National Bankshares, Inc. (NASDAQ:NKSH) Shares Acquired by Brandes Investment Partners LP

Brandes Investment Partners LP boosted its stake in National Bankshares, Inc. (NASDAQ:NKSH) by 14.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,937 shares of the bank’s stock after acquiring an additional 17,149 shares during the period. Brandes Investment Partners LP owned 2.31% of National Bankshares worth $3,839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NKSH. Cascade Wealth Advisors Inc acquired a new position in shares of National Bankshares in the first quarter valued at approximately $357,000. BNP Paribas Financial Markets grew its position in National Bankshares by 67.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,821 shares of the bank’s stock valued at $94,000 after buying an additional 1,132 shares during the last quarter. Vanguard Group Inc. increased its stake in National Bankshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 314,033 shares of the bank’s stock valued at $10,492,000 after buying an additional 1,877 shares during the period. Price T Rowe Associates Inc. MD increased its stake in National Bankshares by 3.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank’s stock valued at $400,000 after buying an additional 357 shares during the period. Finally, Bank of New York Mellon Corp raised its position in National Bankshares by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock worth $683,000 after buying an additional 471 shares during the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.

National Bankshares Stock Performance

NKSH stock opened at $29.90 on Tuesday. The stock has a market capitalization of $176.23 million, a PE ratio of 13.23 and a beta of 0.56. The company has a fifty day moving average of $29.55 and a 200-day moving average of $29.95. National Bankshares, Inc. has a one year low of $22.28 and a one year high of $37.00.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Wednesday, August 14th. The bank reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.17). National Bankshares had a net margin of 12.65% and a return on equity of 6.70%. The firm had revenue of $19.36 million during the quarter, compared to analyst estimates of $11.43 million. Equities analysts forecast that National Bankshares, Inc. will post 1.94 earnings per share for the current fiscal year.

Insider Activity

In other National Bankshares news, Director Lawrence J. Ball acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $27.00 per share, with a total value of $27,000.00. Following the completion of the acquisition, the director now directly owns 20,688 shares of the company’s stock, valued at approximately $558,576. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.75% of the company’s stock.

About National Bankshares

National Bankshares, Inc operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and 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, health savings accounts, and individual retirement accounts.