Zacks Investment Research lowered shares of American National Bankshares, Inc. (NASDAQ:AMNB) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

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

A number of other research firms have also recently weighed in on AMNB. Keefe, Bruyette & Woods restated a buy rating and issued a $39.00 price target on shares of American National Bankshares in a report on Thursday, July 27th. ValuEngine cut shares of American National Bankshares from a buy rating to a hold rating in a report on Monday, July 24th. Finally, BidaskClub cut shares of American National Bankshares from a hold rating to a sell rating in a report on Wednesday, July 19th.

Shares of American National Bankshares (NASDAQ:AMNB) traded up 0.41% on Thursday, reaching $36.65. 3,179 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $36.88 and a 200-day moving average price of $36.84. The company has a market cap of $316.73 million, a PE ratio of 19.29 and a beta of 0.78. American National Bankshares has a 12-month low of $26.14 and a 12-month high of $42.50.

American National Bankshares (NASDAQ:AMNB) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. American National Bankshares had a net margin of 22.82% and a return on equity of 8.05%. The company had revenue of $17.26 million for the quarter, compared to analysts’ expectations of $16.93 million. Equities research analysts anticipate that American National Bankshares will post $2.01 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, August 30th. American National Bankshares’s dividend payout ratio is currently 50.79%.

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of American National Bankshares by 4.4% in the 1st quarter. Geode Capital Management LLC now owns 49,093 shares of the financial services provider’s stock valued at $1,828,000 after buying an additional 2,073 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of American National Bankshares by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 349,824 shares of the financial services provider’s stock valued at $13,031,000 after buying an additional 10,209 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of American National Bankshares by 18.7% in the 1st quarter. California Public Employees Retirement System now owns 17,800 shares of the financial services provider’s stock valued at $663,000 after buying an additional 2,800 shares in the last quarter. Systematic Financial Management LP boosted its holdings in shares of American National Bankshares by 18.7% in the 1st quarter. Systematic Financial Management LP now owns 94,625 shares of the financial services provider’s stock valued at $3,525,000 after buying an additional 14,875 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of American National Bankshares in the 1st quarter valued at about $4,589,000. Institutional investors and hedge funds own 34.47% 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. The Community banking segment involves making loans to and generating deposits from individuals and businesses.

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