NATIONAL BANKSHARES INC VA NKSH
COM · Common Stock · CUSIP 634865109
- SectorFinancials
- IndustryNational Commercial Banks
- HeadquartersBlacksburg, VA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($35.3k this quarter). Holder counts are more reliable. Shares outstanding: 6.4m as of 2025-08-13, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $27.21. Options: 1 managers hold calls ($2.7m notional), 1 hold puts ($2.7m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 52 |
| Q4 2022 | 59 |
| Q1 2023 | 61 |
| Q2 2023 | 63 |
| Q3 2023 | 62 |
| Q4 2023 | 66 |
| Q1 2024 | 67 |
| Q2 2024 | 64 |
| Q3 2024 | 72 |
| Q4 2024 | 73 |
| Q1 2025 | 74 |
| Q2 2025 | 77 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 22 | 23 |
| Q4 2023 | 26 | 23 |
| Q1 2024 | 21 | 20 |
| Q2 2024 | 20 | 23 |
| Q3 2024 | 29 | 16 |
| Q4 2024 | 37 | 15 |
| Q1 2025 | 28 | 25 |
| Q2 2025 | 38 | 28 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $0 | $0 | — |
| Q4 2024 | $0 | $0 | — |
| Q1 2025 | $2.6m | $2.6m | 1.00 |
| Q2 2025 | $2.7m | $2.7m | 1.00 |
Biggest buyers
| Fourthstone LLC | Added | +69.4k |
| DIMENSIONAL FUND ADVISORS LP | Added | +12.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +10.4k |
| CITADEL ADVISORS LLC | Added | +9.4k |
| MORGAN STANLEY | Added | +9.0k |
| ROYAL BANK OF CANADA | Added | +8.6k |
| UBS Group AG | Added | +8.2k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | New | +7.5k |
| BARCLAYS PLC | Added | +4.6k |
| Nuveen, LLC | Added | +2.6k |
Biggest sellers
| BRANDES INVESTMENT PARTNERS, LP | Reduced | -49.8k |
| BlackRock, Inc. | Reduced | -17.3k |
| Marotta Asset Management | Sold out | -15.2k |
| VANGUARD GROUP INC | Reduced | -14.4k |
| Atria Investments, Inc | Sold out | -9.8k |
| GOLDMAN SACHS GROUP INC | Sold out | -8.6k |
| Sanctuary Advisors, LLC | Sold out | -7.6k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -6.8k |
| Geneos Wealth Management Inc. | Reduced | -5.3k |
| JPMORGAN CHASE & CO | Reduced | -5.2k |
Biggest calls
| CIBC WORLD MARKET INC. | Unchanged | $2.7m97.5k shares |
Biggest puts
| CIBC WORLD MARKET INC. | Unchanged | $2.7m97.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 1 | $24.5k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 1 | $13.8k | 0 | — | — |
| Q3 2024 | 2 | $39.6k | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 3 | $56.0k | 0 | — | — |
| Q2 2025 | 3 | $32.4k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-18 | BALL LAWRENCE J Director | Bought | $25.8k1.0k shares |
| 2025-06-12 | Sweet Alan Jeffrey Director | Bought | $6.0k225 shares |
| 2025-06-02 | Smith Lutheria H. Director | Bought | $62824 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 435.5k $11.8m | Reduced -17.3k |
| VANGUARD GROUP INC 0.00% of their portfolio | 330.6k $9.0m | Reduced -14.4k |
| BRANDES INVESTMENT PARTNERS, LP 0.04% of their portfolio | 177.8k $4.8m | Reduced -49.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 154.3k $4.2m | Added +10.4k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 119.6k $3.3m | Added +12.8k |
| Rhino Investment Partners, Inc 0.85% of their portfolio | 114.0k $3.1m | Reduced -4.7k |
| Fourthstone LLC 0.45% of their portfolio | 84.0k $2.3m | Added +69.4k |
| STATE STREET CORP 0.00% of their portfolio | 81.0k $2.2m | Added +1.1k |
| RBF Capital, LLC 0.07% of their portfolio | 50.0k $1.4m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 49.4k $1.3m | Added +2.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 48.6k $1.3m | Added +16 |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 36.6k $994.0k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 29.1k $790.9k | Added +9.4k |
| MORGAN STANLEY 0.00% of their portfolio | 26.4k $717.8k | Added +9.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 24.1k $654.7k | Added +1.1k |
| Cerity Partners LLC 0.00% of their portfolio | 24.0k $651.9k | Reduced -421 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 22.7k $616.4k | Added +1.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 18.2k $495.7k | Added +2.0k |
| Taylor Hoffman Capital Management LLC 0.17% of their portfolio | 18.1k $493.7k | Unchanged |
