National Bankshares, Inc. (NASDAQ:NKSH) Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,156 shares of the bank’s stock after purchasing an additional 471 shares during the quarter. Bank of New York Mellon Corp owned 0.41% of National Bankshares worth $683,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NKSH. BNP Paribas Financial Markets increased its stake in National Bankshares by 67.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,821 shares of the bank’s stock valued at $94,000 after buying an additional 1,132 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of National Bankshares by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank’s stock worth $400,000 after acquiring an additional 357 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of National Bankshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 314,033 shares of the bank’s stock worth $10,492,000 after purchasing an additional 1,877 shares in the last quarter. rhino investment partners Inc acquired a new stake in shares of National Bankshares during the 4th quarter valued at about $2,285,000. Finally, Cascade Wealth Advisors Inc bought a new stake in shares of National Bankshares in the 1st quarter valued at approximately $357,000. Hedge funds and other institutional investors own 29.73% of the company’s stock.

National Bankshares Trading Down 1.5 %

Shares of NASDAQ:NKSH opened at $30.31 on Monday. National Bankshares, Inc. has a 1 year low of $22.28 and a 1 year high of $37.00. The firm has a fifty day moving average price of $29.70 and a 200 day moving average price of $30.09. The stock has a market capitalization of $178.65 million, a PE ratio of 13.41 and a beta of 0.56.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Wednesday, August 14th. The bank reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.17). The firm had revenue of $19.36 million during the quarter, compared to the consensus estimate of $11.43 million. National Bankshares had a return on equity of 6.70% and a net margin of 12.65%. On average, sell-side analysts forecast that National Bankshares, Inc. will post 1.94 earnings per share for the current fiscal year.

Insider Buying and Selling at National Bankshares

In related news, Director Lawrence J. Ball acquired 1,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $27.00 per share, for a total transaction of $27,000.00. Following the purchase, the director now owns 20,688 shares in the company, valued at approximately $558,576. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.75% of the company’s stock.

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.