Zacks Investment Research downgraded shares of American National BankShares (NASDAQ:AMNB) from a hold rating to a sell rating in a research note published on Monday, Zacks.com reports.

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

AMNB has been the topic of several other reports. Raymond James raised shares of American National BankShares from an outperform rating to a strong-buy rating in a research report on Monday, January 7th. BidaskClub raised shares of American National BankShares from a sell rating to a hold rating in a research report on Wednesday, March 27th. Finally, ValuEngine raised shares of American National BankShares from a sell rating to a hold rating in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $39.00.

AMNB opened at $34.90 on Monday. The firm has a market capitalization of $304.20 million, a P/E ratio of 12.91 and a beta of 0.94. American National BankShares has a 12 month low of $28.39 and a 12 month high of $42.85. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13.

American National BankShares (NASDAQ:AMNB) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $18.73 million. American National BankShares had a net margin of 27.52% and a return on equity of 10.89%. As a group, equities analysts forecast that American National BankShares will post 2.95 EPS for the current year.

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

Large investors have recently modified their holdings of the business. Rhumbline Advisers lifted its position in American National BankShares by 43.8% during the 4th quarter. Rhumbline Advisers now owns 11,810 shares of the financial services provider’s stock worth $346,000 after buying an additional 3,599 shares in the last quarter. Renaissance Technologies LLC lifted 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 worth $5,529,000 after buying an additional 6,395 shares in the last quarter. FMR LLC bought a new stake in American National BankShares during the 3rd quarter worth about $2,388,000. BlackRock Inc. lifted its position in American National BankShares by 3.5% during the 4th quarter. BlackRock Inc. now owns 623,737 shares of the financial services provider’s stock worth $18,280,000 after buying an additional 21,194 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 worth $14,069,000 after buying an additional 7,286 shares in the last quarter. 38.64% of the stock is currently owned by hedge funds and other institutional investors.

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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