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

National Bankshares, Inc. (NASDAQ:NKSH) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.02 and traded as high as $39.66. National Bankshares shares last traded at $38.94, with a volume of 19,512 shares.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of National Bankshares to a “hold” rating in a research note 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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

National Bankshares Price Performance

The firm has a 50-day moving average of $33.98 and a 200-day moving average of $31.02. The stock has a market cap of $248.05 million, a PE ratio of 19.09 and a beta of 0.72.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings results on Thursday, February 5th. The bank reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.24. National Bankshares had a return on equity of 8.62% and a net margin of 15.56%.The business had revenue of $15.27 million during the quarter. Equities analysts forecast that National Bankshares, Inc. will post 2.35 EPS for the current fiscal year.

National Bankshares Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 1st. Shareholders 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 of this dividend was Monday, November 24th. National Bankshares’s dividend payout ratio is 76.47%.

Hedge Funds Weigh In On National Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NKSH. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of National Bankshares during the 2nd quarter worth approximately $35,000. State of Wyoming purchased a new stake in National Bankshares during the second quarter valued at $36,000. Tower Research Capital LLC TRC lifted its position in National Bankshares by 398.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,396 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of National Bankshares by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock worth $61,000 after buying an additional 643 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of National Bankshares by 266.9% in the 3rd quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock worth $123,000 after buying an additional 3,043 shares during the last quarter. 29.73% of the stock is owned by 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.