Zacks Investment Research upgraded shares of American National Bankshares, Inc. (NASDAQ:AMNB) from a hold rating to a buy rating in a report released on Friday. They currently have $41.00 price target on the financial services provider’s stock.

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

Several other analysts have also recently commented on AMNB. ValuEngine raised shares of American National Bankshares from a hold rating to a buy rating in a research note on Friday, June 2nd. BidaskClub cut shares of American National Bankshares from a hold rating to a sell rating in a research note on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and set a $39.00 price target on shares of American National Bankshares in a research report on Friday, May 19th.

Shares of American National Bankshares (NASDAQ AMNB) opened at 36.65 on Friday. American National Bankshares has a 1-year low of $26.14 and a 1-year high of $42.49. The stock 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 price is $36.88 and its 200 day moving average price is $36.84.

American National Bankshares (NASDAQ:AMNB) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 during the quarter, compared to the consensus estimate of $16.93 million. Equities research analysts expect that American National Bankshares will post $2.01 earnings per share for the current fiscal year.

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

Several large investors have recently made changes to their positions in AMNB. Bank of America Corp DE grew its position in American National Bankshares by 10.8% in the 1st quarter. Bank of America Corp DE now owns 2,801 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 273 shares during the last quarter. American International Group Inc. boosted its holdings 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 acquiring an additional 328 shares in the last quarter. Wells Fargo & Company MN boosted its holdings 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 acquiring an additional 159 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings 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 acquiring an additional 1,223 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings 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 acquiring an additional 847 shares in the last quarter. 34.47% 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. The Community banking segment involves making loans to and generating deposits from individuals and businesses.

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