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

Shares of National Bankshares, Inc. (NASDAQ:NKSH) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.55 and traded as high as $32.00. National Bankshares shares last traded at $31.99, with a volume of 9,823 shares traded.

National Bankshares Stock Up 0.9 %

The firm has a market cap of $203.46 million, a price-to-earnings ratio of 22.06 and a beta of 0.56. The company’s fifty day moving average is $29.59 and its 200 day moving average is $29.55.

National Bankshares (NASDAQ:NKSH) last announced its quarterly earnings data 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 11.44% and a return on equity of 6.11%. The company had revenue of $19.36 million during the quarter, compared to the consensus estimate of $11.43 million. On average, equities research analysts forecast that National Bankshares, Inc. will post 1.94 EPS for the current fiscal year.

Institutional Investors Weigh In On National Bankshares

Several large investors have recently made changes to their positions in NKSH. BNP Paribas Financial Markets raised its position in National Bankshares by 67.0% during the first quarter. BNP Paribas Financial Markets now owns 2,821 shares of the bank’s stock worth $94,000 after acquiring an additional 1,132 shares in the last quarter. Eagle Ridge Investment Management bought a new stake in shares of National Bankshares in the 3rd quarter valued at about $211,000. Sanctuary Advisors LLC acquired a new stake in National Bankshares in the 2nd quarter valued at about $226,000. Price T Rowe Associates Inc. MD grew its holdings in National Bankshares by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank’s stock worth $400,000 after purchasing an additional 357 shares during the period. Finally, Renaissance Technologies LLC increased its position in National Bankshares by 2.4% during the second quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock worth $604,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 29.73% of the company’s stock.

National Bankshares Company Profile

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.