Summit Financial Group Inc. Acquires Shares of 35,082 National Bankshares, Inc. (NKSH)

Summit Financial Group Inc. acquired a new position in shares of National Bankshares, Inc. (NASDAQ:NKSH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 35,082 shares of the bank’s stock, valued at approximately $1,594,000. National Bankshares makes up about 1.3% of Summit Financial Group Inc.’s investment portfolio, making the stock its 21st biggest holding. Summit Financial Group Inc. owned approximately 0.50% of National Bankshares as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position 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 buying an additional 117 shares during the period. BB&T Securities LLC lifted its position in shares of National Bankshares by 8.8% during the 2nd quarter. BB&T Securities LLC now owns 6,150 shares of the bank’s stock worth $250,000 after buying an additional 500 shares during the period. Vanguard Group Inc. lifted its position in shares of National Bankshares by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 230,770 shares of the bank’s stock worth $9,415,000 after buying an additional 588 shares during the period. Bank of New York Mellon Corp lifted its position in shares of National Bankshares by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,780 shares of the bank’s stock worth $1,255,000 after buying an additional 703 shares during the period. Finally, Northern Trust Corp lifted its position in shares of National Bankshares by 3.8% during the 2nd quarter. Northern Trust Corp now owns 84,194 shares of the bank’s stock worth $3,435,000 after buying an additional 3,082 shares during the period. 35.45% of the stock is currently owned by institutional investors.

In other National Bankshares news, Director Glenn P. Reynolds sold 1,000 shares of National Bankshares stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $44.01, for a total value of $44,010.00. Following the completion of the transaction, the director now owns 5,144 shares in the company, valued at approximately $226,387.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.68% of the company’s stock.

National Bankshares, Inc. (NASDAQ NKSH) traded up $0.20 during trading on Thursday, hitting $45.30. The company had a trading volume of 6,400 shares, compared to its average volume of 5,150. 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 $313.80, a P/E ratio of 21.88 and a beta of 0.32.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings data on Friday, October 27th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.01). National Bankshares had a net margin of 28.45% and a return on equity of 7.90%. The business had revenue of $11.88 million during the quarter.

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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.

Institutional Ownership by Quarter for National Bankshares (NASDAQ:NKSH)

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