Barclays PLC Buys 5,569 Shares of National Bankshares, Inc. (NASDAQ:NKSH)

Barclays PLC raised its stake in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 290.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,487 shares of the bank’s stock after acquiring an additional 5,569 shares during the period. Barclays PLC owned about 0.12% of National Bankshares worth $224,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in shares of National Bankshares by 71.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $53,000 after purchasing an additional 734 shares during the period. State Street Corp raised its stake in National Bankshares by 0.8% in the 3rd quarter. State Street Corp now owns 79,406 shares of the bank’s stock valued at $2,374,000 after acquiring an additional 622 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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 period. Geode Capital Management LLC raised its stake in National Bankshares by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 138,246 shares of the bank’s stock valued at $4,134,000 after acquiring an additional 5,975 shares during the period. Finally, Brandes Investment Partners LP raised its stake in National Bankshares by 14.4% in the 2nd quarter. Brandes Investment Partners LP now owns 135,937 shares of the bank’s stock valued at $3,839,000 after acquiring an additional 17,149 shares during the period. 29.73% of the stock is currently owned by institutional investors.

National Bankshares Trading Up 3.8 %

NASDAQ NKSH opened at $30.25 on Wednesday. National Bankshares, Inc. has a 12 month low of $26.00 and a 12 month high of $35.00. The stock has a market cap of $192.39 million, a P/E ratio of 20.86 and a beta of 0.61. The stock’s fifty day moving average price is $29.95 and its 200-day moving average price is $29.77.

National Bankshares Increases Dividend

The firm also recently disclosed 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 is a boost from National Bankshares’s previous semi-annual dividend of $0.55. This represents a dividend yield of 5%. National Bankshares’s dividend payout ratio (DPR) is 107.59%.

Analyst Ratings Changes

NKSH has been the topic of a number of research reports. StockNews.com cut National Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Janney Montgomery Scott raised National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a 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.