National Bankshares (NASDAQ:NKSH) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of National Bankshares, Inc. (NASDAQ:NKSH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NKSH. Wall Street Zen upgraded National Bankshares to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, National Bankshares has an average rating of “Hold”.

National Bankshares Trading Up 0.8%

The stock has a 50 day simple moving average of $32.98 and a 200-day simple moving average of $30.64. The firm has a market cap of $230.66 million, a PE ratio of 17.75 and a beta of 0.72.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $0.92 EPS for the quarter, beating 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 for the quarter. On average, equities research analysts expect that National Bankshares, Inc. will post 2.35 EPS for the current year.

National Bankshares Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 24th were paid a $0.78 dividend. This represents a 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

Hedge funds have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey purchased a new position in National Bankshares during the second quarter valued at $35,000. State of Wyoming bought a new position in shares of National Bankshares during the 2nd quarter valued at about $36,000. Tower Research Capital LLC TRC boosted its holdings in shares of 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 purchasing an additional 1,396 shares during the last quarter. BNP Paribas Financial Markets grew 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 purchasing 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 third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock worth $123,000 after purchasing an additional 3,043 shares during the last quarter. Hedge funds and other institutional investors 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.