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

Posted by James Quigley on Jan 25th, 2025

National Bankshares (NASDAQ:NKSH – Get Free Report) announced its 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 Performance

Shares of NKSH stock opened at $29.34 on Friday. The stock has a fifty day simple moving average of $29.82 and a two-hundred day simple moving average of $29.79. National Bankshares has a 52-week low of $26.00 and a 52-week high of $35.00. The firm has a market capitalization of $186.60 million, a PE ratio of 20.23 and a beta of 0.61.

National Bankshares Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com cut National Bankshares from a “hold” rating to a “sell” rating in a research report on Friday. Janney Montgomery Scott raised shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a report on Friday, November 22nd.

Read Our Latest Report on NKSH

About National Bankshares

(Get Free Report)

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.