Geode Capital Management LLC Raises Stock Holdings in National Bankshares, Inc. (NASDAQ:NKSH)

Geode Capital Management LLC increased its stake in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,246 shares of the bank’s stock after purchasing an additional 5,975 shares during the quarter. Geode Capital Management LLC owned approximately 2.17% of National Bankshares worth $4,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its stake in shares of National Bankshares by 14.4% during the 2nd 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. State Street Corp lifted its stake in shares of National Bankshares by 0.8% during the third quarter. State Street Corp now owns 79,406 shares of the bank’s stock valued at $2,374,000 after buying an additional 622 shares during the period. Bank of New York Mellon Corp boosted its position in National Bankshares by 2.0% during the second 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. Renaissance Technologies LLC grew its stake in National Bankshares by 2.4% in the 2nd quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock worth $604,000 after acquiring an additional 500 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in National Bankshares by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank’s stock valued at $486,000 after acquiring an additional 550 shares during the last quarter. Institutional investors and hedge funds own 29.73% of the company’s stock.

National Bankshares Stock Performance

NKSH opened at $27.89 on Monday. National Bankshares, Inc. has a 1 year low of $26.50 and a 1 year high of $35.00. The company’s 50 day simple moving average is $30.44 and its 200 day simple moving average is $29.84. The stock has a market capitalization of $177.41 million, a PE ratio of 19.23 and a beta of 0.61.

National Bankshares Increases Dividend

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

Wall Street Analyst Weigh In

NKSH has been the topic of several analyst reports. StockNews.com cut National Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Janney Montgomery Scott upgraded National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Friday, November 22nd.

National Bankshares Company Profile

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.