National Bankshares, Inc. (NASDAQ:NKSH) Closed Over Its 50 Day Moving Average

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It is currently trading at $46.50 just above the 50 day moving average which is $43.40 and much higher than the 200 day moving average of $41.04. The 50 day moving average was up $3.10 or +7.14% whereas the 200 day moving average was up $5.46 or +13.29%. National Bankshares, Inc. shares had a trading volume of 866 in the last trading session. Volume was down 84.54% under the stocks average daily volume.

Traders are more bullish on the company lately at least if you consider the decrease in short interest. The stock recorded a fall in short interest of -4.69% as of September 29, 2017 from the last reporting period. Short interest decreased 9,802 over that period. Days to cover increased 2.0 to 14.0 and the short interest percentage is 0.03% as of September 29.

Here is a rundown on some insider market activity for National Bankshares, Inc. (NASDAQ:NKSH). John Elliott Dooley, Director acquired $7,700 worth of shares at a price of $38.50 on Thu the 3rd. That brings Dooley’s holdings to $128,013 as reported to the SEC.

The following firms have recently changed their position in NKSH. As of the end of the quarter Bb&t Securities, LLC had acquired 500 shares growing its stake by 8.8%. The value of the investment in (NKSH) went from $212,000 to $250,000 a change of 17.9% since the last quarter. Sg Americas Securities, LLC downsized its stake by shedding 2,750 shares a decrease of 24.2% as of 06/30/2017. Sg Americas Securities, LLC now controls 8,593 shares valued at $351,000. The total value of its holdings decreased 17.6%.

Ubs Group Ag grew its ownership by buying 386 shares an increase of 206.4% from 03/31/2017 to 06/30/2017. Ubs Group Ag now holds 573 shares with a value of $23,000. The value of the position overall is up by 228.6%. Dalton Greiner Hartman Maher & Co bolstered its investment by buying 415 shares an increase of 0.8%. Dalton Greiner Hartman Maher & Co claims 49,493 shares worth $2,225,000. The value of the position overall is up by 11.1%.

The P/E ratio is currently 22.29 and market cap is 323.50M. As of the latest earnings report the EPS was $2.09 and is projected to be $2.13 for the current year with 6,957,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.55 with next year’s EPS anticipated to be $2.48.

National Bankshares, Inc., launched on April 28, 1986, is a financial holding company. The Company conducts its operations through its community bank subsidiary, the National Bank of Blacksburg (NBB or the Bank). NBB offers a range of retail and commercial banking services to individuals, businesses, non-profits and local governments. NBB has telephone and Internet banking..