National Bankshares (NASDAQ:NKSH) Share Price Crosses Above 200 Day Moving Average – What’s Next?

National Bankshares, Inc. (NASDAQ:NKSH) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.45 and traded as high as $38.46. National Bankshares shares last traded at $38.14, with a volume of 11,660 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen raised National Bankshares to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

National Bankshares Stock Up 0.2%

The firm’s 50-day simple moving average is $35.11 and its 200-day simple moving average is $31.52. The firm has a market capitalization of $243.40 million, a PE ratio of 15.41 and a beta of 0.72.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings data on Thursday, February 5th. The bank reported $0.92 EPS for the quarter, topping the consensus estimate of $0.68 by $0.24. The firm had revenue of $15.27 million for the quarter. National Bankshares had a return on equity of 9.78% and a net margin of 18.55%. On average, equities research analysts forecast that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NKSH. State of Wyoming increased its stake 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 worth $66,000 after buying an additional 302 shares during the period. Kingsview Wealth Management LLC grew its holdings in National Bankshares by 4.6% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,145 shares of the bank’s stock worth $249,000 after acquiring an additional 398 shares during the last quarter. Geode Capital Management LLC grew its holdings in National Bankshares by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 153,310 shares of the bank’s stock worth $5,143,000 after acquiring an additional 533 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of National Bankshares by 45.2% in the third 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. Finally, Barclays PLC raised its stake 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 acquiring an additional 1,006 shares during the last quarter. Institutional investors 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.