National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.65 and traded as high as $30.16. National Bankshares shares last traded at $30.06, with a volume of 3,096 shares changing hands.
National Bankshares Price Performance
The company has a market cap of $191.48 million, a P/E ratio of 16.98 and a beta of 0.75. The stock's 50-day moving average is $29.68 and its two-hundred day moving average is $27.65.
National Bankshares (NASDAQ:NKSH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The bank reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.03). The company had revenue of $15.98 million for the quarter. National Bankshares had a net margin of 13.58% and a return on equity of 7.69%. On average, analysts predict that National Bankshares, Inc. will post 2.35 EPS for the current year.
Institutional Trading of National Bankshares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NKSH. Police & Firemen s Retirement System of New Jersey purchased a new stake in National Bankshares during the second quarter valued at approximately $35,000. State of Wyoming purchased a new stake in National Bankshares during the second quarter valued at approximately $36,000. Tower Research Capital LLC TRC increased its holdings in 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 buying an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in 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 buying an additional 556 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in 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 buying an additional 2,549 shares during the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.
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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