National Bankshares (NASDAQ:NKSH) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of National Bankshares, Inc. (NASDAQ:NKSH) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.23 and traded as high as $29.69. National Bankshares shares last traded at $28.84, with a volume of 45,228 shares.

National Bankshares Stock Performance

The firm has a market capitalization of $183.42 million, a P/E ratio of 21.21 and a beta of 0.72. The business has a fifty day moving average of $27.99 and a 200-day moving average of $27.23.

Institutional Investors Weigh In On National Bankshares

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in National Bankshares by 131.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,155 shares of the bank’s stock worth $33,000 after purchasing an additional 655 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in National Bankshares in the second quarter worth approximately $35,000. PNC Financial Services Group Inc. lifted its position in National Bankshares by 23.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,953 shares of the bank’s stock worth $79,000 after purchasing an additional 556 shares during the period. BNP Paribas Financial Markets lifted its position in National Bankshares by 145.1% in the fourth quarter. BNP Paribas Financial Markets now owns 4,306 shares of the bank’s stock worth $124,000 after purchasing an additional 2,549 shares during the period. Finally, Private Trust Co. NA lifted its position in National Bankshares by 87.5% in the first quarter. Private Trust Co. NA now owns 7,500 shares of the bank’s stock worth $200,000 after purchasing an additional 3,500 shares during the period. 29.73% of the stock is currently owned by institutional investors and hedge funds.

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.