National Bankshares (NASDAQ:NKSH) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of National Bankshares, Inc. (NASDAQ:NKSH) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $37.82 and traded as high as $43.24. National Bankshares shares last traded at $42.83, with a volume of 25,387 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of National Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of National Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

National Bankshares Stock Up 1.8%

The stock has a market cap of $268.98 million, a PE ratio of 13.28 and a beta of 0.60. The stock has a 50-day moving average of $40.88 and a 200 day moving average of $37.85.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). National Bankshares had a net margin of 23.22% and a return on equity of 10.66%. The business had revenue of $15.68 million during the quarter, compared to analysts’ expectations of $15.65 million. On average, equities analysts anticipate that National Bankshares, Inc. will post 3.52 EPS for the current year.

Institutional Trading of National Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG acquired a new position in National Bankshares in the second quarter valued at approximately $224,000. Royal Bank of Canada boosted its holdings in National Bankshares by 44.7% during the first quarter. Royal Bank of Canada now owns 6,230 shares of the bank’s stock worth $227,000 after buying an additional 1,925 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in National Bankshares during the second quarter valued at $228,000. Kingsview Wealth Management LLC acquired a new position in shares of National Bankshares in the second quarter worth about $332,000. Finally, Bank of America Corp DE purchased a new stake in shares of National Bankshares during the 2nd quarter worth about $401,000. 29.73% of the stock is owned by institutional investors and hedge funds.

National Bankshares Company Profile

National Bankshares, Inc is a bank holding company headquartered in Blacksburg, Virginia. Its principal subsidiary, The National Bank of Blacksburg, provides community banking services to individuals, families, farmers and businesses.

The bank offers deposit accounts, residential and commercial real estate loans, consumer lending, business financing and other traditional banking products. Its services also include online and mobile banking, cash management, investment and wealth management services, and related financial solutions.

Founded in 1891, The National Bank of Blacksburg has a long history of serving communities in southwestern Virginia.