California Public Employees Retirement System Has $725,000 Stake in National Bankshares, Inc. (NKSH)
California Public Employees Retirement System maintained its stake in shares of National Bankshares, Inc. (NASDAQ:NKSH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,777 shares of the bank’s stock at the close of the second quarter. California Public Employees Retirement System owned approximately 0.26% of National Bankshares worth $725,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of National Bankshares by 0.3% during the second quarter. Vanguard Group Inc. now owns 230,770 shares of the bank’s stock worth $9,415,000 after buying an additional 588 shares in the last quarter. Northern Trust Corp increased its holdings in shares of National Bankshares by 3.8% during the second quarter. Northern Trust Corp now owns 84,194 shares of the bank’s stock worth $3,435,000 after buying an additional 3,082 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of National Bankshares during the second quarter worth $298,000. Wells Fargo & Company MN increased its holdings in shares of National Bankshares by 2.8% during the second quarter. Wells Fargo & Company MN now owns 4,333 shares of the bank’s stock worth $177,000 after buying an additional 117 shares in the last quarter. Finally, Brandes Investment Partners LP increased its holdings in shares of National Bankshares by 259.8% during the second quarter. Brandes Investment Partners LP now owns 29,494 shares of the bank’s stock worth $1,204,000 after buying an additional 21,296 shares in the last quarter. Institutional investors own 36.08% of the company’s stock.
In related news, Director Glenn P. Reynolds sold 1,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $44.01, for a total value of $44,010.00. Following the completion of the sale, the director now directly owns 5,144 shares in the company, valued at $226,387.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.68% of the company’s stock.
Shares of National Bankshares, Inc. (NASDAQ:NKSH) opened at $43.95 on Friday. The firm has a market capitalization of $310.67, a price-to-earnings ratio of 21.57 and a beta of 0.29. National Bankshares, Inc. has a 1-year low of $35.40 and a 1-year high of $47.65.
National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Friday, October 27th. The bank reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). The company had revenue of $11.88 million during the quarter. National Bankshares had a net margin of 28.45% and a return on equity of 7.90%.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a $0.61 dividend. This represents a yield of 2.79%. This is an increase from National Bankshares’s previous Semi-Annual dividend of $0.55. The ex-dividend date is Friday, November 17th. National Bankshares’s dividend payout ratio is presently 54.11%.
NKSH has been the subject of a number of recent research reports. Sandler O’Neill set a $40.00 price objective on National Bankshares and gave the company a “hold” rating in a report on Tuesday, August 29th. TheStreet downgraded National Bankshares from a “b” rating to a “c+” rating in a report on Wednesday, August 16th.
About National Bankshares
National Bankshares, Inc is a financial holding company. The Company conducts its operations through its community bank subsidiary, the National Bank of Blacksburg (NBB or the Bank). NBB offers a range of retail and commercial banking services to individuals, businesses, non-profits and local governments.
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