Kingsview Wealth Management LLC Buys Shares of 7,758 National Bankshares, Inc. (NASDAQ:NKSH)

Kingsview Wealth Management LLC bought a new stake in shares of National Bankshares, Inc. (NASDAQ:NKSH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,758 shares of the bank’s stock, valued at approximately $223,000. Kingsview Wealth Management LLC owned approximately 0.12% of National Bankshares as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA raised its position 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 worth $105,000 after acquiring an additional 500 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of National Bankshares by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank’s stock worth $486,000 after acquiring an additional 550 shares in the last quarter. State Street Corp raised its position in shares of National Bankshares by 0.8% in the 3rd quarter. State Street Corp now owns 79,406 shares of the bank’s stock worth $2,374,000 after acquiring an additional 622 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of National Bankshares by 71.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $53,000 after acquiring an additional 734 shares in the last quarter. Finally, Barclays PLC raised its position in shares of National Bankshares by 290.4% in the 3rd quarter. Barclays PLC now owns 7,487 shares of the bank’s stock worth $224,000 after acquiring an additional 5,569 shares in the last quarter. 29.73% of the stock is owned by institutional investors.

National Bankshares Price Performance

Shares of NASDAQ:NKSH opened at $28.57 on Friday. The business’s 50-day moving average is $29.15 and its 200 day moving average is $29.61. National Bankshares, Inc. has a 1 year low of $26.00 and a 1 year high of $35.00. The firm has a market capitalization of $181.71 million, a P/E ratio of 23.42 and a beta of 0.60.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Thursday, January 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. National Bankshares had a return on equity of 5.00% and a net margin of 9.64%. On average, analysts expect that National Bankshares, Inc. will post 2.35 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com raised National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Janney Montgomery Scott raised National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Friday, November 22nd.

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.