BidaskClub cut shares of American National BankShares (NASDAQ:AMNB) from a hold rating to a sell rating in a report issued on Friday.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of American National BankShares from a hold rating to a buy rating and set a $34.00 price target for the company in a report on Thursday, January 3rd. Raymond James set a $38.00 price target on shares of American National BankShares and gave the stock a buy rating in a report on Friday, January 18th. Finally, ValuEngine upgraded shares of American National BankShares from a sell rating to a hold rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $38.33.

AMNB stock opened at $34.70 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.89 and a debt-to-equity ratio of 0.13. The company has a market cap of $303.87 million, a P/E ratio of 12.90 and a beta of 0.94. American National BankShares has a 52 week low of $28.39 and a 52 week high of $42.85.

American National BankShares (NASDAQ:AMNB) last posted its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). The company had revenue of $18.01 million for the quarter, compared to analyst estimates of $18.73 million. American National BankShares had a return on equity of 10.89% and a net margin of 27.52%. As a group, analysts anticipate that American National BankShares will post 2.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 28th. American National BankShares’s dividend payout ratio (DPR) is presently 37.17%.

In other American National BankShares news, EVP Hunter Gregg Strader sold 930 shares of American National BankShares stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $32.40, for a total value of $30,132.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dan Miller Pleasant bought 1,060 shares of American National BankShares stock in a transaction on Tuesday, January 22nd. The stock was acquired at an average price of $32.87 per share, with a total value of $34,842.20. Following the completion of the purchase, the director now directly owns 20,155 shares of the company’s stock, valued at $662,494.85. The disclosure for this purchase can be found here. 5.91% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of AMNB. Northern Trust Corp lifted its stake in shares of American National BankShares by 5.3% in the second quarter. Northern Trust Corp now owns 102,768 shares of the financial services provider’s stock worth $4,110,000 after buying an additional 5,148 shares during the last quarter. BlackRock Inc. increased its holdings in American National BankShares by 0.6% in the 3rd quarter. BlackRock Inc. now owns 602,543 shares of the financial services provider’s stock valued at $23,498,000 after buying an additional 3,753 shares during the period. FMR LLC bought a new stake in American National BankShares in the 3rd quarter valued at $2,388,000. Dimensional Fund Advisors LP grew its holdings in shares of American National BankShares by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 360,742 shares of the financial services provider’s stock worth $14,069,000 after purchasing an additional 7,286 shares during the last quarter. Finally, Woodmont Investment Counsel LLC bought a new stake in shares of American National BankShares in the 3rd quarter worth about $401,000. Institutional investors and hedge funds own 38.73% of the company’s stock.

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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