National Bankshares (NASDAQ:NKSH) Announces Earnings Results

National Bankshares (NASDAQ:NKSH) released its earnings results on Thursday. The bank reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.24, FiscalAI reports. The firm had revenue of $15.27 million during the quarter. National Bankshares had a net margin of 15.56% and a return on equity of 8.62%.

National Bankshares Price Performance

National Bankshares stock opened at $36.11 on Friday. The firm has a 50-day moving average of $32.39 and a 200-day moving average of $30.46. The company has a market cap of $230.02 million, a price-to-earnings ratio of 17.70 and a beta of 0.72. National Bankshares has a one year low of $23.75 and a one year high of $36.53.

National Bankshares Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NKSH shares. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 29th. Wall Street Zen raised National Bankshares to a “hold” rating in a research note on Saturday, December 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, National Bankshares currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NKSH. Larson Financial Group LLC grew its stake in shares of National Bankshares by 266.9% in the third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock valued at $123,000 after buying an additional 3,043 shares in the last quarter. BNP Paribas Financial Markets grew its position 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 valued at $61,000 after acquiring an additional 643 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of National Bankshares by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 122,055 shares of the bank’s stock worth $3,593,000 after purchasing an additional 2,492 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of National Bankshares by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 334,517 shares of the bank’s stock worth $9,848,000 after purchasing an additional 3,876 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of National Bankshares by 37.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,493 shares of the bank’s stock valued at $191,000 after purchasing an additional 1,774 shares during the period. 29.73% of the stock is currently owned by institutional investors.

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.