Charles Schwab Investment Management Inc. Grows Stock Position in National Bankshares, Inc. (NASDAQ:NKSH)

Charles Schwab Investment Management Inc. increased its stake in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,268 shares of the bank’s stock after acquiring an additional 550 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.26% of National Bankshares worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Brandes Investment Partners LP grew its holdings in shares of National Bankshares by 14.4% in the second quarter. Brandes Investment Partners LP now owns 135,937 shares of the bank’s stock worth $3,839,000 after purchasing an additional 17,149 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in National Bankshares during the 2nd quarter valued at $226,000. Bank of New York Mellon Corp grew its holdings in National Bankshares by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock worth $683,000 after acquiring an additional 471 shares during the last quarter. Eagle Ridge Investment Management purchased a new position in shares of National Bankshares in the third quarter valued at about $211,000. Finally, Renaissance Technologies LLC raised its stake in shares of National Bankshares by 2.4% during the second quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock valued at $604,000 after acquiring an additional 500 shares during the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.

National Bankshares Trading Up 1.2 %

Shares of National Bankshares stock opened at $28.75 on Friday. National Bankshares, Inc. has a 12-month low of $26.50 and a 12-month high of $35.54. The company has a market cap of $182.88 million, a P/E ratio of 19.83 and a beta of 0.59. The company’s fifty day simple moving average is $30.66 and its two-hundred day simple moving average is $29.88.

National Bankshares Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were given a dividend of $0.78 per share. The ex-dividend date was Monday, November 25th. This represents a dividend yield of 5%. This is a boost from National Bankshares’s previous semi-annual dividend of $0.55. National Bankshares’s payout ratio is currently 107.59%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Janney Montgomery Scott raised National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday, November 22nd. StockNews.com upgraded National Bankshares from a “sell” rating to a “hold” rating in a report on Monday, November 25th.

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.