| Partners in Financial Planning 0.08% of their portfolio | 16.0k $435.5k | Added +1.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 15.3k $420.0k | Added +8.6k |
| UBS Group AG 0.00% of their portfolio | 13.1k $356.8k | Added +8.2k |
| D.A. DAVIDSON & CO. 0.00% of their portfolio | 12.6k $343.9k | Reduced -348 |
| Nuveen, LLC 0.00% of their portfolio | 11.0k $300.1k | Added +2.6k |
| BARCLAYS PLC 0.00% of their portfolio | 10.4k $282.1k | Added +4.6k |
| Carson Advisory Inc. 0.17% of their portfolio | 10.0k $272.0k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 9.5k $260.0k | Added +112 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 9.2k $250.3k | Reduced -651 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 9.2k $249.1k | Reduced -4 |
| Kingsview Wealth Management, LLC 0.00% of their portfolio | 9.1k $248.8k | Added +398 |
| Invesco Ltd. 0.00% of their portfolio | 8.9k $243.2k | Reduced -1.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 8.9k $242.2k | Reduced -2.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 8.2k $222.1k | Added +543 |
| PRIVATE TRUST CO NA 0.02% of their portfolio | 7.5k $204.0k | Unchanged |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 7.5k $223.6k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 5.7k $154.2k | Added +27 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 5.6k $152.5k | Reduced -2.1k |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 5.3k $145.1k | Reduced -5.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 4.7k $128.4k | Reduced -5.2k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 3.4k $93.6k | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 3.3k $90.0k | Reduced -156 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 3.1k $85.6k | Unchanged |
| Aspect Partners, LLC 0.04% of their portfolio | 3.1k $84.4k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 2.8k $76.7k | Reduced -133 |
| CITIGROUP INC 0.00% of their portfolio | 2.2k $59.5k | Reduced -1.8k |
| Bogart Wealth, LLC 0.00% of their portfolio | 2.0k $54.5k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.7k $47.5k | Added +1.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 1.4k $38.7k | Reduced -6.8k |
| State of Wyoming 0.00% of their portfolio | 1.3k $35.8k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 1.3k $35.3k | New |
| Larson Financial Group LLC 0.00% of their portfolio | 1.1k $31.0k | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 759 $20.6k | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 695 $18.9k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 563 $15.3k | Added +82 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 477 $13.0k | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 473 $13.0k | Added +79 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 456 $12.4k | Added +454 |
| First Horizon Advisors, Inc. 0.00% of their portfolio | 425 $11.6k | Added +224 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 417 $11.3k | Unchanged |
| AMALGAMATED BANK 0.00% of their portfolio | 195 $5.0k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 195 $5.0k | Added +24 |
| Sterling Capital Management LLC 0.00% of their portfolio | 162 $4.4k | Added +63 |
| FMR LLC 0.00% of their portfolio | 154 $4.2k | Reduced -271 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 92 $2.5k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 68 $1.8k | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 63 $1.7k | Reduced -25 |
| Glen Eagle Advisors, LLC 0.00% of their portfolio | 50 $1.4k | Unchanged |
| HARBOR CAPITAL ADVISORS, INC. 0.00% of their portfolio | 47 $1.0k | Unchanged |
| Covestor Ltd 0.00% of their portfolio | 8 $0 | Reduced -1 |
| GAMMA Investing LLC 0.00% of their portfolio | 7 $190 | New |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 5 $136 | Added +2 |
| Essential Partners LLC 0.00% of their portfolio | 5 $136 | First filing |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 3 $82 | Added +1 |
| Allworth Financial LP 0.00% of their portfolio | 2 $55 | New |
| True Wealth Design, LLC 0.00% of their portfolio | 1 $28 | Reduced -4 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 0 $217 | New |