National Bankshares (NASDAQ:NKSH) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• National Bankshares, Inc. (NASDAQ:NKSH) stock price has crossed above its 200-day moving average of $27.23, reaching a high of $29.69 during trading.
• The company boasts a market capitalization of $183.42 million and a P/E ratio of 21.21, indicating its valuation relative to earnings.
• An increasing number of institutional investors have raised their holdings, with 29.73% of the stock now owned by these entities, signaling growing interest in the company.

National Bankshares, Inc. (NASDAQ:NKSH - )'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 $27.23 and traded as high as $29.69. National Bankshares shares last traded at $28.84, with a volume of 45,228 shares trading hands.

National Bankshares Price Performance

The company has a market capitalization of $183.42 million, a P/E ratio of 21.21 and a beta of 0.72. The company has a fifty day moving average price of $27.99 and a 200 day moving average price of $27.23.

Hedge Funds Weigh In On National Bankshares

Several institutional investors have recently made changes to their positions in the stock. Kingsview Wealth Management LLC grew its holdings in shares of National Bankshares by 4.6% during the second quarter. Kingsview Wealth Management LLC now owns 9,145 shares of the bank's stock valued at $249,000 after purchasing an additional 398 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of National Bankshares by 5.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,288 shares of the bank's stock valued at $267,000 after purchasing an additional 447 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 556 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of National Bankshares by 131.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank's stock valued at $33,000 after purchasing an additional 655 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of National Bankshares by 10.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,635 shares of the bank's stock valued at $219,000 after purchasing an additional 725 shares during the last quarter. 29.73% of the stock is owned by institutional investors.

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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