Ladenburg Thalmann Financial Services Inc. Lowers Position in National Bankshares Inc. (NASDAQ:NKSH)

Ladenburg Thalmann Financial Services Inc. lessened its stake in National Bankshares Inc. (NASDAQ:NKSH) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,995 shares of the bank’s stock after selling 445 shares during the period. Ladenburg Thalmann Financial Services Inc. owned about 0.06% of National Bankshares worth $153,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its position in National Bankshares by 33.5% in the 2nd quarter. Bank of Montreal Can now owns 2,066 shares of the bank’s stock worth $80,000 after purchasing an additional 518 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of National Bankshares during the 1st quarter valued at approximately $28,000. Aperio Group LLC purchased a new position in shares of National Bankshares during the 2nd quarter valued at approximately $88,000. Acadian Asset Management LLC lifted its position in shares of National Bankshares by 164.2% during the 2nd quarter. Acadian Asset Management LLC now owns 4,668 shares of the bank’s stock valued at $182,000 after buying an additional 2,901 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of National Bankshares by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 74,627 shares of the bank’s stock valued at $2,905,000 after buying an additional 4,422 shares in the last quarter. Institutional investors and hedge funds own 29.58% of the company’s stock.

NASDAQ NKSH opened at $41.31 on Wednesday. The business has a fifty day moving average price of $38.56 and a 200 day moving average price of $38.13. National Bankshares Inc. has a one year low of $32.52 and a one year high of $47.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $271.93 million, a P/E ratio of 16.52 and a beta of 0.53.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. National Bankshares had a return on equity of 9.28% and a net margin of 32.78%.

A number of research analysts have recently issued reports on NKSH shares. TheStreet upgraded National Bankshares from a “c+” rating to a “b-” rating in a research report on Tuesday, October 1st. ValuEngine raised National Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, BidaskClub raised National Bankshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 14th.

National Bankshares 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.

See Also: Technical Analysis

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.