National Bankshares (NASDAQ:NKSH) Shares Pass Above 200 Day Moving Average of $38.24

National Bankshares Inc. (NASDAQ:NKSH) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $38.24 and traded as high as $43.84. National Bankshares shares last traded at $43.84, with a volume of 101 shares traded.

NKSH has been the topic of a number of research analyst reports. TheStreet raised National Bankshares from a “c+” rating to a “b-” rating in a research report on Tuesday, October 1st. BidaskClub raised National Bankshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 14th. Finally, ValuEngine raised National Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

The company has a market cap of $280.87 million, a price-to-earnings ratio of 16.84 and a beta of 0.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a 50-day moving average price of $40.95 and a 200 day moving average price of $38.24.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. National Bankshares had a return on equity of 9.28% and a net margin of 32.46%.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 25th will be given a dividend of $0.72 per share. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 3.1%. This is a positive change from National Bankshares’s previous Semi-Annual dividend of $0.63.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NKSH. Marshall Wace LLP bought a new position in shares of National Bankshares during the first quarter worth about $28,000. Bank of Montreal Can grew its holdings in shares of National Bankshares by 33.5% during the second quarter. Bank of Montreal Can now owns 2,066 shares of the bank’s stock worth $80,000 after buying an additional 518 shares in the last quarter. Aperio Group LLC bought a new position in shares of National Bankshares during the second quarter worth about $88,000. Russell Investments Group Ltd. bought a new position in shares of National Bankshares during the third quarter worth about $162,000. Finally, Acadian Asset Management LLC grew its holdings in shares of National Bankshares by 164.2% during the second quarter. Acadian Asset Management LLC now owns 4,668 shares of the bank’s stock worth $182,000 after buying an additional 2,901 shares in the last quarter. 30.07% of the stock is currently owned by institutional investors.

About National Bankshares (NASDAQ:NKSH)

National Bankshares, Inc operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking 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, and individual retirement accounts.

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