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

Posted by Michael Walen on Jan 24th, 2025

National Bankshares (NASDAQ:NKSH – Get Free Report) posted its earnings results on Thursday. The bank reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 %

Shares of NASDAQ:NKSH opened at $30.21 on Friday. The company has a market capitalization of $192.17 million, a price-to-earnings ratio of 20.83 and a beta of 0.61. The company has a 50 day moving average of $29.89 and a two-hundred day moving average of $29.78. National Bankshares has a 52-week low of $26.00 and a 52-week high of $35.00.

National Bankshares Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on NKSH. StockNews.com downgraded shares of National Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Janney Montgomery Scott raised shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Friday, November 22nd.

View Our Latest Stock Analysis on NKSH

National Bankshares Company Profile

(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.