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

Eagle Ridge Investment Management purchased a new position in shares of National Bankshares, Inc. (NASDAQ:NKSH) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,055 shares of the bank’s stock, valued at approximately $211,000. Eagle Ridge Investment Management owned approximately 0.12% of National Bankshares at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NKSH. BNP Paribas Financial Markets increased its position in shares of National Bankshares by 67.0% during the first quarter. BNP Paribas Financial Markets now owns 2,821 shares of the bank’s stock worth $94,000 after purchasing an additional 1,132 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of National Bankshares during the second quarter valued at $226,000. Price T Rowe Associates Inc. MD grew its holdings in shares of National Bankshares by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank’s stock valued at $400,000 after buying an additional 357 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of National Bankshares by 2.4% during the second quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock valued at $604,000 after buying an additional 500 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of National Bankshares by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock valued at $683,000 after buying an additional 471 shares during the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other National Bankshares news, Director Lawrence J. Ball purchased 1,000 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $27.00 per share, with a total value of $27,000.00. Following the completion of the acquisition, the director now owns 20,688 shares in the company, valued at $558,576. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.75% of the company’s stock.

National Bankshares Price Performance

Shares of NKSH opened at $30.08 on Friday. The firm has a market capitalization of $191.31 million, a PE ratio of 19.41 and a beta of 0.56. National Bankshares, Inc. has a 1-year low of $22.38 and a 1-year high of $37.00. The company’s fifty day moving average price is $29.52 and its 200-day moving average price is $29.51.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Wednesday, August 14th. The bank reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.17). The company had revenue of $19.36 million for the quarter, compared to analysts’ expectations of $11.43 million. National Bankshares had a net margin of 12.65% and a return on equity of 6.70%. As a group, research analysts anticipate that National Bankshares, Inc. will post 1.94 EPS for the current fiscal year.

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.