American National Bankshares (NASDAQ:AMNB) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of American National Bankshares (NASDAQ:AMNBFree Report) in a report issued on Thursday. The firm issued a sell rating on the financial services provider’s stock.

American National Bankshares Trading Down 0.3 %

Shares of NASDAQ:AMNB opened at $47.76 on Thursday. The company has a market capitalization of $507.69 million, a P/E ratio of 19.49 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50 day simple moving average is $46.34 and its 200 day simple moving average is $44.59. American National Bankshares has a 1 year low of $25.26 and a 1 year high of $50.76.

American National Bankshares (NASDAQ:AMNBGet Free Report) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.31). American National Bankshares had a return on equity of 7.88% and a net margin of 18.88%. The company had revenue of $36.27 million for the quarter. On average, research analysts anticipate that American National Bankshares will post 2.6 EPS for the current fiscal year.

American National Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, February 16th. American National Bankshares’s dividend payout ratio (DPR) is presently 48.98%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in shares of American National Bankshares in the 1st quarter valued at $27,000. UBS Group AG boosted its stake in American National Bankshares by 103.8% in the third quarter. UBS Group AG now owns 1,392 shares of the financial services provider’s stock valued at $45,000 after buying an additional 709 shares in the last quarter. Citigroup Inc. boosted its stake in American National Bankshares by 154,000.0% in the second quarter. Citigroup Inc. now owns 3,082 shares of the financial services provider’s stock valued at $89,000 after buying an additional 3,080 shares in the last quarter. ORG Partners LLC bought a new position in American National Bankshares in the third quarter valued at about $92,000. Finally, BNP Paribas Arbitrage SA raised its stake in American National Bankshares by 47.2% during the second quarter. BNP Paribas Arbitrage SA now owns 4,052 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 1,299 shares in the last quarter. 47.92% of the stock is owned by institutional investors.

About American National Bankshares

(Get Free Report)

As of April 1, 2024, American National Bankshares Inc was acquired by Atlantic Union Bankshares Corporation. American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that engages in the provision of financial products and services. The company operates through two segments: Community Banking and Wealth Management.

Recommended Stories

Receive News & Ratings for American National Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.