National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report) 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 trading hands.
National Bankshares Stock Down 1.8%
The company has a market cap of $196.45 million, a price-to-earnings ratio of 17.42 and a beta of 0.75. The business has a 50-day simple moving average of $29.56 and a two-hundred day simple moving average of $27.57.
National Bankshares (NASDAQ:NKSH - Get Free Report) last posted its earnings results on Wednesday, August 13th. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03). The company had revenue of $15.98 million during the quarter. National Bankshares had a return on equity of 7.69% and a net margin of 13.58%. As a group, equities analysts anticipate that National Bankshares, Inc. will post 2.35 earnings per share for the current year.
Hedge Funds Weigh In On National Bankshares
A number of institutional investors have recently made changes to their positions in the business. Fourthstone LLC lifted its position in shares of National Bankshares by 477.0% during the 2nd quarter. Fourthstone LLC now owns 84,006 shares of the bank's stock worth $2,285,000 after purchasing an additional 69,447 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in shares of National Bankshares in the first quarter worth $346,000. Geode Capital Management LLC grew its stake in shares of National Bankshares by 7.3% in the second quarter. Geode Capital Management LLC now owns 154,273 shares of the bank's stock worth $4,197,000 after acquiring an additional 10,437 shares during the last quarter. Nuveen LLC bought a new position in National Bankshares during the first quarter worth $226,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in National Bankshares during the 2nd quarter valued at $224,000. 29.73% of the stock is currently owned by institutional investors.
National Bankshares Company Profile
(
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.
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