JPMorgan Chase & Co. Has $295,000 Stock Holdings in National Bankshares, Inc. (NASDAQ:NKSH)

JPMorgan Chase & Co. grew its position in National Bankshares, Inc. (NASDAQ:NKSH) by 295.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,870 shares of the bank’s stock after purchasing an additional 7,373 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.16% of National Bankshares worth $295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its holdings 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 in the last quarter. State Street Corp increased its position in shares of National Bankshares by 0.8% during the third quarter. State Street Corp now owns 79,406 shares of the bank’s stock valued at $2,374,000 after purchasing an additional 622 shares during the period. Renaissance Technologies LLC raised its stake in shares of 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 purchasing an additional 500 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 worth $486,000 after purchasing an additional 550 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in National Bankshares during the second quarter worth $226,000. 29.73% of the stock is currently owned by institutional investors and hedge funds.

National Bankshares Stock Performance

Shares of NASDAQ NKSH opened at $29.87 on Friday. The firm has a 50 day moving average price of $29.74 and a 200 day moving average price of $29.80. The stock has a market cap of $189.97 million, a P/E ratio of 20.60 and a beta of 0.61. National Bankshares, Inc. has a 52-week low of $26.00 and a 52-week high of $35.00.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. National Bankshares had a net margin of 11.44% and a return on equity of 5.85%. Analysts predict that National Bankshares, Inc. will post 1.79 earnings per share for the current fiscal year.

National Bankshares Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were given a dividend of $0.78 per share. The ex-dividend date was Monday, November 25th. This represents a yield of 5%. This is an increase from National Bankshares’s previous semi-annual dividend of $0.55. National Bankshares’s dividend payout ratio is 107.59%.

Wall Street Analyst Weigh In

NKSH has been the topic of a number of recent research reports. StockNews.com downgraded National Bankshares from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Janney Montgomery Scott upgraded shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Friday, November 22nd.

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.