National Bankshares Inc. (NASDAQ:NKSH) to Issue Dividend Increase – $0.72 Per Share

National Bankshares Inc. (NASDAQ:NKSH) declared a Semi-Annual dividend on Wednesday, November 13th, Zacks reports. Shareholders of record on Monday, November 25th will be paid a dividend of 0.72 per share by the bank on Monday, December 2nd. This represents a yield of 3.1%. The ex-dividend date of this dividend is Friday, November 22nd. This is an increase from National Bankshares’s previous Semi-Annual dividend of $0.63.

National Bankshares stock traded up $0.33 during midday trading on Wednesday, hitting $44.67. 20 shares of the company’s stock were exchanged, compared to its average volume of 8,696. National Bankshares has a 12-month low of $32.52 and a 12-month high of $47.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market cap of $280.87 million, a price-to-earnings ratio of 16.84 and a beta of 0.52. The firm’s 50 day simple moving average is $41.03 and its 200 day simple moving average is $38.25.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. National Bankshares had a net margin of 32.46% and a return on equity of 9.28%.

Several brokerages recently commented on NKSH. TheStreet upgraded shares of National Bankshares from a “c+” rating to a “b-” rating in a research note on Tuesday, October 1st. BidaskClub upgraded shares of National Bankshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 14th. Finally, ValuEngine upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.

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 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, and individual retirement accounts.

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Dividend History for National Bankshares (NASDAQ:NKSH)

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