National Bankshares (NASDAQ:NKSH) Stock Crosses Above 200-Day Moving Average of $35.82

National Bankshares, Inc. (NASDAQ:NKSH – Get Rating)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.82 and traded as high as $41.60. National Bankshares shares last traded at $41.26, with a volume of 15,065 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of National Bankshares from a “buy” rating to a “hold” rating in a report on Thursday, December 8th.

National Bankshares Price Performance

The business’s fifty day moving average price is $39.79 and its 200 day moving average price is $35.82.

National Bankshares (NASDAQ:NKSH – Get Rating) last announced its earnings results on Wednesday, November 9th. The bank reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The business had revenue of $14.54 million for the quarter, compared to analysts’ expectations of $13.96 million. National Bankshares had a net margin of 38.79% and a return on equity of 14.55%. Analysts predict that National Bankshares, Inc. will post 3.85 earnings per share for the current fiscal year.

National Bankshares Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, February 3rd. Investors of record on Monday, January 23rd will be given a $1.00 dividend. This represents a yield of 6.1%. This is a positive change from National Bankshares’s previous None dividend of $0.55. The ex-dividend date is Friday, January 20th.

Hedge Funds Weigh In On National Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its position in shares of National Bankshares by 122.6% during the 1st quarter. UBS Group AG now owns 730 shares of the bank’s stock worth $27,000 after purchasing an additional 402 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of National Bankshares in the 1st quarter worth about $33,000. Private Trust Co. NA purchased a new stake in shares of National Bankshares in the 2nd quarter worth about $94,000. Captrust Financial Advisors boosted its position in shares of National Bankshares by 139.3% in the 2nd quarter. Captrust Financial Advisors now owns 5,023 shares of the bank’s stock worth $158,000 after buying an additional 2,924 shares in the last quarter. Finally, Truist Financial Corp purchased a new stake in shares of National Bankshares in the 3rd quarter worth about $201,000. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

About National Bankshares

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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.