National Bankshares (NASDAQ:NKSH) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

National Bankshares, Inc. (NASDAQ:NKSH)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.64 and traded as high as $36.51. National Bankshares shares last traded at $36.21, with a volume of 9,623 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of National Bankshares to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings restated a “hold (c)” rating on shares of National Bankshares in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

National Bankshares Stock Up 0.6%

The firm has a 50-day moving average of $33.10 and a two-hundred day moving average of $30.69. The company has a market capitalization of $231.93 million, a PE ratio of 17.85 and a beta of 0.72.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Thursday, February 5th. The bank reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.24. National Bankshares had a net margin of 15.56% and a return on equity of 8.62%. The company had revenue of $15.27 million during the quarter. On average, equities research analysts expect that National Bankshares, Inc. will post 2.35 EPS for the current year.

National Bankshares Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 24th were issued a dividend of $0.78 per share. The ex-dividend date was Monday, November 24th. This represents a yield of 536.0%. National Bankshares’s dividend payout ratio is 76.47%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AdviceOne Advisory Services LLC purchased a new position in shares of National Bankshares during the fourth quarter worth about $218,000. Marotta Asset Management purchased a new stake in shares of National Bankshares in the fourth quarter valued at about $215,000. JPMorgan Chase & Co. boosted its stake in shares of National Bankshares by 37.6% during the third quarter. JPMorgan Chase & Co. now owns 6,493 shares of the bank’s stock worth $191,000 after buying an additional 1,774 shares during the period. Larson Financial Group LLC grew its holdings in shares of National Bankshares by 266.9% during the third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock worth $123,000 after buying an additional 3,043 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in National Bankshares by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock valued at $61,000 after acquiring an additional 643 shares during the period. Institutional investors and hedge funds own 29.73% of the company’s stock.

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.