Charles Schwab Investment Management Inc. Acquires 550 Shares of National Bankshares, Inc. (NASDAQ:NKSH)

Charles Schwab Investment Management Inc. lifted its stake in National Bankshares, Inc. (NASDAQ:NKSH) by 3.5% during the third quarter, HoldingsChannel.com reports. The firm owned 16,268 shares of the bank’s stock after purchasing an additional 550 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in National Bankshares were worth $486,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NKSH. Eagle Ridge Investment Management purchased a new position in National Bankshares during the third quarter valued at $211,000. Sanctuary Advisors LLC purchased a new stake in shares of National Bankshares in the second quarter worth $226,000. Renaissance Technologies LLC increased its holdings in shares of National Bankshares by 2.4% during 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of National Bankshares by 2.0% in 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 during the last quarter. Finally, Brandes Investment Partners LP boosted its stake in National Bankshares by 14.4% in the 2nd quarter. Brandes Investment Partners LP now owns 135,937 shares of the bank’s stock worth $3,839,000 after purchasing an additional 17,149 shares in the last quarter. 29.73% of the stock is owned by institutional investors.

National Bankshares Trading Up 1.2 %

National Bankshares stock opened at $28.75 on Friday. National Bankshares, Inc. has a 12 month low of $26.50 and a 12 month high of $35.54. The stock has a fifty day simple moving average of $30.66 and a two-hundred day simple moving average of $29.88. The firm has a market cap of $182.88 million, a price-to-earnings ratio of 19.83 and a beta of 0.59.

National Bankshares Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were issued a $0.78 dividend. This represents a yield of 5%. This is an increase from National Bankshares’s previous semi-annual dividend of $0.55. The ex-dividend date of this dividend was Monday, November 25th. National Bankshares’s dividend payout ratio (DPR) is presently 107.59%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Janney Montgomery Scott upgraded shares of 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, November 22nd.

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.