National Bankshares, Inc. (NKSH) To Go Ex-Dividend on May 26th

National Bankshares, Inc. (NASDAQ:NKSH) announced a dividend on Wednesday, May 13th. Stockholders of record on Tuesday, May 26th will be paid a dividend of 0.75 per share by the bank on Monday, June 1st. This represents a dividend yield of 425.0%. The ex-dividend date of this dividend is Tuesday, May 26th.

National Bankshares has increased its dividend payment by an average of 0.0%per year over the last three years. National Bankshares has a payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect National Bankshares to earn $3.35 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 46.6%.

National Bankshares Stock Performance

Shares of NKSH stock opened at $35.15 on Friday. The firm has a market cap of $223.91 million, a P/E ratio of 12.78 and a beta of 0.63. National Bankshares has a fifty-two week low of $24.74 and a fifty-two week high of $40.00. The business’s 50 day moving average price is $36.67 and its 200-day moving average price is $34.57.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. The firm had revenue of $15.30 million for the quarter, compared to analyst estimates of $14.50 million. National Bankshares had a return on equity of 10.53% and a net margin of 20.39%. As a group, equities analysts predict that National Bankshares will post 3.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NKSH. Weiss Ratings upgraded National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 7th. Zacks Research upgraded National Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen upgraded National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

National Bankshares Company Profile

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.