National Bankshares (NASDAQ:NKSH) Posts Earnings Results, Beats Estimates By $0.13 EPS

National Bankshares (NASDAQ:NKSH) issued its earnings results on Thursday. The bank reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13, FiscalAI reports. The company had revenue of $15.30 million for the quarter, compared to the consensus estimate of $14.50 million. National Bankshares had a return on equity of 9.59% and a net margin of 18.55%.

National Bankshares Trading Up 0.4%

National Bankshares stock traded up $0.16 during mid-day trading on Friday, hitting $36.77. 5,066 shares of the company’s stock were exchanged, compared to its average volume of 32,755. The stock has a market cap of $234.24 million, a P/E ratio of 14.66 and a beta of 0.69. National Bankshares has a 1-year low of $24.74 and a 1-year high of $40.00. The stock has a 50 day moving average of $37.17 and a two-hundred day moving average of $33.85.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On National Bankshares

Several hedge funds have recently bought and sold shares of NKSH. Geode Capital Management LLC increased its position in National Bankshares by 7.3% during the second quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock worth $4,197,000 after buying an additional 10,437 shares during the last quarter. Tower Research Capital LLC TRC increased its position in 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 buying an additional 1,396 shares during the last quarter. State of Wyoming acquired a new stake in shares of National Bankshares in the second quarter valued at about $36,000. JPMorgan Chase & Co. grew its position in shares of National Bankshares by 37.6% in the third 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 last quarter. Finally, Vanguard Group Inc. grew its position in shares of National Bankshares by 1.2% in the third quarter. Vanguard Group Inc. now owns 334,517 shares of the bank’s stock valued at $9,848,000 after purchasing an additional 3,876 shares during the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

About National Bankshares

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.