Shares of American National Bankshares Inc. (NASDAQ:AMNB) have been given an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation. American National Bankshares’ rating score has improved by 25.1% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus target price of $30.00 for the company and are predicting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given American National Bankshares an industry rank of 155 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded American National Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th.
Shares of American National Bankshares (NASDAQ:AMNB) opened at 27.80 on Thursday. The company has a market capitalization of $239.33 million, a PE ratio of 14.25 and a beta of 0.64. The company’s 50 day moving average is $27.35 and its 200-day moving average is $26.58. American National Bankshares has a 52 week low of $22.29 and a 52 week high of $28.50.
American National Bankshares (NASDAQ:AMNB) last announced its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. American National Bankshares had a return on equity of 8.46% and a net margin of 24.44%. On average, analysts expect that American National Bankshares will post $1.85 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of AMNB. Geode Capital Management LLC boosted its position in American National Bankshares by 1.7% in the first quarter. Geode Capital Management LLC now owns 44,710 shares of the financial services provider’s stock valued at $1,132,000 after buying an additional 742 shares in the last quarter. State Street Corp boosted its position in American National Bankshares by 8.5% in the first quarter. State Street Corp now owns 120,069 shares of the financial services provider’s stock valued at $3,042,000 after buying an additional 9,368 shares in the last quarter. Bank of New York Mellon Corp boosted its position in American National Bankshares by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 45,479 shares of the financial services provider’s stock valued at $1,145,000 after buying an additional 415 shares in the last quarter. Alliancebernstein L.P. purchased a new position in American National Bankshares during the second quarter valued at about $201,000. Finally, BlackRock Investment Management LLC boosted its position in American National Bankshares by 5.4% in the second quarter. BlackRock Investment Management LLC now owns 35,238 shares of the financial services provider’s stock valued at $887,000 after buying an additional 1,811 shares in the last quarter. Institutional investors and hedge funds own 30.91% 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. Community banking involves making loans to and generating deposits from individuals and businesses.
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