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

National Bankshares, Inc. (NASDAQ:NKSH) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.34 and traded as high as $37.91. National Bankshares shares last traded at $37.71, with a volume of 97,890 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings upgraded shares of National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 7th. Finally, Zacks Research upgraded shares of National Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, National Bankshares has an average rating of “Strong Buy”.

National Bankshares Stock Performance

The stock has a market cap of $240.21 million, a P/E ratio of 13.71 and a beta of 0.63. The company’s 50 day moving average price is $36.89 and its 200-day moving average price is $34.34.

National Bankshares (NASDAQ:NKSH) last posted its earnings results on Thursday, April 23rd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.13. National Bankshares had a net margin of 20.39% and a return on equity of 10.53%. The firm had revenue of $15.30 million during the quarter, compared to analyst estimates of $14.50 million. On average, analysts forecast that National Bankshares, Inc. will post 3.25 earnings per share for the current fiscal year.

Institutional Trading of National Bankshares

Several institutional investors have recently made changes to their positions in NKSH. State of Wyoming bought a new stake in shares of National Bankshares in the 2nd quarter worth $36,000. Tower Research Capital LLC TRC grew its stake in shares of National Bankshares by 398.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock worth $47,000 after acquiring an additional 1,396 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of National Bankshares by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock worth $61,000 after acquiring an additional 643 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of National Bankshares by 266.9% in the 3rd quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock worth $123,000 after acquiring an additional 3,043 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of National Bankshares by 209.9% in the 4th quarter. Royal Bank of Canada now owns 4,305 shares of the bank’s stock worth $144,000 after acquiring an additional 2,916 shares in the last quarter. Institutional investors 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.