual retirement accounts Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties.

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