BidaskClub upgraded shares of American National BankShares (NASDAQ:AMNB) from a strong sell rating to a sell rating in a research report released on Monday morning.

Several other research firms also recently commented on AMNB. Zacks Investment Research upgraded American National BankShares from a hold rating to a buy rating and set a $34.00 price objective on the stock in a report on Thursday, January 3rd. ValuEngine cut American National BankShares from a hold rating to a sell rating in a research note on Tuesday, October 2nd. Raymond James raised American National BankShares from a market perform rating to an outperform rating and set a $41.00 target price on the stock in a research note on Wednesday, October 3rd. Finally, Keefe, Bruyette & Woods raised American National BankShares from a market perform rating to an outperform rating and raised their target price for the stock from $41.00 to $43.00 in a research note on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $39.33.

AMNB opened at $32.18 on Monday. The stock has a market capitalization of $278.86 million, a PE ratio of 15.55 and a beta of 0.88. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. American National BankShares has a 12 month low of $28.39 and a 12 month high of $42.85.

American National BankShares (NASDAQ:AMNB) last released its quarterly earnings data on Thursday, October 18th. The financial services provider reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). The company had revenue of $18.13 million during the quarter, compared to analysts’ expectations of $18.49 million. American National BankShares had a return on equity of 10.56% and a net margin of 24.19%. On average, analysts predict that American National BankShares will post 2.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Friday, December 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $1.00 annualized dividend and a dividend yield of 3.11%. American National BankShares’s payout ratio is presently 48.31%.

In other American National BankShares news, Director Frank C. Crist, Jr. bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 11th. The shares were bought at an average cost of $32.94 per share, with a total value of $65,880.00. Following the completion of the purchase, the director now directly owns 113,162 shares of the company’s stock, valued at $3,727,556.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Franklin W. Maddux acquired 2,500 shares of the business’s stock in a transaction on Monday, October 22nd. The shares were purchased at an average cost of $37.40 per share, for a total transaction of $93,500.00. Following the completion of the transaction, the director now owns 20,402 shares in the company, valued at approximately $763,034.80. The disclosure for this purchase can be found here. Insiders purchased 5,698 shares of company stock worth $202,952 over the last three months. 5.91% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in American National BankShares by 0.6% during the 3rd quarter. BlackRock Inc. now owns 602,543 shares of the financial services provider’s stock valued at $23,498,000 after acquiring an additional 3,753 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in American National BankShares by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 360,742 shares of the financial services provider’s stock valued at $14,069,000 after acquiring an additional 7,286 shares in the last quarter. Maltese Capital Management LLC boosted its position in American National BankShares by 3.4% during the 3rd quarter. Maltese Capital Management LLC now owns 145,800 shares of the financial services provider’s stock valued at $5,686,000 after acquiring an additional 4,800 shares in the last quarter. Renaissance Technologies LLC boosted its position in American National BankShares by 4.7% during the 3rd quarter. Renaissance Technologies LLC now owns 141,771 shares of the financial services provider’s stock valued at $5,529,000 after acquiring an additional 6,395 shares in the last quarter. Finally, Northern Trust Corp boosted its position in American National BankShares by 5.3% during the 2nd quarter. Northern Trust Corp now owns 102,768 shares of the financial services provider’s stock valued at $4,110,000 after acquiring an additional 5,148 shares in the last quarter. 34.61% of the stock is currently owned by institutional investors and hedge funds.

About American National BankShares

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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