National Bankshares, Inc. (NASDAQ:NKSH – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.77 and traded as high as $36.81. National Bankshares shares last traded at $36.66, with a volume of 19,159 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on NKSH. Wall Street Zen raised shares of National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings cut National Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Zacks Research raised National Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, National Bankshares presently has a consensus rating of “Buy”.
Check Out Our Latest Stock Analysis on NKSH
National Bankshares Price Performance
National Bankshares (NASDAQ:NKSH – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.65 by $0.13. National Bankshares had a net margin of 20.39% and a return on equity of 10.38%. The firm had revenue of $15.30 million during the quarter, compared to the consensus estimate of $14.50 million. Equities 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 announced a dividend, which was paid on Monday, June 1st. Stockholders 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 dividend yield of 427.0%. National Bankshares’s dividend payout ratio is 54.55%.
Hedge Funds Weigh In On National Bankshares
Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming lifted its position in National Bankshares by 18.2% during 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 during the period. Geode Capital Management LLC increased its holdings in shares of National Bankshares by 0.3% in 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 during the period. BNP Paribas Financial Markets increased its holdings in shares of National Bankshares by 45.2% in 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 during the period. Barclays PLC raised its stake in shares of 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 raised its stake 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. Institutional investors and hedge funds own 29.73% of the company’s stock.
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.
See Also
- Five stocks we like better than National Bankshares
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
Receive News & Ratings for National Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.
