National Bankshares (NASDAQ:NKSH) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

National Bankshares, Inc. (NASDAQ:NKSH)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.02 and traded as high as $39.66. National Bankshares shares last traded at $38.94, with a volume of 19,512 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NKSH shares. Weiss Ratings reissued a “hold (c)” rating on shares of National Bankshares in a research note on Monday, December 29th. Wall Street Zen raised National Bankshares to a “hold” rating in a research note on Saturday, December 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

National Bankshares Stock Up 1.2%

The firm has a 50-day moving average of $33.98 and a 200 day moving average of $31.03. The stock has a market capitalization of $247.89 million, a P/E ratio of 15.70 and a beta of 0.72.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings data on Thursday, February 5th. The bank reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.24. National Bankshares had a net margin of 15.56% and a return on equity of 8.62%. The company had revenue of $15.27 million during the quarter. Analysts predict that National Bankshares, Inc. will post 2.35 EPS for the current fiscal year.

National Bankshares Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 24th were paid a $0.78 dividend. This represents a dividend yield of 536.0%. The ex-dividend date was Monday, November 24th. National Bankshares’s dividend payout ratio is currently 62.90%.

Institutional Investors Weigh In On National Bankshares

Hedge funds have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in National Bankshares during the 2nd quarter worth approximately $35,000. State of Wyoming acquired a new stake in shares of National Bankshares in the 2nd quarter valued at about $36,000. Tower Research Capital LLC TRC lifted its holdings in shares of National Bankshares by 398.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,396 shares in the last quarter. BNP Paribas Financial Markets raised its position in National Bankshares by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock valued at $61,000 after buying an additional 643 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of National Bankshares by 266.9% in the third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock valued at $123,000 after purchasing an additional 3,043 shares during the last quarter. Institutional investors own 29.73% of the company’s stock.

National Bankshares Company Profile

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.