National Bankshares (NASDAQ:NKSH) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

National Bankshares (NASDAQ:NKSH) released its quarterly earnings data on Thursday. The bank reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.12), FiscalAI reports. National Bankshares had a net margin of 23.22% and a return on equity of 10.66%. The firm had revenue of $16.42 million for the quarter, compared to analyst estimates of $17.30 million.

National Bankshares Stock Performance

Shares of National Bankshares stock traded up $1.46 on Thursday, reaching $45.50. 18,245 shares of the company’s stock were exchanged, compared to its average volume of 34,340. The company has a market capitalization of $289.88 million, a P/E ratio of 14.31 and a beta of 0.60. National Bankshares has a 52 week low of $27.00 and a 52 week high of $45.65. The firm’s 50-day moving average is $42.33 and its two-hundred day moving average is $38.73.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NKSH. Zacks Research downgraded shares of National Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Weiss Ratings upgraded shares of National Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

National Bankshares Company Profile

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.