National Bankshares (NASDAQ:NKSH) Releases Earnings Results, Meets Expectations

National Bankshares (NASDAQ:NKSH) posted its quarterly earnings results on Thursday. The bank reported $0.48 EPS 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 Stock Up 1.3 %

Shares of NKSH stock traded up $0.40 on Thursday, reaching $30.21. The company had a trading volume of 15,984 shares, compared to its average volume of 13,406. National Bankshares has a one year low of $26.00 and a one year high of $35.00. The stock has a market capitalization of $192.14 million, a PE ratio of 20.83 and a beta of 0.61. The business’s 50-day moving average is $29.89 and its 200 day moving average is $29.78.

National Bankshares Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Janney Montgomery Scott upgraded shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Friday, November 22nd. StockNews.com lowered 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.