Bank of New York Mellon Corp Has $589,000 Holdings in National Bankshares, Inc. (NASDAQ:NKSH)

Bank of New York Mellon Corp boosted its holdings in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 16.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,521 shares of the bank’s stock after buying an additional 2,966 shares during the quarter. Bank of New York Mellon Corp owned about 0.32% of National Bankshares worth $589,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NKSH. Charles Schwab Investment Management Inc. increased its holdings in shares of National Bankshares by 3.5% during 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. Private Trust Co. NA grew its holdings in National Bankshares by 16.7% during the third quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock valued at $105,000 after purchasing an additional 500 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in National Bankshares by 71.7% during the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $53,000 after purchasing an additional 734 shares during the last quarter. State Street Corp raised its holdings in National Bankshares by 0.8% in the 3rd quarter. State Street Corp now owns 79,406 shares of the bank’s stock worth $2,374,000 after acquiring an additional 622 shares during the period. Finally, Barclays PLC increased its stake in shares of National Bankshares by 290.4% in the third quarter. Barclays PLC now owns 7,487 shares of the bank’s stock worth $224,000 after purchasing an additional 5,569 shares during the period. 29.73% of the stock is currently owned by institutional investors.

National Bankshares Stock Performance

Shares of NKSH opened at $27.85 on Friday. The company has a 50-day simple moving average of $28.22 and a 200-day simple moving average of $29.28. National Bankshares, Inc. has a 52 week low of $26.00 and a 52 week high of $35.00. The firm has a market capitalization of $177.15 million, a P/E ratio of 22.83 and a beta of 0.55.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. National Bankshares had a return on equity of 5.00% and a net margin of 9.64%. As a group, equities analysts forecast that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised National Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, February 1st.

Insider Activity at National Bankshares

In other National Bankshares news, Director Charles E. Green III bought 1,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $27.08 per share, with a total value of $27,080.00. Following the completion of the purchase, the director now directly owns 49,144 shares in the company, valued at $1,330,819.52. The trade was a 2.08 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders bought 2,049 shares of company stock worth $55,982. 2.75% of the stock is owned by corporate insiders.

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.