Partners in Financial Planning Takes $419,000 Position in National Bankshares, Inc. (NASDAQ:NKSH)

Partners in Financial Planning bought a new stake in National Bankshares, Inc. (NASDAQ:NKSH) in the fourth quarter, HoldingsChannel reports. The fund bought 14,580 shares of the bank’s stock, valued at approximately $419,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of National Bankshares by 71.7% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $53,000 after acquiring an additional 734 shares during the period. Private Trust Co. NA raised its position in National Bankshares by 14.3% in the 4th quarter. Private Trust Co. NA now owns 4,000 shares of the bank’s stock valued at $115,000 after purchasing an additional 500 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in National Bankshares during the 4th quarter worth $223,000. Barclays PLC grew its position in National Bankshares by 290.4% during the 3rd 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 last quarter. Finally, Atria Investments Inc increased its stake in National Bankshares by 13.7% in the fourth quarter. Atria Investments Inc now owns 10,118 shares of the bank’s stock valued at $290,000 after purchasing an additional 1,223 shares during the period. Hedge funds and other institutional investors own 29.73% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at National Bankshares

In other news, Director Lawrence J. Ball acquired 1,000 shares of National Bankshares stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $27.50 per share, for a total transaction of $27,500.00. Following the completion of the transaction, the director now directly owns 21,906 shares in the company, valued at approximately $602,415. This trade represents a 4.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 2,049 shares of company stock worth $55,982 over the last ninety days. 2.75% of the stock is currently owned by company insiders.

National Bankshares Trading Down 2.8 %

Shares of NKSH stock opened at $27.08 on Monday. National Bankshares, Inc. has a twelve month low of $26.00 and a twelve month high of $35.00. The business’s 50 day moving average is $28.18 and its two-hundred day moving average is $29.28. The company has a market capitalization of $172.26 million, a P/E ratio of 22.20 and a beta of 0.55.

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

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.