National Bankshares (NASDAQ:NKSH) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of National Bankshares, Inc. (NASDAQ:NKSH) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $35.52 and traded as high as $36.70. National Bankshares shares last traded at $35.78, with a volume of 16,630 shares trading hands.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Zacks Research upgraded shares of National Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

National Bankshares Trading Down 1.5%

The stock’s fifty day moving average is $36.02 and its two-hundred day moving average is $35.52. The company has a market capitalization of $227.92 million, a PE ratio of 13.01 and a beta of 0.62.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $0.78 earnings per share 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 the consensus estimate of $14.50 million. National Bankshares had a net margin of 20.39% and a return on equity of 10.38%. As a group, analysts anticipate that National Bankshares, Inc. will post 3.25 EPS for the current fiscal year.

National Bankshares Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 26th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, May 26th. This represents a dividend yield of 427.0%. National Bankshares’s dividend payout ratio is currently 54.55%.

Institutional Investors Weigh In On National Bankshares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of National Bankshares by 7.3% in the second quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock worth $4,197,000 after purchasing an additional 10,437 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of National Bankshares by 398.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock worth $47,000 after purchasing an additional 1,396 shares during the last quarter. State of Wyoming bought a new position in shares of National Bankshares in the second quarter worth approximately $36,000. JPMorgan Chase & Co. increased its position in shares of National Bankshares by 37.6% in the third quarter. JPMorgan Chase & Co. now owns 6,493 shares of the bank’s stock worth $191,000 after purchasing an additional 1,774 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of National Bankshares by 1.2% in the third quarter. Vanguard Group Inc. now owns 334,517 shares of the bank’s stock worth $9,848,000 after purchasing an additional 3,876 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.