National Bankshares (NASDAQ:NKSH) Share Price Passes Above 200 Day Moving Average - Here's What Happened

National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.88 and traded as high as $31.94. National Bankshares shares last traded at $31.15, with a volume of 7,965 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com raised National Bankshares from a "sell" rating to a "hold" rating in a research report on Monday, November 25th. Janney Montgomery Scott upgraded National Bankshares from a "neutral" rating to a "buy" rating and set a $38.00 price objective for the company in a research report on Friday, November 22nd.

National Bankshares Trading Up 0.3 %

The business's 50-day simple moving average is $30.55 and its 200-day simple moving average is $29.88. The company has a market cap of $198.62 million, a PE ratio of 21.54 and a beta of 0.59.

National Bankshares Increases Dividend

The company also recently disclosed 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 boost from National Bankshares's previous semi-annual dividend of $0.55. The ex-dividend date was Monday, November 25th. This represents a yield of 5%. National Bankshares's dividend payout ratio (DPR) is presently 107.59%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NKSH. Brandes Investment Partners LP grew its stake in shares of National Bankshares by 14.4% in the 2nd quarter. Brandes Investment Partners LP now owns 135,937 shares of the bank's stock valued at $3,839,000 after buying an additional 17,149 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of National Bankshares by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,958 shares of the bank's stock worth $400,000 after purchasing an additional 357 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of National Bankshares during the 2nd quarter valued at $226,000. Vanguard Group Inc. lifted its stake in shares of National Bankshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 314,033 shares of the bank's stock valued at $10,492,000 after purchasing an additional 1,877 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in National Bankshares by 16.7% in the third quarter. Private Trust Co. NA now owns 3,500 shares of the bank's stock worth $105,000 after purchasing an additional 500 shares in the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

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.