Cascade Wealth Advisors Inc bought a new stake in shares of National Bankshares, Inc. (NASDAQ:NKSH – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,679 shares of the bank’s stock, valued at approximately $357,000. Cascade Wealth Advisors Inc owned approximately 0.18% of National Bankshares at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eagle Ridge Investment Management acquired a new position in National Bankshares in the 4th quarter valued at $228,000. Sheaff Brock Investment Advisors LLC acquired a new position in National Bankshares in the 4th quarter valued at $209,000. rhino investment partners Inc acquired a new position in National Bankshares in the 4th quarter valued at $2,285,000. Finally, SG Americas Securities LLC acquired a new position in National Bankshares in the 4th quarter valued at $103,000. Hedge funds and other institutional investors own 29.73% of the company’s stock.
National Bankshares Stock Performance
NASDAQ NKSH opened at $28.00 on Thursday. The business has a fifty day moving average price of $29.33 and a 200 day moving average price of $31.17. National Bankshares, Inc. has a one year low of $22.28 and a one year high of $37.00. The company has a market cap of $164.92 million, a P/E ratio of 12.39 and a beta of 0.59.
National Bankshares Cuts Dividend
The business also recently announced a Semi-Annual dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 28th were paid a $0.73 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, May 24th. National Bankshares’s dividend payout ratio (DPR) is presently 64.60%.
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.
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