National Bankshares (NASDAQ:NKSH) Shares Pass Above 200 Day Moving Average – Should You Sell?

National Bankshares, Inc. (NASDAQ:NKSH)’s stock price crossed 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.

Analyst Upgrades and Downgrades

NKSH has been the subject of several recent analyst reports. StockNews.com raised National Bankshares from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Janney Montgomery Scott raised 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 report on Friday, November 22nd.

National Bankshares Price Performance

The business has a 50-day simple moving average of $30.55 and a two-hundred day simple moving average of $29.88. The stock has a market cap of $198.62 million, a price-to-earnings ratio of 21.54 and a beta of 0.59.

National Bankshares Increases Dividend

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

Institutional Trading of National Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in National Bankshares by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,156 shares of the bank’s stock valued at $683,000 after acquiring an additional 471 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of National Bankshares by 2.4% during the second quarter. Renaissance Technologies LLC now owns 21,370 shares of the bank’s stock worth $604,000 after acquiring an additional 500 shares during the period. Private Trust Co. NA grew its position in shares of National Bankshares by 16.7% in the third quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock valued at $105,000 after purchasing an additional 500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of National Bankshares by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,268 shares of the bank’s stock worth $486,000 after purchasing an additional 550 shares during the period. Finally, State Street Corp lifted its holdings in National Bankshares by 0.8% during the 3rd quarter. State Street Corp now owns 79,406 shares of the bank’s stock worth $2,374,000 after purchasing an additional 622 shares during the last quarter. Institutional investors own 29.73% of the company’s stock.

About National Bankshares

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.