National Bankshares, Inc. (NASDAQ:NKSH) Stock Position Reduced by Atria Investments Inc

Atria Investments Inc trimmed its position in National Bankshares, Inc. (NASDAQ:NKSH) by 18.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,895 shares of the bank’s stock after selling 1,966 shares during the quarter. Atria Investments Inc owned approximately 0.14% of National Bankshares worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in shares of National Bankshares by 67.0% during the first quarter. BNP Paribas Financial Markets now owns 2,821 shares of the bank’s stock worth $94,000 after purchasing an additional 1,132 shares during the period. Eagle Ridge Investment Management bought a new stake in shares of National Bankshares during the 3rd quarter valued at about $211,000. Sanctuary Advisors LLC acquired a new stake in National Bankshares during the second quarter worth about $226,000. Price T Rowe Associates Inc. MD lifted its holdings in National Bankshares by 3.1% in 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 during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in National Bankshares by 2.4% in the second quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock valued at $604,000 after acquiring an additional 500 shares during the period. 29.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Friday.

National Bankshares Stock Performance

Shares of NKSH opened at $32.04 on Friday. The firm has a fifty day moving average of $30.03 and a 200-day moving average of $29.76. The company has a market cap of $203.77 million, a price-to-earnings ratio of 21.48 and a beta of 0.56. National Bankshares, Inc. has a 1 year low of $25.18 and a 1 year high of $37.00.

National Bankshares Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 25th will be given a $0.78 dividend. This is a boost from National Bankshares’s previous semi-annual dividend of $0.55. The ex-dividend date is Monday, November 25th. This represents a yield of 5%. National Bankshares’s dividend payout ratio is 100.69%.

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.