National Bankshares (NASDAQ:NKSH) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

by · The Markets Daily

National Bankshares (NASDAQ:NKSHGet Free Report) issued its quarterly earnings data on Thursday. The bank reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.01), Zacks reports. National Bankshares had a net margin of 20.39% and a return on equity of 10.38%.

National Bankshares Price Performance

NASDAQ:NKSH traded down $0.11 during midday trading on Thursday, hitting $35.88. The company’s stock had a trading volume of 20,837 shares, compared to its average volume of 33,894. National Bankshares has a fifty-two week low of $27.00 and a fifty-two week high of $40.00. The firm has a market cap of $228.56 million, a P/E ratio of 13.05 and a beta of 0.62. The firm’s 50 day moving average is $35.82 and its 200-day moving average is $36.28.

National Bankshares Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 26th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a dividend yield of 427.0%. National Bankshares’s payout ratio is 54.55%.

Institutional Trading of National Bankshares

Several large investors have recently made changes to their positions in the business. State of Wyoming acquired a new position in National Bankshares during the second quarter valued at $36,000. Tower Research Capital LLC TRC raised its stake in shares of National Bankshares by 398.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,746 shares of the bank’s stock valued at $47,000 after buying an additional 1,396 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of National Bankshares by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock valued at $61,000 after buying an additional 643 shares during the period. Larson Financial Group LLC lifted its holdings in shares of National Bankshares by 266.9% in the 3rd quarter. Larson Financial Group LLC now owns 4,183 shares of the bank’s stock valued at $123,000 after buying an additional 3,043 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of National Bankshares by 209.9% in the fourth quarter. Royal Bank of Canada now owns 4,305 shares of the bank’s stock worth $144,000 after buying an additional 2,916 shares during the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NKSH. Zacks Research downgraded National Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings raised National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on NKSH

About National Bankshares

(Get Free Report)

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.

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