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

Posted by Carolyn Dwyer on Jan 23rd, 2025

National Bankshares (NASDAQ:NKSH – Get Free Report) released its quarterly earnings data on Thursday. The bank reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48, Zacks reports. National Bankshares had a net margin of 11.44% and a return on equity of 5.85%.

National Bankshares Stock Up 1.3 %

NKSH traded up $0.40 during trading on Thursday, hitting $30.21. The company had a trading volume of 15,984 shares, compared to its average volume of 13,406. The company has a market capitalization of $192.14 million, a PE ratio of 20.83 and a beta of 0.61. National Bankshares has a one year low of $26.00 and a one year high of $35.00. The firm’s 50-day moving average price is $29.89 and its 200 day moving average price is $29.78.

National Bankshares Increases Dividend

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

Wall Street Analysts Forecast Growth

NKSH has been the subject of a number of recent analyst reports. StockNews.com cut shares of National Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. Janney Montgomery Scott upgraded National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, November 22nd.

Get Our Latest Stock Report on National Bankshares

About National Bankshares

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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.