American National BankShares Inc (AMNB) Given Consensus Rating of “Hold” by Brokerages

American National BankShares Inc (NASDAQ:AMNB) has received a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $43.00.

Several equities research analysts have commented on AMNB shares. Raymond James Financial reaffirmed a “market perform” rating on shares of American National BankShares in a research note on Friday, October 20th. BidaskClub cut shares of American National BankShares from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Zacks Investment Research cut shares of American National BankShares from a “buy” rating to a “hold” rating in a report on Friday, September 15th. National Bank Financial cut shares of American National BankShares to a “market perform” rating in a report on Friday, October 20th. Finally, Keefe, Bruyette & Woods cut shares of American National BankShares from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th.

In other news, Director Charles H. Majors sold 907 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $39.50, for a total value of $35,826.50. Following the completion of the transaction, the director now owns 54,902 shares in the company, valued at $2,168,629. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director F D. Hornaday III sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $60,465.00. The disclosure for this sale can be found here. Insiders sold 4,500 shares of company stock valued at $179,052 in the last quarter. Corporate insiders own 6.39% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AMNB. Maltese Capital Management LLC acquired a new position in shares of American National BankShares in the third quarter valued at approximately $997,000. Systematic Financial Management LP boosted its holdings in American National BankShares by 21.0% during the second quarter. Systematic Financial Management LP now owns 114,510 shares of the financial services provider’s stock worth $4,231,000 after purchasing an additional 19,885 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in American National BankShares by 20.1% during the second quarter. New York State Common Retirement Fund now owns 106,990 shares of the financial services provider’s stock worth $3,953,000 after purchasing an additional 17,889 shares during the last quarter. First Trust Advisors LP boosted its holdings in American National BankShares by 200.3% during the second quarter. First Trust Advisors LP now owns 20,013 shares of the financial services provider’s stock worth $739,000 after purchasing an additional 13,348 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in American National BankShares by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 290,000 shares of the financial services provider’s stock worth $10,716,000 after purchasing an additional 10,729 shares during the last quarter. Institutional investors own 33.32% of the company’s stock.

Shares of American National BankShares (NASDAQ AMNB) opened at $37.75 on Wednesday. American National BankShares has a 12 month low of $33.80 and a 12 month high of $42.99. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. The company has a market cap of $326.44, a P/E ratio of 18.97 and a beta of 0.74.

American National BankShares (NASDAQ:AMNB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. American National BankShares had a net margin of 23.04% and a return on equity of 8.39%. The firm had revenue of $18.14 million during the quarter, compared to the consensus estimate of $17.56 million. equities research analysts forecast that American National BankShares will post 2.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, November 30th. This is a boost from American National BankShares’s previous quarterly dividend of $0.24. American National BankShares’s dividend payout ratio is 50.25%.

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American National BankShares Company Profile

American National Bankshares Inc is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. The Community banking segment involves making loans to and generating deposits from individuals and businesses.

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