National Bankshares (NKSH) Issues Earnings Results

National Bankshares (NASDAQ:NKSH) released its earnings results on Thursday, April 18th. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.06, Bloomberg Earnings reports. National Bankshares had a net margin of 33.21% and a return on equity of 9.28%.

Shares of National Bankshares stock traded down $0.01 on Friday, reaching $41.80. The stock had a trading volume of 11,863 shares, compared to its average volume of 10,171. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.01. National Bankshares has a 1 year low of $33.65 and a 1 year high of $49.75. The company has a market cap of $272.12 million, a P/E ratio of 17.94 and a beta of 0.44.

A number of equities research analysts recently weighed in on NKSH shares. BidaskClub lowered shares of National Bankshares from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. Sandler O’Neill upgraded shares of National Bankshares from a “hold” rating to a “buy” rating and set a $42.50 price objective for the company in a report on Monday, February 4th. They noted that the move was a valuation call.

In other news, Director Norman V. Fitzwater III acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of $41.78 per share, with a total value of $41,780.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $208,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders bought 2,499 shares of company stock worth $99,732. Insiders own 3.73% of the company’s stock.

An institutional investor recently raised its position in National Bankshares stock. Geode Capital Management LLC boosted its stake in shares of National Bankshares Inc. (NASDAQ:NKSH) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,180 shares of the bank’s stock after purchasing an additional 3,764 shares during the period. Geode Capital Management LLC owned approximately 0.89% of National Bankshares worth $2,265,000 at the end of the most recent reporting period. 37.97% of the stock is owned by institutional investors.

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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 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, and individual retirement accounts.

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Earnings History for National Bankshares (NASDAQ:NKSH)

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