National Bankshares (NASDAQ:NKSH) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

National Bankshares, Inc. (NASDAQ:NKSH)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

National Bankshares Stock Performance

The stock has a market cap of $199.07 million, a PE ratio of 21.59 and a beta of 0.56. The business has a 50 day moving average price of $29.69 and a two-hundred day moving average price of $29.61.

National Bankshares (NASDAQ:NKSH) last posted 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 return on equity of 6.11% and a net margin of 11.44%. The business had revenue of $19.36 million during the quarter, compared to analysts’ expectations of $11.43 million. As a group, research analysts anticipate that National Bankshares, Inc. will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On National Bankshares

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in National Bankshares by 71.7% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $53,000 after acquiring an additional 734 shares during the period. Private Trust Co. NA raised its holdings in shares of National Bankshares by 16.7% in the 3rd quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock worth $105,000 after purchasing an additional 500 shares during the period. Eagle Ridge Investment Management bought a new stake in shares of National Bankshares in the 3rd quarter worth approximately $211,000. Sanctuary Advisors LLC purchased a new position in National Bankshares in the second quarter valued at approximately $226,000. Finally, Price T Rowe Associates Inc. MD increased its position in National Bankshares by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank’s stock worth $400,000 after buying an additional 357 shares during the last quarter. Institutional investors 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.