Zacks Investment Research cut shares of American National Bankshares Inc. (NASDAQ:AMNB) from a hold rating to a strong sell rating in a report published on Monday.

According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “

Shares of American National Bankshares (NASDAQ:AMNB) traded down 0.1455% on Monday, reaching $28.0691. 4,155 shares of the company were exchanged. The company has a market capitalization of $241.65 million, a P/E ratio of 14.3870 and a beta of 0.64. American National Bankshares has a 52-week low of $22.29 and a 52-week high of $28.50. The stock has a 50 day moving average of $27.22 and a 200-day moving average of $26.50.

American National Bankshares (NASDAQ:AMNB) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. American National Bankshares had a net margin of 24.44% and a return on equity of 8.46%. On average, analysts predict that American National Bankshares will post $1.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Wednesday, August 31st. American National Bankshares’s dividend payout ratio is currently 49.23%.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in American National Bankshares by 7.1% in the second quarter. Vanguard Group Inc. now owns 334,459 shares of the financial services provider’s stock worth $8,422,000 after buying an additional 22,138 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in American National Bankshares by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 252,538 shares of the financial services provider’s stock worth $6,359,000 after buying an additional 13,466 shares in the last quarter. State Street Corp increased its stake in American National Bankshares by 4.1% in the second quarter. State Street Corp now owns 124,937 shares of the financial services provider’s stock worth $3,148,000 after buying an additional 4,868 shares in the last quarter. Renaissance Technologies LLC increased its stake in American National Bankshares by 12.6% in the first quarter. Renaissance Technologies LLC now owns 68,300 shares of the financial services provider’s stock worth $1,730,000 after buying an additional 7,630 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in American National Bankshares by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 45,479 shares of the financial services provider’s stock worth $1,145,000 after buying an additional 415 shares in the last quarter. 30.83% of the stock is currently owned by hedge funds and other institutional investors.

About American National Bankshares

American National Bankshares Inc is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. Community banking involves making loans to and generating deposits from individuals and businesses.

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