National Bankshares, Inc. (NASDAQ:NKSH) Short Interest Update

National Bankshares, Inc. (NASDAQ:NKSH) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 74,083 shares, a decline of 20.6% from the December 15th total of 93,308 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,414 shares, the days-to-cover ratio is currently 5.1 days. Based on an average daily trading volume, of 14,414 shares, the days-to-cover ratio is currently 5.1 days. Approximately 1.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On National Bankshares

Several hedge funds and other institutional investors have recently modified their holdings of NKSH. State of Wyoming lifted its holdings in shares of National Bankshares by 26.4% in the 3rd quarter. State of Wyoming now owns 1,663 shares of the bank’s stock worth $49,000 after purchasing an additional 347 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in National Bankshares by 4.6% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,145 shares of the bank’s stock valued at $249,000 after acquiring an additional 398 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in National Bankshares by 45.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock worth $61,000 after purchasing an additional 643 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of National Bankshares in the second quarter valued at approximately $35,000. Finally, Tower Research Capital LLC TRC grew its holdings in National Bankshares by 398.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock worth $47,000 after buying an additional 1,396 shares in the last quarter. Institutional investors own 29.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on NKSH shares. Weiss Ratings restated a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 29th. Wall Street Zen raised National Bankshares to a “hold” rating in a research report on Saturday, December 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

National Bankshares Stock Performance

Shares of NKSH stock traded down $0.10 during mid-day trading on Monday, hitting $34.32. The company’s stock had a trading volume of 24,961 shares, compared to its average volume of 13,328. National Bankshares has a 52 week low of $23.75 and a 52 week high of $35.00. The company’s fifty day simple moving average is $31.88 and its 200-day simple moving average is $30.27. The company has a market cap of $218.62 million, a PE ratio of 16.82 and a beta of 0.72.

National Bankshares (NASDAQ:NKSH) last issued its earnings results on Thursday, October 23rd. The bank reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The business had revenue of $14.21 million during the quarter, compared to the consensus estimate of $13.87 million. National Bankshares had a return on equity of 8.62% and a net margin of 15.56%. On average, equities analysts anticipate that National Bankshares will post 2.35 earnings per share for the current year.

National Bankshares Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 24th were given a dividend of $0.78 per share. This represents a dividend yield of 536.0%. The ex-dividend date of this dividend was Monday, November 24th. National Bankshares’s dividend payout ratio is 76.47%.

About National Bankshares

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.