American National Bankshares, Inc. (AMNB) Rating Lowered to Hold at Zacks Investment Research

American National Bankshares, Inc. (NASDAQ:AMNB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “

A number of other equities analysts have also weighed in on AMNB. Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 price target on shares of American National Bankshares in a research report on Friday, May 19th. ValuEngine upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of American National Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.

Shares of American National Bankshares (NASDAQ:AMNB) opened at 38.20 on Friday. The stock has a market capitalization of $330.12 million, a PE ratio of 20.11 and a beta of 0.78. American National Bankshares has a 12 month low of $26.40 and a 12 month high of $42.50. The stock’s 50 day moving average is $36.88 and its 200 day moving average is $36.87.

American National Bankshares (NASDAQ:AMNB) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $17.26 million for the quarter, compared to analyst estimates of $16.93 million. American National Bankshares had a net margin of 22.82% and a return on equity of 8.05%. Analysts anticipate that American National Bankshares will post $2.01 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of AMNB. Wellington Management Group LLP acquired a new position in American National Bankshares in the 1st quarter valued at about $4,589,000. Systematic Financial Management LP boosted its holdings in American National Bankshares by 21.0% in the 2nd quarter. Systematic Financial Management LP now owns 114,510 shares of the financial services provider’s stock valued at $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% in the 2nd quarter. New York State Common Retirement Fund now owns 106,990 shares of the financial services provider’s stock valued at $3,953,000 after purchasing an additional 17,889 shares during the last quarter. LSV Asset Management boosted its holdings in American National Bankshares by 19.3% in the 1st quarter. LSV Asset Management now owns 86,819 shares of the financial services provider’s stock valued at $3,234,000 after purchasing an additional 14,057 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in American National Bankshares by 200.3% in the 2nd quarter. First Trust Advisors LP now owns 20,013 shares of the financial services provider’s stock valued at $739,000 after purchasing an additional 13,348 shares during the last quarter. Institutional investors own 34.47% of the company’s stock.

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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