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

National Bankshares, Inc. (NASDAQ:NKSH)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $35.02 and traded as high as $35.21. National Bankshares shares last traded at $35.21, with a volume of 10,383 shares trading hands.

Analysts Set New Price Targets

NKSH has been the subject of several research analyst reports. Weiss Ratings lowered National Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Wall Street Zen upgraded National Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Zacks Research upgraded National Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

National Bankshares Stock Up 0.5%

The business has a 50-day moving average price of $36.24 and a 200-day moving average price of $35.02. The company has a market capitalization of $224.29 million, a price-to-earnings ratio of 12.80 and a beta of 0.63.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Thursday, April 23rd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. The company had revenue of $15.30 million for the quarter, compared to analyst estimates of $14.50 million. National Bankshares had a return on equity of 10.38% and a net margin of 20.39%. As a group, sell-side analysts predict that National Bankshares, Inc. will post 3.25 EPS for the current year.

National Bankshares Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 26th will be given a dividend of $0.75 per share. This represents a yield of 427.0%. The ex-dividend date of this dividend is Tuesday, May 26th. National Bankshares’s payout ratio is presently 54.55%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NKSH. Fourthstone LLC raised its position in National Bankshares by 76.0% during the fourth quarter. Fourthstone LLC now owns 226,138 shares of the bank’s stock valued at $7,582,000 after buying an additional 97,641 shares during the period. Lombard Odier Asset Management Switzerland SA acquired a new position in National Bankshares during the fourth quarter valued at $4,034,000. Brandes Investment Partners LP raised its position in National Bankshares by 5.5% during the fourth quarter. Brandes Investment Partners LP now owns 244,505 shares of the bank’s stock valued at $8,198,000 after buying an additional 12,698 shares during the period. Geode Capital Management LLC raised its position in National Bankshares by 7.3% during the second quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock valued at $4,197,000 after buying an additional 10,437 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in National Bankshares by 54.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,853 shares of the bank’s stock valued at $934,000 after buying an additional 9,803 shares during the period. 29.73% of the stock is owned by institutional investors and hedge funds.

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.