National Bankshares (NASDAQ:NKSH) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

National Bankshares (NASDAQ:NKSH) issued its quarterly earnings results on Thursday. The bank reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.24, FiscalAI reports. The company had revenue of $15.27 million during the quarter. National Bankshares had a net margin of 15.56% and a return on equity of 8.62%.

National Bankshares Price Performance

Shares of National Bankshares stock traded up $0.33 on Thursday, hitting $35.94. 12,396 shares of the company’s stock traded hands, compared to its average volume of 14,799. The firm’s 50-day moving average price is $32.15 and its two-hundred day moving average price is $30.37. The stock has a market capitalization of $228.94 million, a PE ratio of 17.62 and a beta of 0.72. National Bankshares has a one year low of $23.75 and a one year high of $36.40.

National Bankshares Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 24th were given a dividend of $0.78 per share. The ex-dividend date was Monday, November 24th. This represents a dividend yield of 536.0%. National Bankshares’s payout ratio is presently 76.47%.

Analyst Upgrades and Downgrades

NKSH has been the topic of several research analyst reports. Wall Street Zen raised National Bankshares to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, National Bankshares has a consensus rating of “Hold”.

Hedge Funds Weigh In On National Bankshares

Several hedge funds have recently added to or reduced their stakes in NKSH. Geode Capital Management LLC raised its position in shares of National Bankshares by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock valued at $4,197,000 after acquiring an additional 10,437 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of National Bankshares by 398.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock worth $47,000 after purchasing an additional 1,396 shares in the last quarter. State of Wyoming acquired a new position in shares of National Bankshares in the 2nd quarter valued at $36,000. JPMorgan Chase & Co. increased its position in shares of National Bankshares by 37.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,493 shares of the bank’s stock valued at $191,000 after buying an additional 1,774 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in National Bankshares by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 334,517 shares of the bank’s stock worth $9,848,000 after buying an additional 3,876 shares during the period. Institutional investors and hedge funds 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.