American National BankShares Inc (NASDAQ:AMNB) announced a quarterly dividend on Friday, July 20th, Wall Street Journal reports. Shareholders of record on Friday, September 7th will be paid a dividend of 0.25 per share by the financial services provider on Friday, September 21st. This represents a $1.00 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, September 6th.

American National BankShares has increased its dividend by an average of 1.8% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. American National BankShares has a payout ratio of 37.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American National BankShares to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 33.9%.

American National BankShares traded up $0.62, hitting $41.27, during mid-day trading on Friday, Marketbeat Ratings reports. 608 shares of the company traded hands, compared to its average volume of 7,855. American National BankShares has a one year low of $34.95 and a one year high of $42.99. The firm has a market cap of $346.21 million, a PE ratio of 19.94 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.89 and a quick ratio of 0.89.

American National BankShares (NASDAQ:AMNB) last announced its earnings results on Thursday, July 19th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $18.35 million during the quarter, compared to analyst estimates of $18.01 million. American National BankShares had a net margin of 21.43% and a return on equity of 9.42%. research analysts anticipate that American National BankShares will post 2.65 earnings per share for the current year.

In other news, Director F D. Hornaday III sold 3,742 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $39.26, for a total value of $146,910.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director F D. Hornaday III sold 2,033 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $39.25, for a total transaction of $79,795.25. Following the completion of the sale, the director now owns 25,117 shares of the company’s stock, valued at $985,842.25. The disclosure for this sale can be found here. Insiders own 5.91% of the company’s stock.

A number of brokerages have recently weighed in on AMNB. BidaskClub lowered shares of American National BankShares from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Zacks Investment Research lowered shares of American National BankShares from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $40.50.

American National BankShares Company Profile

American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segments, Community Banking, and Trust and Investment Services. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits, as well as certificates of deposit.

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Dividend History for American National BankShares (NASDAQ:AMNB)

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