Eagle Ridge Investment Management Invests $211,000 in National Bankshares, Inc. (NASDAQ:NKSH)

Eagle Ridge Investment Management bought a new position in shares of National Bankshares, Inc. (NASDAQ:NKSH) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 7,055 shares of the bank’s stock, valued at approximately $211,000.

Other hedge funds have also modified their holdings of the company. Brandes Investment Partners LP boosted its stake in shares of National Bankshares by 14.4% during the 2nd quarter. Brandes Investment Partners LP now owns 135,937 shares of the bank’s stock worth $3,839,000 after acquiring an additional 17,149 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of National Bankshares by 67.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,821 shares of the bank’s stock worth $94,000 after acquiring an additional 1,132 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of National Bankshares by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank’s stock worth $400,000 after acquiring an additional 357 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of National Bankshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 314,033 shares of the bank’s stock worth $10,492,000 after acquiring an additional 1,877 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of National Bankshares by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock worth $683,000 after purchasing an additional 471 shares during the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.

National Bankshares Stock Up 0.5 %

NKSH opened at $30.08 on Friday. National Bankshares, Inc. has a twelve month low of $22.38 and a twelve month high of $37.00. The company has a 50-day moving average price of $29.52 and a 200 day moving average price of $29.51. The company has a market cap of $191.31 million, a PE ratio of 19.41 and a beta of 0.56.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings results on Wednesday, August 14th. The bank reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.17). National Bankshares had a return on equity of 6.70% and a net margin of 12.65%. The company had revenue of $19.36 million for the quarter, compared to analyst estimates of $11.43 million. As a group, sell-side analysts expect that National Bankshares, Inc. will post 1.94 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lawrence J. Ball purchased 1,000 shares of National Bankshares stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $27.00 per share, for a total transaction of $27,000.00. Following the transaction, the director now directly owns 20,688 shares in the company, valued at approximately $558,576. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.75% of the company’s stock.

About National Bankshares

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.