National Bankshares, Inc. Announces Semi-annual Dividend of $0.73 (NASDAQ:NKSH)

National Bankshares, Inc. (NASDAQ:NKSH) announced a semi-annual dividend on Friday, May 16th, Wall Street Journal reports. Shareholders of record on Tuesday, May 27th will be given a dividend of 0.73 per share by the bank on Monday, June 2nd. This represents a yield of 5.9%. The ex-dividend date is Tuesday, May 27th.

National Bankshares has raised its dividend payment by an average of 1.6% annually over the last three years. National Bankshares has a payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect National Bankshares to earn $2.72 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 57.4%.

National Bankshares Trading Down 0.7%

NKSH stock opened at $26.70 on Friday. National Bankshares has a one year low of $23.75 and a one year high of $33.37. The firm has a market capitalization of $169.89 million, a PE ratio of 21.89 and a beta of 0.66. The firm has a 50-day moving average of $26.08 and a two-hundred day moving average of $28.27.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st.

Insider Buying and Selling at National Bankshares

In other National Bankshares news, Director Lawrence J. Ball acquired 1,000 shares of National Bankshares stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $27.50 per share, with a total value of $27,500.00. Following the completion of the transaction, the director now owns 21,906 shares of the company’s stock, valued at $602,415. The trade was a 4.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 2,049 shares of company stock worth $55,982 over the last 90 days. Insiders own 3.18% of the company’s stock.

National Bankshares Company Profile

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.