Dimensional Fund Advisors LP lifted its stake in shares of National Bankshares, Inc. (NASDAQ:NKSH) by 95.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,241 shares of the bank’s stock after buying an additional 11,373 shares during the period. Dimensional Fund Advisors LP owned about 0.33% of National Bankshares worth $1,045,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in NKSH. Bank of New York Mellon Corp lifted its position in National Bankshares by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,780 shares of the bank’s stock valued at $1,255,000 after acquiring an additional 703 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of National Bankshares by 2.8% during the 2nd quarter. Wells Fargo & Company MN now owns 4,333 shares of the bank’s stock worth $177,000 after purchasing an additional 117 shares during the last quarter. Alliancebernstein L.P. purchased a new position in National Bankshares in the 2nd quarter valued at approximately $298,000. Northern Trust Corp grew its stake in National Bankshares by 3.8% in the 2nd quarter. Northern Trust Corp now owns 84,194 shares of the bank’s stock valued at $3,435,000 after buying an additional 3,082 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in National Bankshares by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 230,770 shares of the bank’s stock valued at $9,415,000 after buying an additional 588 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.
Shares of National Bankshares, Inc. (NASDAQ NKSH) traded up $0.65 during trading hours on Friday, reaching $39.30. 6,630 shares of the company’s stock traded hands, compared to its average volume of 5,128. National Bankshares, Inc. has a 1 year low of $36.05 and a 1 year high of $47.70. The company has a market cap of $273.45, a P/E ratio of 18.99 and a beta of 0.23.
Separately, BidaskClub lowered shares of National Bankshares from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th.
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National Bankshares Company Profile
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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