Raymond James reissued their outperform rating on shares of American National BankShares (NASDAQ:AMNB) in a report issued on Monday, BenzingaRatingsTable reports. Raymond James currently has a $41.00 target price on the financial services provider’s stock.

Several other research firms have also commented on AMNB. BidaskClub upgraded shares of SeaSpine from a strong sell rating to a sell rating in a report on Wednesday, April 24th. Zacks Investment Research lowered shares of Guaranty Federal Bancshares from a hold rating to a sell rating in a report on Tuesday, April 23rd. Finally, ValuEngine upgraded shares of Zogenix from a buy rating to a strong-buy rating in a report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. American National BankShares has a consensus rating of Hold and an average target price of $39.33.

NASDAQ AMNB opened at $37.40 on Monday. American National BankShares has a one year low of $28.39 and a one year high of $42.45. The firm has a 50 day simple moving average of $36.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $421.82 million, a price-to-earnings ratio of 13.94 and a beta of 1.02.

American National BankShares (NASDAQ:AMNB) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. American National BankShares had a net margin of 27.24% and a return on equity of 10.73%. The firm had revenue of $18.52 million for the quarter, compared to analyst estimates of $17.83 million. As a group, sell-side analysts anticipate that American National BankShares will post 3.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.00 annualized dividend and a yield of 2.67%. American National BankShares’s payout ratio is 37.17%.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMNB. BNP Paribas Arbitrage SA grew its position in American National BankShares by 509.5% in the first quarter. BNP Paribas Arbitrage SA now owns 1,725 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,442 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in American National BankShares by 380.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,202 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 2,536 shares in the last quarter. Eagle Ridge Investment Management acquired a new stake in American National BankShares in the first quarter valued at approximately $219,000. Macnealy Hoover Investment Management Inc. acquired a new stake in American National BankShares in the second quarter valued at approximately $264,000. Finally, John W. Rosenthal Capital Management Inc. acquired a new stake in American National BankShares in the first quarter valued at approximately $262,000. Hedge funds and other institutional investors own 31.52% 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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