National Bankshares (NASDAQ:NKSH) Stock Price Crosses 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 $36.15 and traded as high as $36.50. National Bankshares shares last traded at $36.12, with a volume of 77,278 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on NKSH. Zacks Research cut shares of National Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings upgraded shares of National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, National Bankshares currently has a consensus rating of “Moderate Buy”.

National Bankshares Stock Performance

The business has a fifty day simple moving average of $35.76 and a 200 day simple moving average of $36.15. The stock has a market cap of $230.08 million, a price-to-earnings ratio of 13.13 and a beta of 0.62.

National Bankshares (NASDAQ:NKSH) last released 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. 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 during the quarter, compared to analysts’ expectations of $14.50 million. On average, equities research analysts anticipate that National Bankshares, Inc. will post 3.25 EPS for the current fiscal year.

National Bankshares Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State of Wyoming grew 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 valued at $66,000 after purchasing an additional 302 shares during the period. Geode Capital Management LLC lifted its position in National Bankshares by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 153,310 shares of the bank’s stock worth $5,143,000 after buying an additional 533 shares during the period. BNP Paribas Financial Markets lifted its position in National Bankshares by 45.2% during the third quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock worth $61,000 after buying an additional 643 shares during the period. Barclays PLC boosted its stake in National Bankshares by 10.7% in the 4th quarter. Barclays PLC now owns 10,425 shares of the bank’s stock worth $350,000 after buying an additional 1,006 shares during the last quarter. Finally, State Street Corp boosted its stake in National Bankshares by 1.7% in the 4th quarter. State Street Corp now owns 82,364 shares of the bank’s stock worth $2,762,000 after buying an additional 1,364 shares during the last quarter. Institutional investors and hedge funds 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.