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

National Bankshares, Inc. (NASDAQ:NKSH) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.18 and traded as high as $33.94. National Bankshares shares last traded at $33.85, with a volume of 10,834 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NKSH. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 29th. Wall Street Zen raised National Bankshares to a “hold” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

National Bankshares Trading Up 0.7%

The business has a 50 day simple moving average of $31.69 and a two-hundred day simple moving average of $30.18. The company has a market cap of $215.62 million, a PE ratio of 16.59 and a beta of 0.72.

National Bankshares (NASDAQ:NKSH) last released its earnings results on Thursday, October 23rd. The bank reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. National Bankshares had a return on equity of 8.62% and a net margin of 15.56%.The firm had revenue of $14.21 million during the quarter, compared to analyst estimates of $13.87 million. On average, equities research analysts expect that National Bankshares, Inc. will post 2.35 earnings per share for the current fiscal year.

National Bankshares Dividend Announcement

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

Hedge Funds Weigh In On National Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of National Bankshares in the 2nd quarter valued at $35,000. State of Wyoming acquired a new position in National Bankshares in the second quarter valued at $36,000. Tower Research Capital LLC TRC boosted 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 during the last quarter. BNP Paribas Financial Markets grew its position in National Bankshares by 45.2% during the third quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock valued at $61,000 after acquiring an additional 643 shares during the period. Finally, Larson Financial Group LLC increased its stake in National Bankshares by 266.9% during the third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock worth $123,000 after acquiring an additional 3,043 shares during the last quarter. Institutional investors and hedge funds own 29.73% of the company’s stock.

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.