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

National Bankshares, Inc. (NASDAQ:NKSH)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.02 and traded as high as $35.21. National Bankshares shares last traded at $35.21, with a volume of 10,383 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings cut National Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Zacks Research raised National Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen raised National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, National Bankshares currently has a consensus rating of “Buy”.

National Bankshares Price Performance

The firm has a market capitalization of $224.16 million, a PE ratio of 12.80 and a beta of 0.63. The firm has a 50-day simple moving average of $36.22 and a 200-day simple moving average of $35.03.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Thursday, April 23rd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.13. National Bankshares had a return on equity of 10.38% and a net margin of 20.39%.The business had revenue of $15.30 million for the quarter, compared to analysts’ expectations of $14.50 million. Equities analysts expect that National Bankshares, Inc. will post 3.25 earnings per share for the current year.

National Bankshares Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.75 per share. This represents a dividend yield of 427.0%. The ex-dividend date of this dividend is Tuesday, May 26th. National Bankshares’s payout ratio is presently 54.55%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. State of Wyoming lifted its position in shares of National Bankshares by 18.2% during the 4th quarter. State of Wyoming now owns 1,965 shares of the bank’s stock valued at $66,000 after buying an additional 302 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of National Bankshares by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 153,310 shares of the bank’s stock valued at $5,143,000 after buying an additional 533 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of National Bankshares by 45.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock valued at $61,000 after buying an additional 643 shares in the last quarter. Barclays PLC lifted its position in shares of National Bankshares by 10.7% during the 4th quarter. Barclays PLC now owns 10,425 shares of the bank’s stock valued at $350,000 after buying an additional 1,006 shares in the last quarter. Finally, State Street Corp lifted its position in shares of National Bankshares by 1.7% during the 4th quarter. State Street Corp now owns 82,364 shares of the bank’s stock valued at $2,762,000 after buying an additional 1,364 shares in the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.

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.