National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $38.42 and traded as high as $43.45. National Bankshares shares last traded at $43.20, with a volume of 22,641 shares.
Analyst Upgrades and Downgrades
NKSH has been the topic of a number of research reports. Weiss Ratings upgraded National Bankshares from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 13th. Zacks Research downgraded shares of National Bankshares from a "strong-buy" rating to a "hold" rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".
Get Our Latest Stock Analysis on National Bankshares
National Bankshares Stock Performance
The business's 50 day moving average is $42.10 and its two-hundred day moving average is $38.42. The firm has a market capitalization of $275.18 million, a PE ratio of 13.58 and a beta of 0.60.
National Bankshares (NASDAQ:NKSH - Get Free Report) last posted its earnings results on Thursday, July 23rd. The bank reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.01). National Bankshares had a return on equity of 10.66% and a net margin of 23.22%. The company had revenue of $15.68 million for the quarter, compared to analysts' expectations of $15.65 million. As a group, equities research analysts predict that National Bankshares, Inc. will post 3.52 EPS for the current year.
Institutional Trading of National Bankshares
A number of hedge funds and other institutional investors have recently made changes to their positions in NKSH. Royal Bank of Canada lifted its holdings in shares of National Bankshares by 44.7% in the first quarter. Royal Bank of Canada now owns 6,230 shares of the bank's stock worth $227,000 after buying an additional 1,925 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of National Bankshares by 17.5% in the first quarter. Renaissance Technologies LLC now owns 28,980 shares of the bank's stock valued at $1,055,000 after acquiring an additional 4,310 shares during the period. Deutsche Bank AG bought a new position in shares of National Bankshares in the second quarter valued at approximately $224,000. Hsbc Holdings PLC purchased a new position in National Bankshares during the second quarter valued at approximately $228,000. Finally, Dimensional Fund Advisors LP grew its stake in National Bankshares by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 134,276 shares of the bank's stock valued at $4,889,000 after acquiring an additional 8,320 shares in the last quarter. 29.73% of the stock is currently owned by institutional investors.
National Bankshares Company Profile
(
Get Free Report)
National Bankshares, Inc is a bank holding company headquartered in Blacksburg, Virginia. Through its principal subsidiary, The National Bank of Blacksburg, the company provides community banking services to individuals, families, businesses and organizations.
The bank offers a range of deposit products, commercial and residential real estate loans, consumer loans and other lending services. Its banking services also include electronic banking options, such as online and mobile banking, along with cash-management and related financial services.
Founded in 1891, National Bankshares has a long history of serving communities in southwest Virginia.
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