National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $29.39 and traded as high as $33.34. National Bankshares shares last traded at $32.31, with a volume of 10,500 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, TheStreet raised National Bankshares from a "c+" rating to a "b-" rating in a research report on Friday, December 15th.
Read Our Latest Analysis on National Bankshares
National Bankshares Stock Performance
The company has a 50 day simple moving average of $32.26 and a two-hundred day simple moving average of $29.41. The firm has a market cap of $188.77 million, a PE ratio of 12.05 and a beta of 0.52.
National Bankshares (NASDAQ:NKSH - Get Free Report) last posted its quarterly earnings results on Tuesday, March 19th. The bank reported $0.71 earnings per share for the quarter. The business had revenue of $10.73 million for the quarter, compared to the consensus estimate of $11.11 million. National Bankshares had a return on equity of 12.16% and a net margin of 23.01%. As a group, research analysts predict that National Bankshares, Inc. will post 1.95 earnings per share for the current fiscal year.
Institutional Trading of National Bankshares
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of National Bankshares by 198.0% in the second quarter. BlackRock Inc. now owns 368,240 shares of the bank's stock worth $10,749,000 after buying an additional 244,683 shares during the last quarter. Vanguard Group Inc. raised its holdings in National Bankshares by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 312,156 shares of the bank's stock worth $10,098,000 after purchasing an additional 2,430 shares during the period. Brandes Investment Partners LP raised its holdings in National Bankshares by 88.8% in the 3rd quarter. Brandes Investment Partners LP now owns 201,260 shares of the bank's stock worth $5,040,000 after purchasing an additional 94,636 shares during the period. rhino investment partners Inc acquired a new position in National Bankshares in the 4th quarter worth about $5,597,000. Finally, Geode Capital Management LLC raised its holdings in National Bankshares by 101.7% in the 2nd quarter. Geode Capital Management LLC now owns 114,999 shares of the bank's stock worth $3,357,000 after purchasing an additional 57,989 shares during the period. Hedge funds and other institutional investors own 29.73% of the company's stock.
About National Bankshares
(
Get Free Report)
National Bankshares, Inc operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts.
Further Reading
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