Dimensional Fund Advisors LP Has $2.55 Million Stock Holdings in National Bankshares, Inc. (NASDAQ:NKSH)

Dimensional Fund Advisors LP decreased its stake in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,105 shares of the bank’s stock after selling 2,966 shares during the quarter. Dimensional Fund Advisors LP owned about 1.53% of National Bankshares worth $2,548,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cascade Wealth Advisors Inc acquired a new stake in National Bankshares in the first quarter valued at $357,000. Vanguard Group Inc. lifted its stake in National Bankshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 314,033 shares of the bank’s stock valued at $10,492,000 after purchasing an additional 1,877 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in National Bankshares by 67.0% during the first quarter. BNP Paribas Financial Markets now owns 2,821 shares of the bank’s stock worth $94,000 after purchasing an additional 1,132 shares during the period. Bank of New York Mellon Corp increased its position in National Bankshares by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock worth $683,000 after buying an additional 471 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in National Bankshares by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank’s stock worth $400,000 after buying an additional 357 shares during the last quarter. Institutional investors own 29.73% of the company’s stock.

National Bankshares Trading Down 1.6 %

Shares of NASDAQ NKSH opened at $29.31 on Friday. The company has a market capitalization of $172.75 million, a P/E ratio of 12.97 and a beta of 0.56. National Bankshares, Inc. has a 12 month low of $22.28 and a 12 month high of $37.00. The stock has a 50 day moving average of $29.12 and a 200-day moving average of $29.72.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings results 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 business had revenue of $19.36 million for the quarter, compared to analyst estimates of $11.43 million. National Bankshares had a net margin of 12.65% and a return on equity of 6.70%. Analysts predict that National Bankshares, Inc. will post 1.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lawrence J. Ball acquired 1,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $27.00 per share, for a total transaction of $27,000.00. Following the completion of the transaction, the director now directly owns 20,688 shares of the company’s stock, valued at approximately $558,576. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.75% of the stock is currently owned by insiders.

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.