American National Bankshares, Inc. (AMNB) Receives “Market Perform” Rating from Raymond James Financial, Inc.

American National Bankshares, Inc. (NASDAQ:AMNB)‘s stock had its “market perform” rating restated by research analysts at Raymond James Financial, Inc. in a report released on Friday.

Several other research analysts have also recently issued reports on AMNB. BidaskClub cut shares of American National Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday, July 24th. ValuEngine cut shares of American National Bankshares from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $39.00 price target on shares of American National Bankshares in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $41.00.

American National Bankshares (AMNB) opened at 42.00 on Friday. American National Bankshares has a 52 week low of $26.41 and a 52 week high of $42.80. The stock has a market cap of $362.96 million, a price-to-earnings ratio of 22.11 and a beta of 0.80. The company has a 50 day moving average price of $39.92 and a 200 day moving average price of $37.69.

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

ILLEGAL ACTIVITY NOTICE: “American National Bankshares, Inc. (AMNB) Receives “Market Perform” Rating from Raymond James Financial, Inc.” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/20/american-national-bankshares-inc-amnb-receives-market-perform-rating-from-raymond-james-financial-inc.html.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of American National Bankshares by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 349,824 shares of the financial services provider’s stock valued at $13,031,000 after acquiring an additional 10,209 shares during the period. Geode Capital Management LLC increased its stake in American National Bankshares by 4.4% during the 1st quarter. Geode Capital Management LLC now owns 49,093 shares of the financial services provider’s stock worth $1,828,000 after buying an additional 2,073 shares during the period. American International Group Inc. increased its stake in American National Bankshares by 6.9% during the 1st quarter. American International Group Inc. now owns 5,049 shares of the financial services provider’s s

Several other research analysts have also recently issued reports on AMNB. BidaskClub cut shares of American National Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday, July 24th. ValuEngine cut shares of American National Bankshares from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $39.00 price target on shares of American National Bankshares in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $41.00.

American National Bankshares (AMNB) opened at 42.00 on Friday. American National Bankshares has a 52 week low of $26.41 and a 52 week high of $42.80. The stock has a market cap of $362.96 million, a price-to-earnings ratio of 22.11 and a beta of 0.80. The company has a 50 day moving average price of $39.92 and a 200 day moving average price of $37.69.

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

ILLEGAL ACTIVITY NOTICE: “American National Bankshares, Inc. (AMNB) Receives “Market Perform” Rating from Raymond James Financial, Inc.” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/20/american-national-bankshares-inc-amnb-receives-market-perform-rating-from-raymond-james-financial-inc.html.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of American National Bankshares by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 349,824 shares of the financial services provider’s stock valued at $13,031,000 after acquiring an additional 10,209 shares during the period. Geode Capital Management LLC increased its stake in American National Bankshares by 4.4% during the 1st quarter. Geode Capital Management LLC now owns 49,093 shares of the financial services provider’s stock worth $1,828,000 after buying an additional 2,073 shares during the period. American International Group Inc. increased its stake in American National Bankshares by 6.9% during the 1st quarter. American International Group Inc. now owns 5,049 shares of the financial services provider’s stock worth $188,000 after buying an additional 328 shares during the period. Wellington Management Group LLP purchased a new stake in American National Bankshares during the 1st quarter worth $4,589,000. Finally, Wells Fargo & Company MN increased its stake in American National Bankshares by 2.3% during the 1st quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock worth $260,000 after buying an additional 159 shares during the period. 34.47% of the stock is currently owned by institutional investors and hedge funds.

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.

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