National Bankshares (NASDAQ:NKSH) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

National Bankshares (NASDAQ:NKSH) released its quarterly earnings results on Thursday. The bank reported $0.86 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.12), FiscalAI reports. The firm had revenue of $16.42 million for the quarter, compared to analysts’ expectations of $17.30 million. National Bankshares had a return on equity of 10.66% and a net margin of 23.22%.

National Bankshares Stock Up 3.3%

Shares of National Bankshares stock traded up $1.46 on Thursday, hitting $45.50. The company’s stock had a trading volume of 18,245 shares, compared to its average volume of 34,340. The firm has a fifty day moving average price of $42.33 and a 200-day moving average price of $38.73. The company has a market capitalization of $289.88 million, a P/E ratio of 14.31 and a beta of 0.60. National Bankshares has a 52-week low of $27.00 and a 52-week high of $45.65.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Zacks Research lowered National Bankshares from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Weiss Ratings raised shares of National Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

National Bankshares Company Profile

National Bankshares, Inc is a bank holding company headquartered in Blacksburg, Virginia. Through its principal subsidiary, The National Bank of Blacksburg, the company provides community banking services to individuals, families, businesses and organizations.

The bank offers a range of deposit products, commercial and residential real estate loans, consumer loans and other lending services. Its banking services also include electronic banking options, such as online and mobile banking, along with cash-management and related financial services.

Founded in 1891, National Bankshares has a long history of serving communities in southwest Virginia.