National Bankshares (NASDAQ:NKSH) Posts Earnings Results, Misses Estimates By $0.12 EPS

National Bankshares (NASDAQ:NKSH) announced its earnings results on Thursday. The bank reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.12), FiscalAI reports. National Bankshares had a net margin of 23.22% and a return on equity of 10.66%. The business had revenue of $16.42 million for the quarter, compared to the consensus estimate of $17.30 million.

National Bankshares Trading Up 3.3%

NKSH opened at $45.50 on Friday. The stock has a fifty day simple moving average of $42.38 and a two-hundred day simple moving average of $38.80. The company has a market cap of $289.83 million, a price-to-earnings ratio of 14.21 and a beta of 0.60. National Bankshares has a 12-month low of $27.00 and a 12-month high of $45.65.

Wall Street Analyst Weigh In

NKSH has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of National Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Zacks Research downgraded shares of National Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

National Bankshares Company Profile

National Bankshares, Inc is a bank holding company headquartered in Blacksburg, Virginia. Through its principal subsidiary, The National Bank of Blacksburg, the company provides community banking services to individuals, families, businesses and organizations.

The bank offers a range of deposit products, commercial and residential real estate loans, consumer loans and other lending services. Its banking services also include electronic banking options, such as online and mobile banking, along with cash-management and related financial services.

Founded in 1891, National Bankshares has a long history of serving communities in southwest Virginia.