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

National Bankshares, Inc. (NASDAQ:NKSH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $32.72 and traded as high as $37.70. National Bankshares shares last traded at $36.53, with a volume of 21,273 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of National Bankshares to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, National Bankshares currently has an average rating of “Hold”.

National Bankshares Stock Down 3.2%

The company has a fifty day simple moving average of $36.83 and a 200-day simple moving average of $32.72. The firm has a market cap of $232.70 million, a P/E ratio of 14.73 and a beta of 0.70.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.92 EPS for the quarter, topping the consensus estimate of $0.68 by $0.24. National Bankshares had a return on equity of 9.78% and a net margin of 18.55%.The firm had revenue of $15.27 million for the quarter. As a group, research analysts forecast that National Bankshares, Inc. will post 2.35 EPS for the current year.

Hedge Funds Weigh In On National Bankshares

Several large investors have recently added to or reduced their stakes in NKSH. State of Wyoming boosted its position in shares of National Bankshares by 18.2% in the fourth quarter. State of Wyoming now owns 1,965 shares of the bank’s stock worth $66,000 after purchasing an additional 302 shares during the period. Kingsview Wealth Management LLC raised its position in shares of National Bankshares by 4.6% during the 2nd 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. Geode Capital Management LLC raised its position in shares of National Bankshares by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 153,310 shares of the bank’s stock valued at $5,143,000 after purchasing an additional 533 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of National Bankshares by 45.2% during the 3rd 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 in the last quarter. Finally, Barclays PLC lifted its stake in shares of National Bankshares by 10.7% during the 4th quarter. Barclays PLC now owns 10,425 shares of the bank’s stock valued at $350,000 after buying an additional 1,006 shares in the last quarter. 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.