National Bankshares (NASDAQ:NKSH) Releases Earnings Results

National Bankshares (NASDAQ:NKSH) posted its earnings results on Thursday. The bank reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.24, FiscalAI reports. National Bankshares had a net margin of 15.56% and a return on equity of 8.62%. The business had revenue of $15.27 million for the quarter.

National Bankshares Trading Up 0.9%

NKSH traded up $0.33 on Thursday, hitting $35.94. 12,396 shares of the company’s stock were exchanged, compared to its average volume of 14,799. National Bankshares has a fifty-two week low of $23.75 and a fifty-two week high of $36.40. The stock has a market cap of $228.94 million, a price-to-earnings ratio of 17.62 and a beta of 0.72. The firm has a 50-day moving average price of $32.15 and a 200-day moving average price of $30.37.

National Bankshares Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 24th were issued a $0.78 dividend. The ex-dividend date was Monday, November 24th. This represents a yield of 536.0%. National Bankshares’s dividend payout ratio (DPR) is presently 76.47%.

Analyst Ratings Changes

A number of research firms recently weighed in on NKSH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bankshares in a report on Monday, December 29th. Wall Street Zen raised shares of National Bankshares to a “hold” rating in a research note on Saturday, December 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Institutional Trading of National Bankshares

Several large investors have recently bought and sold shares of NKSH. Geode Capital Management LLC raised its holdings in National Bankshares by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 154,273 shares of the bank’s stock valued at $4,197,000 after acquiring an additional 10,437 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of National Bankshares by 398.9% in the second 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 in the last quarter. State of Wyoming acquired a new stake in shares of National Bankshares in the second quarter valued at approximately $36,000. JPMorgan Chase & Co. lifted its position in National Bankshares by 37.6% during the third quarter. JPMorgan Chase & Co. now owns 6,493 shares of the bank’s stock worth $191,000 after buying an additional 1,774 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in National Bankshares by 1.2% during the third quarter. Vanguard Group Inc. now owns 334,517 shares of the bank’s stock worth $9,848,000 after buying an additional 3,876 shares in the last quarter. Hedge funds and other 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.