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

National Bankshares, Inc. (NASDAQ:NKSH) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.02 and traded as high as $37.45. National Bankshares shares last traded at $37.22, with a volume of 24,528 shares.

Wall Street Analyst Weigh In

Several research firms have weighed in on NKSH. Weiss Ratings downgraded National Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Zacks Research downgraded shares of National Bankshares from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, Wall Street Zen raised shares of National Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

National Bankshares Price Performance

The stock has a 50-day moving average price of $35.81 and a two-hundred day moving average price of $36.02. The stock has a market cap of $237.09 million, a PE ratio of 13.53 and a beta of 0.61.

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

National Bankshares Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 26th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a yield of 427.0%. National Bankshares’s payout ratio is presently 54.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NKSH. State of Wyoming purchased a new position in shares of National Bankshares in the second quarter valued at $36,000. Tower Research Capital LLC TRC raised its stake 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 in the last quarter. BNP Paribas Financial Markets raised its stake in 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. Larson Financial Group LLC raised its stake in National Bankshares by 266.9% during the third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock valued at $123,000 after purchasing an additional 3,043 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in National Bankshares by 209.9% during the fourth quarter. Royal Bank of Canada now owns 4,305 shares of the bank’s stock valued at $144,000 after purchasing an additional 2,916 shares during the last quarter. 29.73% of the stock is currently 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.