National Bankshares (NASDAQ:NKSH) Stock Passes Above 200 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 Tuesday . The stock has a two hundred day moving average of $35.77 and traded as high as $36.81. National Bankshares shares last traded at $36.66, with a volume of 19,159 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NKSH. Weiss Ratings raised shares of National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Zacks Research upgraded shares of National Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen raised shares of National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, National Bankshares presently has a consensus rating of “Strong Buy”.

National Bankshares Stock Up 2.6%

The company has a fifty day simple moving average of $35.86 and a 200 day simple moving average of $35.77. The firm has a market capitalization of $233.52 million, a P/E ratio of 13.33 and a beta of 0.62.

National Bankshares (NASDAQ:NKSH) last released 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 firm had revenue of $15.30 million for the quarter, compared to analysts’ expectations of $14.50 million. As a group, equities analysts expect that National Bankshares, Inc. will post 3.25 earnings per share for the current fiscal year.

National Bankshares Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State of Wyoming increased its holdings in shares of National Bankshares by 18.2% in the 4th quarter. State of Wyoming now owns 1,965 shares of the bank’s stock worth $66,000 after purchasing an additional 302 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of National Bankshares by 0.3% during the fourth 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 in the last quarter. BNP Paribas Financial Markets lifted its holdings 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. Barclays PLC lifted its holdings in shares of National Bankshares by 10.7% during the fourth quarter. Barclays PLC now owns 10,425 shares of the bank’s stock valued at $350,000 after purchasing an additional 1,006 shares in the last quarter. Finally, State Street Corp boosted its position in shares of National Bankshares by 1.7% during the fourth quarter. State Street Corp now owns 82,364 shares of the bank’s stock valued at $2,762,000 after buying an additional 1,364 shares during the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.

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.