American National Bankshares Inc. (NASDAQ:AMNB) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday. The brokerage currently has a $34.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 9.15% from the stock’s previous close.

Separately, Zacks Investment Research upgraded shares of 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.

Shares of American National Bankshares (NASDAQ:AMNB) opened at 31.15 on Tuesday. The stock has a 50 day moving average of $28.55 and a 200-day moving average of $27.14. American National Bankshares has a 1-year low of $22.29 and a 1-year high of $32.30. The firm has a market cap of $268.36 million, a price-to-earnings ratio of 16.05 and a beta of 0.72.

American National Bankshares (NASDAQ:AMNB) last issued its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.01. American National Bankshares had a return on equity of 8.34% and a net margin of 24.13%. Equities analysts anticipate that American National Bankshares will post $1.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.96 annualized dividend and a dividend yield of 3.08%. American National Bankshares’s dividend payout ratio is presently 49.74%.

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In related news, VP Ramsey K. Hamadi acquired 1,488 shares of American National Bankshares stock in a transaction dated Monday, October 31st. The stock was acquired at an average price of $27.47 per share, for a total transaction of $40,875.36. Following the transaction, the vice president now owns 10,891 shares of the company’s stock, valued at $299,175.77. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Ramsey K. Hamadi acquired 1,000 shares of American National Bankshares stock in a transaction dated Tuesday, November 15th. The shares were bought at an average price of $30.28 per share, with a total value of $30,280.00. Following the transaction, the vice president now directly owns 12,379 shares in the company, valued at approximately $374,836.12. The disclosure for this purchase can be found here. Insiders own 5.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Advisors LLC increased its stake in shares of American National Bankshares by 1.2% in the second quarter. BlackRock Advisors LLC now owns 4,694 shares of the financial services provider’s stock valued at $118,000 after buying an additional 55 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of American National Bankshares by 0.7% in the second quarter. O Shaughnessy Asset Management LLC now owns 12,444 shares of the financial services provider’s stock valued at $313,000 after buying an additional 83 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of American National Bankshares by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 45,628 shares of the financial services provider’s stock valued at $1,275,000 after buying an additional 149 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of American National Bankshares by 3.7% in the third quarter. Wells Fargo & Company MN now owns 4,264 shares of the financial services provider’s stock valued at $120,000 after buying an additional 154 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of American National Bankshares by 1.9% in the third quarter. Rhumbline Advisers now owns 10,663 shares of the financial services provider’s stock valued at $298,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

American National Bankshares Company Profile

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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