Sanctuary Advisors LLC Has $240,000 Stock Holdings in National Bankshares, Inc. (NASDAQ:NKSH)

Sanctuary Advisors LLC decreased its stake in National Bankshares, Inc. (NASDAQ:NKSH) by 10.1% in the third quarter, Holdings Channel reports. The institutional investor owned 7,493 shares of the bank’s stock after selling 843 shares during the quarter. Sanctuary Advisors LLC’s holdings in National Bankshares were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NKSH. BNP Paribas Financial Markets boosted its stake in National Bankshares by 71.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $53,000 after purchasing an additional 734 shares during the period. Private Trust Co. NA grew its stake in shares of National Bankshares by 16.7% in the 3rd quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock valued at $105,000 after purchasing an additional 500 shares during the period. Eagle Ridge Investment Management bought a new position in shares of National Bankshares during the third quarter valued at $211,000. Barclays PLC boosted its position in National Bankshares by 290.4% in the third quarter. Barclays PLC now owns 7,487 shares of the bank’s stock valued at $224,000 after buying an additional 5,569 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in National Bankshares by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank’s stock valued at $486,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 29.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com cut National Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Janney Montgomery Scott raised shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Friday, November 22nd.

National Bankshares Trading Down 2.9 %

National Bankshares stock opened at $28.42 on Monday. The stock’s 50 day moving average is $30.56 and its 200-day moving average is $29.88. National Bankshares, Inc. has a 12 month low of $26.50 and a 12 month high of $35.00. The company has a market capitalization of $180.78 million, a price-to-earnings ratio of 19.60 and a beta of 0.59.

National Bankshares Increases Dividend

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

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.