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

National Bankshares, Inc. (NASDAQ:NKSH)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.52 and traded as high as $36.70. National Bankshares shares last traded at $35.78, with a volume of 16,630 shares changing hands.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Zacks Research raised shares of National Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Weiss Ratings raised shares of National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, Wall Street Zen raised shares of National Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

National Bankshares Price Performance

The stock has a market cap of $222.95 million, a price-to-earnings ratio of 12.73 and a beta of 0.62. The business’s 50-day simple moving average is $35.97 and its two-hundred day simple moving average is $35.60.

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

National Bankshares Announces Dividend

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

Hedge Funds Weigh In On National Bankshares

A number of hedge funds have recently modified their holdings of NKSH. State of Wyoming acquired a new position in shares of National Bankshares during the second quarter worth $36,000. Tower Research Capital LLC TRC lifted its holdings in shares of National Bankshares by 398.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock worth $47,000 after purchasing an additional 1,396 shares during the period. BNP Paribas Financial Markets lifted its holdings 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 worth $61,000 after purchasing an additional 643 shares during the period. Larson Financial Group LLC lifted its holdings in shares of National Bankshares by 266.9% during the third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock worth $123,000 after purchasing an additional 3,043 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of National Bankshares by 209.9% during the fourth quarter. Royal Bank of Canada now owns 4,305 shares of the bank’s stock worth $144,000 after purchasing an additional 2,916 shares during the period. Institutional investors and hedge funds 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.