Brandes Investment Partners LP Grows Stake in National Bankshares, Inc. (NASDAQ:NKSH)

Brandes Investment Partners LP boosted its position in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 14.4% during the second quarter, Holdings Channel reports. The firm owned 135,937 shares of the bank’s stock after buying an additional 17,149 shares during the quarter. Brandes Investment Partners LP’s holdings in National Bankshares were worth $3,839,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of National Bankshares by 67.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,821 shares of the bank’s stock worth $94,000 after buying an additional 1,132 shares in the last quarter. Cascade Wealth Advisors Inc purchased a new stake in shares of National Bankshares in the first quarter valued at about $357,000. Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $400,000 after purchasing an additional 357 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of National Bankshares by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock worth $604,000 after purchasing an additional 500 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of National Bankshares by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock worth $683,000 after purchasing an additional 471 shares in the last quarter. Institutional investors and hedge funds own 29.73% of the company’s stock.

Insider Activity at National Bankshares

In other news, Director Lawrence J. Ball purchased 1,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $27.00 per share, with a total value of $27,000.00. Following the purchase, the director now directly owns 20,688 shares of the company’s stock, valued at $558,576. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.75% of the stock is currently owned by corporate insiders.

National Bankshares Stock Performance

NKSH stock opened at $29.90 on Tuesday. The stock’s 50 day moving average price is $29.55 and its 200 day moving average price is $29.95. The firm has a market cap of $176.23 million, a P/E ratio of 13.23 and a beta of 0.56. National Bankshares, Inc. has a 1 year low of $22.28 and a 1 year high of $37.00.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.17). The company had revenue of $19.36 million during the quarter, compared to analysts’ expectations of $11.43 million. National Bankshares had a net margin of 12.65% and a return on equity of 6.70%. On average, research analysts predict that National Bankshares, Inc. will post 1.94 earnings per share for the current year.

National Bankshares Company 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.