National Bankshares, Inc. (NASDAQ:NKSH) to Issue $0.75 Dividend

National Bankshares, Inc. (NASDAQ:NKSH) declared a dividend on Wednesday, May 13th. Investors 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 by an average of 0.0%per year over the last three years. National Bankshares has a payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. 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 Up 0.9%

NKSH stock traded up $0.32 during midday trading on Thursday, reaching $35.50. 8,891 shares of the company’s stock traded hands, compared to its average volume of 36,110. The company has a market cap of $226.11 million, a price-to-earnings ratio of 12.96 and a beta of 0.63. The firm’s fifty day moving average price is $36.72 and its 200-day moving average price is $34.53. National Bankshares has a 52 week low of $24.74 and a 52 week high of $40.00.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. National Bankshares had a return on equity of 10.53% and a net margin of 20.39%.The business had revenue of $15.30 million during the quarter, compared to the consensus estimate of $14.50 million. Analysts forecast that National Bankshares will post 3.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NKSH. Weiss Ratings raised shares of National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 7th. Wall Street Zen upgraded National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Zacks Research upgraded National Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on 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.