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

National Bankshares, Inc. (NASDAQ:NKSH)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.47 and traded as high as $37.81. National Bankshares shares last traded at $37.28, with a volume of 17,754 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently weighed in on NKSH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 29th. Wall Street Zen raised shares of National Bankshares to a “hold” rating in a research note on Saturday, December 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, National Bankshares presently has an average rating of “Hold”.

National Bankshares Price Performance

The stock’s 50-day moving average is $36.33 and its 200 day moving average is $32.47. The stock has a market cap of $237.47 million, a price-to-earnings ratio of 15.03 and a beta of 0.70.

National Bankshares (NASDAQ:NKSH) last released its earnings results on Thursday, February 5th. The bank reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.24. The company had revenue of $15.27 million for the quarter. National Bankshares had a return on equity of 9.78% and a net margin of 18.55%. Analysts anticipate that National Bankshares, Inc. will post 2.35 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Fourthstone LLC grew its stake in shares of National Bankshares by 477.0% during the 2nd quarter. Fourthstone LLC now owns 84,006 shares of the bank’s stock worth $2,285,000 after purchasing an additional 69,447 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of National Bankshares in the 2nd quarter valued at about $35,000. Kingsview Wealth Management LLC lifted its stake in shares of National Bankshares by 4.6% in the second quarter. Kingsview Wealth Management LLC now owns 9,145 shares of the bank’s stock valued at $249,000 after purchasing an additional 398 shares during the period. AdviceOne Advisory Services LLC acquired a new stake in shares of National Bankshares in the fourth quarter valued at about $218,000. Finally, Marotta Asset Management purchased a new stake in National Bankshares during the fourth quarter worth about $215,000. Hedge funds and other institutional investors 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.