National Bankshares (NASDAQ:NKSH) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.95 and traded as high as $29.48. National Bankshares shares last traded at $28.69, with a volume of 5,288 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of National Bankshares in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, National Bankshares has a consensus rating of "Moderate Buy" and an average price target of $38.00.

National Bankshares Stock Performance

The firm's 50 day moving average price is $29.86 and its two-hundred day moving average price is $27.95. The firm has a market cap of $182.76 million, a PE ratio of 16.21 and a beta of 0.75.

National Bankshares (NASDAQ:NKSH - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $1.06 earnings per share for the quarter. National Bankshares had a net margin of 13.58% and a return on equity of 7.69%. The business had revenue of $18.81 million during the quarter. On average, analysts forecast that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

Institutional Trading of National Bankshares

Several hedge funds have recently made changes to their positions in the company. Kingsview Wealth Management LLC lifted its holdings in shares of National Bankshares by 4.6% in the 2nd quarter. Kingsview Wealth Management LLC now owns 9,145 shares of the bank's stock worth $249,000 after acquiring an additional 398 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of National Bankshares by 23.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,953 shares of the bank's stock worth $79,000 after acquiring an additional 556 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of National Bankshares by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 21,423 shares of the bank's stock worth $570,000 after acquiring an additional 902 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of National Bankshares in the 2nd quarter worth approximately $35,000. Finally, State of Wyoming acquired a new position in shares of National Bankshares in the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 29.73% of the company's stock.

About National Bankshares

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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