BidaskClub upgraded shares of American National BankShares (NASDAQ:AMNB) from a sell rating to a hold rating in a research report sent to investors on Tuesday.
A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered American National BankShares from a buy rating to a hold rating in a research note on Tuesday, February 13th. ValuEngine raised American National BankShares from a hold rating to a buy rating in a research note on Sunday, December 31st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. American National BankShares currently has a consensus rating of Hold and a consensus target price of $40.50.
Shares of American National BankShares (NASDAQ AMNB) opened at $37.55 on Tuesday. American National BankShares has a 52 week low of $34.60 and a 52 week 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 stock has a market capitalization of $324.40, a P/E ratio of 18.20 and a beta of 0.73.
American National BankShares (NASDAQ:AMNB) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. American National BankShares had a return on equity of 8.65% and a net margin of 19.74%. The firm had revenue of $18.17 million for the quarter, compared to analyst estimates of $18.02 million. equities analysts forecast that American National BankShares will post 2.58 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Thursday, March 1st. American National BankShares’s dividend payout ratio is presently 57.14%.
American National BankShares announced that its board has approved a share repurchase program on Friday, January 19th that permits the company to buyback 300,000 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Several hedge funds have recently added to or reduced their stakes in the company. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of American National BankShares during the 4th quarter worth $155,000. MetLife Investment Advisors LLC acquired a new stake in shares of American National BankShares during the 4th quarter worth $165,000. Deutsche Bank AG increased its holdings in shares of American National BankShares by 11.9% during the 4th quarter. Deutsche Bank AG now owns 35,210 shares of the financial services provider’s stock worth $1,348,000 after buying an additional 3,751 shares during the last quarter. BlackRock Inc. increased its holdings in shares of American National BankShares by 0.8% during the 4th quarter. BlackRock Inc. now owns 592,606 shares of the financial services provider’s stock worth $22,697,000 after buying an additional 4,910 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of American National BankShares by 31.9% during the 4th quarter. Wells Fargo & Company MN now owns 14,071 shares of the financial services provider’s stock worth $539,000 after buying an additional 3,407 shares during the last quarter. Institutional investors and hedge funds own 33.91% of the company’s stock.
About American National BankShares
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.