National Bankshares (NASDAQ:NKSH) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

National Bankshares, Inc. (NASDAQ:NKSH)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 Ratings Changes

NKSH has been the subject of a number of research analyst reports. StockNews.com raised National Bankshares from a “sell” rating to a “hold” rating in a research note 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 Stock Performance

The firm has a market capitalization of $198.15 million, a P/E ratio of 21.48 and a beta of 0.59. The firm’s 50-day moving average is $30.55 and its 200 day moving average is $29.88.

National Bankshares Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were issued a $0.78 dividend. This represents a dividend yield of 5%. 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. National Bankshares’s payout ratio is 107.59%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Barclays PLC boosted its position in National Bankshares by 290.4% during the 3rd quarter. Barclays PLC now owns 7,487 shares of the bank’s stock worth $224,000 after acquiring an additional 5,569 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of National Bankshares by 4.5% in the third quarter. Geode Capital Management LLC now owns 138,246 shares of the bank’s stock worth $4,134,000 after purchasing an additional 5,975 shares in the last quarter. State Street Corp boosted its holdings in National Bankshares by 0.8% during the third 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. BNP Paribas Financial Markets grew its position in National Bankshares by 71.7% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $53,000 after purchasing an additional 734 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in National Bankshares by 16.7% in the 3rd quarter. Private Trust Co. NA now owns 3,500 shares of the bank’s stock valued at $105,000 after buying an additional 500 shares during the last quarter. 29.73% of the stock is currently owned by institutional investors.

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.