National Bankshares (NASDAQ:NKSH) Posts Quarterly Earnings Results, Hits Estimates

National Bankshares (NASDAQ:NKSH) issued its quarterly earnings data on Thursday. The bank reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48, Zacks reports. National Bankshares had a return on equity of 5.85% and a net margin of 11.44%.

National Bankshares Price Performance

National Bankshares stock traded up $0.40 during midday trading on Thursday, reaching $30.21. The company’s stock had a trading volume of 15,984 shares, compared to its average volume of 13,406. National Bankshares has a 52-week low of $26.00 and a 52-week high of $35.00. The stock has a market capitalization of $192.14 million, a P/E ratio of 20.83 and a beta of 0.61. The stock’s 50-day simple moving average is $29.89 and its 200-day simple moving average is $29.78.

National Bankshares Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were given a dividend of $0.78 per share. This is a positive change from National Bankshares’s previous semi-annual dividend of $0.55. This represents a yield of 5%. The ex-dividend date of this dividend was Monday, November 25th. National Bankshares’s dividend payout ratio is currently 107.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NKSH shares. Janney Montgomery Scott upgraded shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a report on Friday, November 22nd. StockNews.com lowered shares of National Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th.

National Bankshares Company Profile

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.