American National Bankshares Inc. (NASDAQ:AMNB) will be posting its quarterly earnings results after the market closes on Thursday, October 20th. Analysts expect American National Bankshares to post earnings of $0.46 per share for the quarter.

American National Bankshares (NASDAQ:AMNB) last posted its earnings results on Thursday, July 21st. The financial services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate 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 expect American National Bankshares to post $1.83 EPS for the current fiscal year and $1.9 EPS for the next fiscal year.

Earnings History for American National Bankshares (NASDAQ:AMNB)

American National Bankshares Inc. (NASDAQ:AMNB) opened at 27.60 on Wednesday. The firm has a 50-day moving average of $27.38 and a 200-day moving average of $26.60. American National Bankshares Inc. has a 52-week low of $22.29 and a 52-week high of $28.50. The firm has a market cap of $237.61 million, a PE ratio of 14.15 and a beta of 0.64.

Separately, Zacks Investment Research raised American National Bankshares from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Monday, August 1st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position 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 valued at $8,422,000 after buying an additional 22,138 shares during the period. Dimensional Fund Advisors LP increased its position 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 valued at $6,359,000 after buying an additional 13,466 shares during the period. State Street Corp increased its position 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 valued at $3,148,000 after buying an additional 4,868 shares during the period. BlackRock Investment Management LLC increased its position in American National Bankshares by 5.4% in the second quarter. BlackRock Investment Management LLC now owns 35,238 shares of the financial services provider’s stock valued at $887,000 after buying an additional 1,811 shares during the period. Finally, Eagle Global Advisors LLC increased its position in American National Bankshares by 41.1% in the second quarter. Eagle Global Advisors LLC now owns 13,324 shares of the financial services provider’s stock valued at $335,000 after buying an additional 3,880 shares during the period. 30.91% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:AMNB

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