National Bankshares (NASDAQ:NKSH) Issues Quarterly Earnings Results, Misses Expectations By $0.12 EPS

National Bankshares (NASDAQ:NKSH) posted its quarterly earnings results on Thursday. The bank reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.12), FiscalAI reports. National Bankshares had a net margin of 24.08% and a return on equity of 11.09%. The company had revenue of $16.42 million during the quarter, compared to the consensus estimate of $17.30 million.

National Bankshares Stock Performance

Shares of NASDAQ:NKSH traded down $5.02 during midday trading on Friday, hitting $40.48. 38,325 shares of the stock were exchanged, compared to its average volume of 27,966. National Bankshares has a 52-week low of $27.00 and a 52-week high of $45.99. The business’s fifty day simple moving average is $42.34 and its two-hundred day simple moving average is $38.81. The company has a market capitalization of $257.86 million, a PE ratio of 12.08 and a beta of 0.60.

Analyst Ratings Changes

NKSH has been the subject of several research reports. Weiss Ratings raised National Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Zacks Research lowered National Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, National Bankshares currently has a consensus rating of “Moderate Buy”.

About National Bankshares

National Bankshares, Inc (NASDAQ:NKSH) is a bank holding company headquartered in Blacksburg, Virginia. Through its principal subsidiary, The National Bank of Blacksburg, the company provides community banking services to individuals, families, businesses and organizations.

The bank offers a range of financial products, including deposit accounts, residential and commercial real estate loans, consumer loans, business financing and other credit services. Its services also include online and mobile banking, cash management and related financial solutions designed for personal and commercial customers.

The National Bank of Blacksburg was founded in 1891 and has historically focused on communities in southwestern Virginia, including the New River Valley and surrounding markets.