American National BankShares (NASDAQ:AMNB) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
A number of other brokerages have also issued reports on AMNB. 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 report on Tuesday, January 9th. ValuEngine upgraded shares of American National BankShares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $40.50.
American National BankShares (NASDAQ:AMNB) opened at $38.10 on Tuesday. The company has a market cap of $324.40, a PE ratio of 21.43 and a beta of 0.73. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. American National BankShares has a 12-month low of $34.60 and a 12-month high of $42.99.
American National BankShares (NASDAQ:AMNB) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The firm had revenue of $18.17 million during the quarter, compared to analyst estimates of $18.02 million. American National BankShares had a net margin of 19.74% and a return on equity of 8.65%. research analysts expect that American National BankShares will post 2.58 EPS for the current fiscal year.
American National BankShares declared that its Board of Directors has initiated a share buyback plan on Friday, January 19th that authorizes the company to repurchase 300,000 shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in American National BankShares by 0.8% in the 4th quarter. BlackRock Inc. now owns 592,606 shares of the financial services provider’s stock valued at $22,697,000 after buying an additional 4,910 shares in the last quarter. Vanguard Group Inc. lifted its holdings in American National BankShares by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 352,763 shares of the financial services provider’s stock valued at $13,034,000 after acquiring an additional 2,939 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in American National BankShares by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 297,043 shares of the financial services provider’s stock valued at $12,238,000 after acquiring an additional 7,043 shares during the last quarter. State Street Corp lifted its holdings in American National BankShares by 4.4% in the 2nd quarter. State Street Corp now owns 159,630 shares of the financial services provider’s stock valued at $5,899,000 after acquiring an additional 6,687 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in American National BankShares by 1.5% in the 2nd quarter. Northern Trust Corp now owns 102,263 shares of the financial services provider’s stock valued at $3,779,000 after acquiring an additional 1,527 shares during the last quarter. Hedge funds and other institutional investors own 33.91% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2018/03/08/bidaskclub-upgrades-american-national-bankshares-amnb-to-hold.html.
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.
Receive News & Ratings for American National BankShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National BankShares and related companies with MarketBeat.com's FREE daily email newsletter.