National Bankshares (NASDAQ:NKSH) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

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 $33.48 and traded as high as $37.42. National Bankshares shares last traded at $37.10, with a volume of 70,898 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NKSH shares. Weiss Ratings raised National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

National Bankshares Stock Down 0.0%

The firm has a market cap of $236.03 million, a price-to-earnings ratio of 14.94 and a beta of 0.69. The business has a 50 day moving average of $37.33 and a 200 day moving average of $33.53.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Thursday, January 22nd. The bank reported $0.92 earnings per share for the quarter. The firm had revenue of $15.27 million during the quarter. National Bankshares had a net margin of 18.55% and a return on equity of 9.59%. Research analysts predict that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

Hedge Funds Weigh In On National Bankshares

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming boosted its position in National Bankshares by 18.2% during the fourth quarter. State of Wyoming now owns 1,965 shares of the bank’s stock worth $66,000 after acquiring an additional 302 shares during the last quarter. Geode Capital Management LLC raised its holdings in National Bankshares by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 153,310 shares of the bank’s stock valued at $5,143,000 after acquiring an additional 533 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of National Bankshares by 45.2% during the 3rd 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. Barclays PLC lifted its stake in shares of National Bankshares by 10.7% during the 4th 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 period. Finally, State Street Corp boosted its holdings in shares of 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. Hedge funds and other 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.