National Bankshares (NASDAQ:NKSH) Shares Pass Above 200-Day Moving Average - Here's Why

Key Points

• National Bankshares, Inc. shares have surpassed their 200-day moving average of $27.48, reaching a high of $30.28 during trading.
• The bank reported a net margin of 13.58% and earnings per share of $0.61 for the last quarter, missing analysts' expectations of $0.64.
• Institutional investors now own approximately 29.73% of National Bankshares stock, with significant stakes acquired by various funds recently.

National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.48 and traded as high as $30.28. National Bankshares shares last traded at $29.81, with a volume of 26,764 shares changing hands.

National Bankshares Price Performance

The stock has a market cap of $189.89 million, a PE ratio of 16.84 and a beta of 0.75. The stock has a 50-day moving average price of $29.46 and a two-hundred day moving average price of $27.48.

National Bankshares (NASDAQ:NKSH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The bank reported $0.61 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.03). National Bankshares had a net margin of 13.58% and a return on equity of 7.69%. The business had revenue of $15.98 million during the quarter. Equities research analysts expect that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

Institutional Trading of National Bankshares

Several institutional investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of National Bankshares during the second quarter valued at approximately $35,000. State of Wyoming bought a new stake in shares of National Bankshares during the second quarter valued at approximately $36,000. Tower Research Capital LLC TRC raised its stake in shares of National Bankshares by 398.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank's stock valued at $47,000 after acquiring an additional 1,396 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of National Bankshares by 23.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,953 shares of the bank's stock valued at $79,000 after acquiring an additional 556 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of National Bankshares by 145.1% during the fourth quarter. BNP Paribas Financial Markets now owns 4,306 shares of the bank's stock valued at $124,000 after acquiring an additional 2,549 shares in the last quarter. Institutional investors own 29.73% of the company's stock.

National Bankshares Company Profile

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.

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