National Bankshares, Inc. $NKSH Shares Sold by Rhino Investment Partners Inc

Rhino Investment Partners Inc decreased its stake in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 38.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,353 shares of the bank’s stock after selling 43,654 shares during the period. Rhino Investment Partners Inc’s holdings in National Bankshares were worth $2,562,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of National Bankshares by 17.5% during the 1st quarter. Renaissance Technologies LLC now owns 28,980 shares of the bank’s stock valued at $1,055,000 after acquiring an additional 4,310 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of National Bankshares by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 134,276 shares of the bank’s stock worth $4,889,000 after purchasing an additional 8,320 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of National Bankshares during the first quarter worth $257,000. Lombard Odier Asset Management Switzerland SA bought a new position in shares of National Bankshares in the 4th quarter worth about $4,034,000. Finally, Royal Bank of Canada lifted its position in shares of National Bankshares by 209.9% in the 4th quarter. Royal Bank of Canada now owns 4,305 shares of the bank’s stock worth $144,000 after buying an additional 2,916 shares during the last quarter. 29.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NKSH shares. Wall Street Zen upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Zacks Research lowered National Bankshares from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, Weiss Ratings upgraded National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

National Bankshares Stock Up 4.1%

NKSH opened at $39.93 on Wednesday. The firm has a market cap of $254.27 million, a PE ratio of 12.56 and a beta of 0.62. The business has a fifty day simple moving average of $36.03 and a 200-day simple moving average of $36.42. National Bankshares, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $40.11.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). The firm had revenue of $15.70 million during the quarter, compared to analysts’ expectations of $15.65 million. National Bankshares had a net margin of 23.22% and a return on equity of 10.79%. On average, equities research analysts anticipate that National Bankshares, Inc. will post 3.52 EPS for the current fiscal year.

National Bankshares Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 26th were given a $0.75 dividend. This represents a yield of 427.0%. The ex-dividend date of this dividend was Tuesday, May 26th. National Bankshares’s dividend payout ratio is presently 47.17%.

About National Bankshares

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.