National Bankshares (NASDAQ:NKSH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of National Bankshares, Inc. (NASDAQ:NKSH) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.79 and traded as high as $29.27. National Bankshares shares last traded at $27.66, with a volume of 14,798 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bankshares in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.00.

National Bankshares Stock Down 3.4%

The firm has a market capitalization of $176.19 million, a PE ratio of 15.63 and a beta of 0.75. The firm’s 50 day moving average price is $29.77 and its two-hundred day moving average price is $27.79.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $1.06 earnings per share (EPS) for the quarter. The firm had revenue of $18.81 million for the quarter. National Bankshares had a net margin of 13.58% and a return on equity of 7.69%. On average, sell-side analysts anticipate that National Bankshares, Inc. will post 2.35 earnings per share for the current fiscal year.

Institutional Trading of National Bankshares

Institutional investors have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey acquired a new stake in National Bankshares in the second quarter valued at $35,000. State of Wyoming acquired a new stake in National Bankshares in the second quarter valued at $36,000. Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 1,396 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in National Bankshares by 23.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,953 shares of the bank’s stock valued at $79,000 after acquiring an additional 556 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in National Bankshares by 87.5% in the first quarter. Private Trust Co. NA now owns 7,500 shares of the bank’s stock valued at $200,000 after acquiring an additional 3,500 shares in the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

About National Bankshares

National Bankshares, Inc operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts.