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

Shares of National Bankshares, Inc. (NASDAQ:NKSH) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.60 and traded as high as $33.99. National Bankshares shares last traded at $33.67, with a volume of 8,354 shares.

Analysts Set New Price Targets

Several research firms recently commented on NKSH. Wall Street Zen upgraded National Bankshares to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings restated a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, National Bankshares presently has an average rating of “Hold”.

National Bankshares Price Performance

The firm has a market cap of $214.48 million, a P/E ratio of 16.50 and a beta of 0.73. The firm’s 50-day moving average price is $30.58 and its 200 day moving average price is $29.60.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $1.06 earnings per share for the quarter. National Bankshares had a return on equity of 8.62% and a net margin of 15.56%.The firm had revenue of $18.81 million during the quarter. Analysts forecast that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

National Bankshares Dividend Announcement

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

Hedge Funds Weigh In On National Bankshares

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of National Bankshares by 1.2% in 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 last quarter. Geode Capital Management LLC raised its stake in 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 during the period. Dimensional Fund Advisors LP raised its stake in National Bankshares by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 122,055 shares of the bank’s stock worth $3,593,000 after acquiring an additional 2,492 shares during the period. Fourthstone LLC lifted its holdings in National Bankshares by 477.0% in the second quarter. Fourthstone LLC now owns 84,006 shares of the bank’s stock worth $2,285,000 after acquiring an additional 69,447 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in National Bankshares by 7.6% in the first quarter. Acadian Asset Management LLC now owns 36,623 shares of the bank’s stock valued at $974,000 after acquiring an additional 2,592 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.