ValuEngine upgraded shares of American National Bankshares, Inc. (NASDAQ:AMNB) from a hold rating to a buy rating in a research report report published on Friday.

AMNB has been the topic of several other research reports. Zacks Investment Research upgraded American National Bankshares from a hold rating to a buy rating and set a $41.00 price objective on the stock in a research report on Friday. Keefe, Bruyette & Woods restated a buy rating and issued a $39.00 price objective on shares of American National Bankshares in a research report on Thursday, July 27th. Finally, BidaskClub lowered American National Bankshares from a hold rating to a sell rating in a research report on Wednesday, July 19th.

American National Bankshares (AMNB) traded up 0.41% during midday trading on Friday, reaching $36.65. 3,179 shares of the company’s stock were exchanged. American National Bankshares has a 52 week low of $26.14 and a 52 week high of $42.50. The firm has a market capitalization of $316.73 million, a price-to-earnings ratio of 19.29 and a beta of 0.78. The firm’s 50 day moving average is $36.88 and its 200 day moving average is $36.84.

American National Bankshares (NASDAQ:AMNB) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. American National Bankshares had a return on equity of 8.05% and a net margin of 22.82%. The business had revenue of $17.26 million for the quarter, compared to analyst estimates of $16.93 million. On average, equities analysts anticipate that American National Bankshares will post $2.01 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.96 annualized dividend and a yield of 2.62%. American National Bankshares’s dividend payout ratio is presently 50.79%.

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of American National Bankshares by 10.8% in the first quarter. Bank of America Corp DE now owns 2,801 shares of the financial services provider’s stock valued at $104,000 after buying an additional 273 shares during the last quarter. American International Group Inc. increased its position in shares of American National Bankshares by 6.9% in the first quarter. American International Group Inc. now owns 5,049 shares of the financial services provider’s stock valued at $188,000 after buying an additional 328 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of American National Bankshares by 2.3% in the first quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock valued at $260,000 after buying an additional 159 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of American National Bankshares by 20.6% in the second quarter. The Manufacturers Life Insurance Company now owns 7,152 shares of the financial services provider’s stock valued at $264,000 after buying an additional 1,223 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of American National Bankshares by 12.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,539 shares of the financial services provider’s stock valued at $281,000 after buying an additional 847 shares during the last quarter. Institutional investors and hedge funds own 34.47% of the company’s stock.

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. The Community banking segment involves making loans to and generating deposits from individuals and businesses.

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