American National Bankshares, Inc. (AMNB) Given Consensus Rating of “Hold” by Analysts

Shares of American National Bankshares, Inc. (NASDAQ:AMNB) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $43.00.

A number of research firms recently commented on AMNB. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of American National Bankshares in a report on Friday, October 20th. National Bank Financial lowered shares of American National Bankshares to a “market perform” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods lowered shares of American National Bankshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th. ValuEngine lowered shares of American National Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Monday, September 18th.

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In other news, Director Charles H. Majors sold 1,800 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $39.51, for a total value of $71,118.00. Following the sale, the director now directly owns 55,786 shares of the company’s stock, valued at approximately $2,204,104.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.39% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position 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 worth $13,031,000 after buying an additional 10,209 shares during the period. Geode Capital Management LLC grew its position in shares of American National Bankshares by 4.4% in 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. grew its position in shares of American National Bankshares by 6.9% in 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. Schwab Charles Investment Management Inc. grew its position in shares of American National Bankshares by 46.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 15,700 shares of the financial services provider’s stock worth $581,000 after buying an additional 5,000 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of American National Bankshares by 2.3% in 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. 34.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American National Bankshares (NASDAQ:AMNB) opened at $37.65 on Tuesday. American National Bankshares has a 12 month low of $28.69 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 stock has a market cap of $325.14, a price-to-earnings ratio of 18.89 and a beta of 0.74.

American National Bankshares (NASDAQ:AMNB) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, beating the Zacks’ 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 company had revenue of $18.14 million during the quarter, compared to analyst estimates of $17.56 million. analysts forecast that American National Bankshares will post 2.05 earnings per share for the current fiscal year.

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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