National Bankshares (NASDAQ:NKSH) Shares Pass Above 200-Day Moving Average – Time to Sell?

National Bankshares, Inc. (NASDAQ:NKSH) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $36.02 and traded as high as $37.45. National Bankshares shares last traded at $37.22, with a volume of 24,528 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on NKSH. Weiss Ratings cut National Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Zacks Research cut National Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Wall Street Zen upgraded National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

National Bankshares Stock Performance

The company’s 50 day moving average price is $35.79 and its two-hundred day moving average price is $36.04. The firm has a market cap of $232.82 million, a PE ratio of 13.29 and a beta of 0.62.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $0.78 EPS for the quarter, topping the consensus estimate of $0.65 by $0.13. The firm had revenue of $15.30 million during the quarter, compared to analyst estimates of $14.50 million. National Bankshares had a return on equity of 10.38% and a net margin of 20.39%. Equities research analysts expect that National Bankshares, Inc. will post 3.25 earnings per share for the current fiscal year.

National Bankshares Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 26th were given a $0.75 dividend. The ex-dividend date was Tuesday, May 26th. This represents a yield of 427.0%. National Bankshares’s dividend payout ratio is presently 54.55%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of National Bankshares by 44.7% during the 1st quarter. Royal Bank of Canada now owns 6,230 shares of the bank’s stock valued at $227,000 after acquiring an additional 1,925 shares during the period. Renaissance Technologies LLC lifted its holdings in National Bankshares by 17.5% during the first quarter. Renaissance Technologies LLC now owns 28,980 shares of the bank’s stock valued at $1,055,000 after purchasing an additional 4,310 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in National Bankshares by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 134,276 shares of the bank’s stock valued at $4,889,000 after purchasing an additional 8,320 shares in the last quarter. Hsbc Holdings PLC purchased a new position in National Bankshares during the first quarter valued at approximately $257,000. Finally, Lombard Odier Asset Management Switzerland SA bought a new position in shares of National Bankshares in the fourth quarter worth approximately $4,034,000. 29.73% of the stock is owned by hedge funds and other institutional investors.

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.