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

National Bankshares (NASDAQ:NKSH) posted its earnings results 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 return on equity of 10.38% and a net margin of 20.39%.

National Bankshares Stock Down 0.3%

NASDAQ NKSH traded down $0.11 on Thursday, hitting $35.88. 20,837 shares of the stock were exchanged, 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 company has a 50-day moving average price of $35.82 and a 200-day moving average price of $36.28. The company has a market cap of $228.56 million, a PE ratio of 13.05 and a beta of 0.62.

National Bankshares Announces Dividend

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

Institutional Investors Weigh In On National Bankshares

Institutional investors have recently modified their holdings of the company. State of Wyoming raised its position in shares of National Bankshares by 18.2% during the 4th quarter. State of Wyoming now owns 1,965 shares of the bank’s stock worth $66,000 after acquiring an additional 302 shares in the last quarter. Geode Capital Management LLC boosted its holdings in National Bankshares by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 153,310 shares of the bank’s stock valued at $5,143,000 after purchasing an additional 533 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in National Bankshares by 45.2% in the third quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock valued at $61,000 after purchasing an additional 643 shares in the last quarter. Barclays PLC increased its stake in National Bankshares by 10.7% in the fourth quarter. Barclays PLC now owns 10,425 shares of the bank’s stock valued at $350,000 after purchasing an additional 1,006 shares during the last quarter. Finally, State Street Corp raised its holdings in National Bankshares by 1.7% during the fourth quarter. State Street Corp now owns 82,364 shares of the bank’s stock worth $2,762,000 after purchasing an additional 1,364 shares in the last quarter. 29.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on NKSH. Weiss Ratings raised National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Zacks Research lowered shares of National Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Wall Street Zen upgraded shares of National Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.