National Bankshares (NASDAQ:NKSH) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

National Bankshares, Inc. (NASDAQ:NKSH) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.30 and traded as high as $41.16. National Bankshares shares last traded at $40.70, with a volume of 31,283 shares.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NKSH. Zacks Research raised National Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings raised National Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

National Bankshares Trading Down 0.2%

The stock’s 50-day moving average price is $38.69 and its two-hundred day moving average price is $37.30. The stock has a market capitalization of $259.26 million, a P/E ratio of 12.80 and a beta of 0.60.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). National Bankshares had a net margin of 23.22% and a return on equity of 10.66%. The firm had revenue of $15.68 million during the quarter, compared to analysts’ expectations of $15.65 million. On average, equities research analysts predict that National Bankshares, Inc. will post 3.52 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of National Bankshares by 838.0% in the second quarter. California State Teachers Retirement System now owns 3,161 shares of the bank’s stock worth $115,000 after purchasing an additional 2,824 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of National Bankshares during the second quarter worth $332,000. Bank of America Corp DE purchased a new stake in shares of National Bankshares during the second quarter worth $401,000. Hsbc Holdings PLC bought a new position in National Bankshares in the 2nd quarter worth about $228,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in National Bankshares during the second quarter valued at approximately $584,000. Institutional investors own 29.73% of the company’s stock.

About National Bankshares

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.