Zacks Investment Research upgraded shares of American National Bankshares, Inc. (NASDAQ:AMNB) from a hold rating to a buy rating in a research report released on Monday morning. The firm currently has $43.00 price target on the financial services provider’s stock.

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

AMNB has been the topic of several other research reports. ValuEngine raised American National Bankshares from a hold rating to a buy rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $39.00 target price on shares of American National Bankshares in a research report on Thursday, July 27th. Finally, BidaskClub cut American National Bankshares from a hold rating to a sell rating in a research report on Wednesday, July 19th.

Shares of American National Bankshares (NASDAQ:AMNB) opened at 38.55 on Monday. The company has a market cap of $333.15 million, a PE ratio of 20.29 and a beta of 0.78. American National Bankshares has a 52 week low of $26.41 and a 52 week high of $42.50. The stock’s 50 day moving average price is $36.90 and its 200-day moving average price is $36.89.

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

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.24 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.96 annualized dividend and a yield of 2.49%. American National Bankshares’s dividend payout ratio is currently 50.79%.

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in 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 worth $104,000 after purchasing an additional 273 shares during the last quarter. American International Group Inc. boosted its position in 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 worth $188,000 after purchasing an additional 328 shares during the last quarter. Wells Fargo & Company MN boosted its position in 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 worth $260,000 after purchasing an additional 159 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in 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 worth $264,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in 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 worth $281,000 after purchasing an additional 847 shares during the last quarter. 34.47% of the stock is currently 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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