National Bankshares (NASDAQ:NKSH) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

National Bankshares (NASDAQ:NKSH) announced its earnings results on Thursday. The bank reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.01), Zacks reports. The company had revenue of $15.70 million for the quarter, compared to the consensus estimate of $15.65 million. National Bankshares had a return on equity of 10.38% and a net margin of 20.39%.

National Bankshares Stock Up 2.4%

NKSH stock traded up $0.88 during mid-day trading on Friday, reaching $36.76. 1,351 shares of the company traded hands, compared to its average volume of 33,656. The firm’s 50 day moving average price is $35.83 and its 200 day moving average price is $36.30. The stock has a market cap of $234.13 million, a price-to-earnings ratio of 13.37 and a beta of 0.62. National Bankshares has a fifty-two week low of $27.00 and a fifty-two week high of $40.00.

National Bankshares Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen raised National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Zacks Research cut shares of National Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Weiss Ratings upgraded National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, National Bankshares has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. State of Wyoming grew its stake in shares of National Bankshares by 18.2% in the 4th quarter. State of Wyoming now owns 1,965 shares of the bank’s stock worth $66,000 after acquiring an additional 302 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of National Bankshares by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 153,310 shares of the bank’s stock valued at $5,143,000 after purchasing an additional 533 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of National Bankshares by 45.2% during the third quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock valued at $61,000 after purchasing an additional 643 shares in the last quarter. Barclays PLC boosted its holdings in National Bankshares by 10.7% during the fourth quarter. Barclays PLC now owns 10,425 shares of the bank’s stock worth $350,000 after purchasing an additional 1,006 shares during the last quarter. Finally, State Street Corp boosted its holdings in National Bankshares by 1.7% during the fourth quarter. State Street Corp now owns 82,364 shares of the bank’s stock worth $2,762,000 after purchasing an additional 1,364 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.