Barclays PLC Boosts Stock Holdings in National Bankshares, Inc. (NASDAQ:NKSH)

Barclays PLC increased its position in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 290.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,487 shares of the bank’s stock after purchasing an additional 5,569 shares during the period. Barclays PLC owned approximately 0.12% of National Bankshares worth $224,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in National Bankshares by 71.7% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $53,000 after buying an additional 734 shares in the last quarter. Private Trust Co. NA increased its holdings in National Bankshares by 16.7% in the third quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock valued at $105,000 after buying an additional 500 shares in the last quarter. Eagle Ridge Investment Management purchased a new position in National Bankshares in the third quarter valued at about $211,000. Sanctuary Advisors LLC purchased a new position in National Bankshares in the second quarter valued at about $226,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in National Bankshares by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank’s stock valued at $486,000 after buying an additional 550 shares in the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NKSH. Janney Montgomery Scott upgraded shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday, November 22nd. StockNews.com lowered shares of National Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th.

National Bankshares Stock Performance

Shares of NASDAQ NKSH opened at $28.06 on Tuesday. National Bankshares, Inc. has a 1 year low of $26.50 and a 1 year high of $35.00. The firm’s 50 day moving average price is $30.40 and its 200 day moving average price is $29.84. The firm has a market cap of $178.49 million, a P/E ratio of 19.35 and a beta of 0.61.

National Bankshares Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were issued a $0.78 dividend. This represents a dividend yield of 5%. The ex-dividend date was Monday, November 25th. This is a positive change from National Bankshares’s previous semi-annual dividend of $0.55. National Bankshares’s dividend payout ratio (DPR) is 107.59%.

National Bankshares 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.