National Bankshares (NASDAQ:NKSH) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of National Bankshares, Inc. (NASDAQ:NKSH) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.45 and traded as high as $38.46. National Bankshares shares last traded at $38.14, with a volume of 11,660 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of National Bankshares to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings restated a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, National Bankshares currently has a consensus rating of “Hold”.

National Bankshares Stock Up 0.5%

The company has a market cap of $242.95 million, a price-to-earnings ratio of 15.38 and a beta of 0.72. The stock’s 50-day simple moving average is $34.96 and its 200 day simple moving average is $31.45.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings results on Thursday, February 5th. The bank reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.24. The business had revenue of $15.27 million for the quarter. National Bankshares had a net margin of 18.55% and a return on equity of 9.78%. On average, sell-side analysts expect that National Bankshares, Inc. will post 2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On National Bankshares

A number of institutional investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey acquired a new position in National Bankshares during the 2nd quarter worth about $35,000. State of Wyoming purchased a new stake in National Bankshares during the second quarter worth about $36,000. Tower Research Capital LLC TRC lifted its position in shares of National Bankshares by 398.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock worth $47,000 after purchasing an additional 1,396 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of National Bankshares by 45.2% in the third quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock valued at $61,000 after purchasing an additional 643 shares during the period. Finally, Larson Financial Group LLC grew its holdings in shares of National Bankshares by 266.9% in the third quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock valued at $123,000 after purchasing an additional 3,043 shares in the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

About National Bankshares

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.