American National BankShares (AMNB) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of American National BankShares (NASDAQ:AMNB) from a sell rating to a hold rating in a report released on Wednesday, May 8th, ValuEngine reports.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of American National BankShares from a sell rating to a hold rating in a research report on Tuesday, April 23rd. BidaskClub raised shares of American National BankShares from a sell rating to a hold rating in a research report on Wednesday, March 27th. Finally, Raymond James set a $38.00 price target on shares of American National BankShares and gave the stock a buy rating in a research note on Friday, January 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $39.00.

Shares of NASDAQ:AMNB traded down $0.13 during mid-day trading on Wednesday, reaching $34.88. 17,194 shares of the company were exchanged, compared to its average volume of 16,383. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $387.20 million, a P/E ratio of 12.97 and a beta of 0.95. American National BankShares has a 1 year low of $28.39 and a 1 year high of $42.85.

American National BankShares (NASDAQ:AMNB) last issued 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 company had revenue of $18.52 million during the quarter, compared to analysts’ expectations of $17.83 million. Research analysts forecast that American National BankShares will post 3.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. American National BankShares’s dividend payout ratio is presently 37.17%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its stake 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 purchasing an additional 1,442 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of 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. SEI Investments Co purchased a new stake in shares of American National BankShares in the first quarter valued at about $104,000. Macquarie Group Ltd. boosted its holdings in shares of American National BankShares by 703.3% in the third quarter. Macquarie Group Ltd. now owns 3,213 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 2,813 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of American National BankShares in the fourth quarter valued at about $163,000. Institutional investors own 31.52% of the company’s stock.

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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