National Bankshares (NASDAQ:NKSH) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of National Bankshares, Inc. (NASDAQ:NKSH) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.45 and traded as high as $38.46. National Bankshares shares last traded at $38.14, with a volume of 11,660 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bankshares in a research note on Monday, December 29th. Wall Street Zen upgraded National Bankshares to a “hold” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

National Bankshares Stock Performance

The stock has a market capitalization of $242.95 million, a PE ratio of 15.38 and a beta of 0.72. The stock’s 50-day moving average is $34.96 and its 200 day moving average is $31.45.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings data on Thursday, February 5th. The bank reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.24. National Bankshares had a net margin of 18.55% and a return on equity of 9.78%. The company had revenue of $15.27 million during the quarter. Analysts expect that National Bankshares, Inc. will post 2.35 earnings per share for the current year.

Institutional Investors Weigh In On National Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of National Bankshares in the second quarter valued at approximately $35,000. State of Wyoming acquired a new position in shares of National Bankshares in the 2nd quarter valued at $36,000. Tower Research Capital LLC TRC raised its position in National Bankshares by 398.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,396 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in National Bankshares by 45.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock worth $61,000 after purchasing an additional 643 shares during the period. Finally, Larson Financial Group LLC grew its position in National Bankshares by 266.9% during the 3rd quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock worth $123,000 after purchasing an additional 3,043 shares during the last quarter. Hedge funds and other institutional investors own 29.73% of the company’s stock.

National Bankshares Company Profile

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.