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

National Bankshares, Inc. (NASDAQ:NKSH) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.64 and traded as high as $36.51. National Bankshares shares last traded at $36.21, with a volume of 9,623 shares trading hands.

Analyst Upgrades and Downgrades

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

National Bankshares Stock Up 0.8%

The firm has a market capitalization of $230.66 million, a P/E ratio of 17.75 and a beta of 0.72. The company has a fifty day simple moving average of $32.98 and a 200 day simple moving average of $30.64.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.24. The firm had revenue of $15.27 million during the quarter. National Bankshares had a return on equity of 8.62% and a net margin of 15.56%. As a group, equities analysts expect that National Bankshares, Inc. will post 2.35 earnings per share for the current fiscal year.

National Bankshares Dividend Announcement

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

Hedge Funds Weigh In On National Bankshares

A number of hedge funds have recently added to or reduced their stakes in NKSH. State of Wyoming boosted its stake in National Bankshares by 26.4% during the 3rd quarter. State of Wyoming now owns 1,663 shares of the bank’s stock valued at $49,000 after purchasing an additional 347 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of National Bankshares by 4.6% during the second quarter. Kingsview Wealth Management LLC now owns 9,145 shares of the bank’s stock valued at $249,000 after buying an additional 398 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of 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 buying an additional 643 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in National Bankshares in the 2nd quarter worth about $35,000. Finally, Tower Research Capital LLC TRC lifted its stake in National Bankshares by 398.9% during the 2nd 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 period. 29.73% of the stock is currently owned by hedge funds and other institutional investors.

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.