American National BankShares (AMNB) Upgraded at BidaskClub

BidaskClub upgraded shares of American National BankShares (NASDAQ:AMNB) from a strong sell rating to a sell rating in a research report released on Monday.

AMNB has been the subject of a number of other reports. Keefe, Bruyette & Woods upgraded shares of American National BankShares from a market perform rating to an outperform rating and boosted their target price for the company from $41.00 to $43.00 in a research note on Thursday, November 8th. Zacks Investment Research upgraded shares of American National BankShares from a hold rating to a buy rating and set a $42.00 target price for the company in a research note on Friday, October 5th. Raymond James upgraded shares of American National BankShares from an outperform rating to a strong-buy rating in a research note on Monday. Finally, ValuEngine upgraded shares of American National BankShares from a sell rating to a hold rating in a research note on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $39.33.

Shares of NASDAQ AMNB opened at $32.18 on Monday. American National BankShares has a twelve month low of $28.39 and a twelve month high of $42.85. The company has a market capitalization of $278.86 million, a P/E ratio of 15.55 and a beta of 0.88. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13.

American National BankShares (NASDAQ:AMNB) last announced its earnings results on Thursday, October 18th. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $18.13 million for the quarter, compared to analysts’ expectations of $18.49 million. American National BankShares had a net margin of 24.19% and a return on equity of 10.56%. Sell-side analysts expect that American National BankShares will post 2.7 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Friday, December 7th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, December 6th. This represents a $1.00 dividend on an annualized basis and a yield of 3.11%. American National BankShares’s dividend payout ratio is presently 48.31%.

In other American National BankShares news, Director Frank C. Crist, Jr. acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, December 11th. The stock was purchased at an average price of $32.94 per share, with a total value of $65,880.00. Following the transaction, the director now directly owns 113,162 shares in the company, valued at approximately $3,727,556.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Franklin W. Maddux acquired 2,500 shares of the business’s stock in a transaction dated Monday, October 22nd. The shares were acquired at an average cost of $37.40 per share, with a total value of $93,500.00. Following the transaction, the director now owns 20,402 shares in the company, valued at $763,034.80. The disclosure for this purchase can be found here. In the last three months, insiders have bought 5,698 shares of company stock valued at $202,952. Insiders own 5.91% of the company’s stock.

Several hedge funds have recently modified their holdings of AMNB. SG Americas Securities LLC bought a new stake in shares of American National BankShares during the 2nd quarter valued at $137,000. Schwab Charles Investment Management Inc. boosted its holdings in American National BankShares by 14.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 17,976 shares of the financial services provider’s stock worth $720,000 after buying an additional 2,276 shares during the period. BlackRock Inc. boosted its holdings in American National BankShares by 1.9% in the 2nd quarter. BlackRock Inc. now owns 598,790 shares of the financial services provider’s stock worth $23,952,000 after buying an additional 10,939 shares during the period. Dimensional Fund Advisors LP boosted its holdings in American National BankShares by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 353,456 shares of the financial services provider’s stock worth $14,138,000 after buying an additional 18,373 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in American National BankShares by 6.1% in the 2nd quarter. Renaissance Technologies LLC now owns 135,376 shares of the financial services provider’s stock worth $5,415,000 after buying an additional 7,776 shares during the period. 34.61% of the stock is owned by hedge funds and other institutional investors.

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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