National Bankshares (NASDAQ:NKSH) Stock Price Passes Above Two Hundred Day Moving Average of $30.18

National Bankshares, Inc. (NASDAQ:NKSH)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.18 and traded as high as $30.50. National Bankshares shares last traded at $30.50, with a volume of 6,015 shares.

National Bankshares Trading Up 3.9 %

The stock has a market cap of $193.98 million, a price-to-earnings ratio of 13.50 and a beta of 0.56. The stock’s 50-day moving average is $29.61 and its 200-day moving average is $30.18.

National Bankshares (NASDAQ:NKSH) last posted its earnings results on Wednesday, August 14th. The bank reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.17). National Bankshares had a net margin of 12.65% and a return on equity of 6.70%. The business had revenue of $19.36 million for the quarter, compared to analyst estimates of $11.43 million. On average, equities analysts predict that National Bankshares, Inc. will post 1.94 earnings per share for the current fiscal year.

Insider Activity

In other National Bankshares news, Director Lawrence J. Ball acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $27.00 per share, for a total transaction of $27,000.00. Following the acquisition, the director now directly owns 20,688 shares of the company’s stock, valued at $558,576. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.75% of the company’s stock.

Hedge Funds Weigh In On National Bankshares

A number of hedge funds have recently bought and sold shares of NKSH. Sanctuary Advisors LLC bought a new position in National Bankshares during the 2nd quarter worth approximately $226,000. Brandes Investment Partners LP boosted its position in shares of National Bankshares by 14.4% during the second quarter. Brandes Investment Partners LP now owns 135,937 shares of the bank’s stock worth $3,839,000 after buying an additional 17,149 shares during the period. Renaissance Technologies LLC grew its holdings in National Bankshares by 2.4% in the 2nd quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock worth $604,000 after buying an additional 500 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of National Bankshares by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock valued at $683,000 after purchasing an additional 471 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in National Bankshares by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank’s stock valued at $400,000 after buying an additional 357 shares during the period. 29.73% of the stock is currently owned by institutional investors and hedge funds.

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.