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

Key Points

• National Bankshares missed quarterly expectations: Earnings per share came in at $0.86, $0.12 below consensus, while revenue of $16.42 million fell short of the $17.30 million estimate.
• Shares rose $1.46 to $45.50, near the company’s 52-week high of $45.65. National Bankshares has a $289.88 million market capitalization and a price-to-earnings ratio of 14.31.
• Analyst sentiment remains moderately positive, with one Buy and one Hold rating; Zacks recently downgraded the stock from Strong Buy to Hold, while Weiss Ratings raised its view from Buy (B-) to Buy (B).

National Bankshares (NASDAQ:NKSH - Get Free Report) posted its quarterly earnings data on Thursday. The bank reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.12), FiscalAI reports. National Bankshares had a return on equity of 10.66% and a net margin of 23.22%. The company had revenue of $16.42 million during the quarter, compared to the consensus estimate of $17.30 million.

National Bankshares Stock Performance

NKSH traded up $1.46 during trading hours on Thursday, reaching $45.50. The company's stock had a trading volume of 18,245 shares, compared to its average volume of 34,340. The company's 50-day moving average is $42.33 and its 200-day moving average is $38.73. The firm has a market cap of $289.88 million, a PE ratio of 14.31 and a beta of 0.60. National Bankshares has a 52 week low of $27.00 and a 52 week high of $45.65.

Analyst Ratings Changes

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

National Bankshares Company Profile

National Bankshares, Inc 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 deposit products, commercial and residential real estate loans, consumer loans and other lending services. Its banking services also include electronic banking options, such as online and mobile banking, along with cash-management and related financial services.

Founded in 1891, National Bankshares has a long history of serving communities in southwest Virginia.

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