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

Shares of National Bankshares, Inc. (NASDAQ:NKSH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $34.34 and traded as high as $37.91. National Bankshares shares last traded at $37.71, with a volume of 97,890 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen raised National Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Zacks Research raised National Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings raised National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

National Bankshares Price Performance

The firm has a fifty day simple moving average of $36.89 and a two-hundred day simple moving average of $34.34. The firm has a market capitalization of $238.62 million, a P/E ratio of 13.62 and a beta of 0.63.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.13. National Bankshares had a return on equity of 10.53% and a net margin of 20.39%.The business had revenue of $15.30 million during the quarter, compared to analyst estimates of $14.50 million. On average, research analysts anticipate that National Bankshares, Inc. will post 3.25 EPS for the current year.

Hedge Funds Weigh In On National Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in National Bankshares by 1.2% during the third quarter. Vanguard Group Inc. now owns 334,517 shares of the bank’s stock valued at $9,848,000 after purchasing an additional 3,876 shares during the period. Brandes Investment Partners LP grew its holdings in National Bankshares by 5.5% during the fourth quarter. Brandes Investment Partners LP now owns 244,505 shares of the bank’s stock valued at $8,198,000 after purchasing an additional 12,698 shares during the period. Fourthstone LLC lifted its position in shares of National Bankshares by 76.0% during the fourth quarter. Fourthstone LLC now owns 226,138 shares of the bank’s stock worth $7,582,000 after acquiring an additional 97,641 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of National Bankshares by 7.3% during the second quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock worth $4,197,000 after acquiring an additional 10,437 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of National Bankshares by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 134,276 shares of the bank’s stock worth $4,889,000 after acquiring an additional 8,320 shares in the last quarter. 29.73% of the stock is owned by institutional investors.

About National Bankshares

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.