American National Bankshares (NASDAQ:AMNB) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of American National Bankshares (NASDAQ:AMNB) in a report released on Friday morning. The firm issued a sell rating on the financial services provider’s stock.

American National Bankshares Trading Down 0.3 %

Shares of AMNB opened at $47.76 on Friday. The company has a market cap of $507.69 million, a price-to-earnings ratio of 19.49 and a beta of 0.91. American National Bankshares has a 52-week low of $25.26 and a 52-week high of $50.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a fifty day moving average price of $46.56 and a two-hundred day moving average price of $44.88.

American National Bankshares (NASDAQ:AMNB) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.31). The firm had revenue of $36.27 million for the quarter. American National Bankshares had a return on equity of 7.88% and a net margin of 18.88%. Analysts predict that American National Bankshares will post 2.6 EPS for the current fiscal year.

American National Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. American National Bankshares’s payout ratio is currently 48.98%.

Institutional Investors Weigh In On American National Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of American National Bankshares during the third quarter worth $92,000. SG Americas Securities LLC bought a new stake in American National Bankshares in the third quarter valued at about $168,000. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in American National Bankshares in the fourth quarter valued at about $246,000. Atlantic Union Bankshares Corp bought a new stake in American National Bankshares in the fourth quarter valued at about $318,000. Finally, Wolverine Asset Management LLC bought a new stake in American National Bankshares in the third quarter valued at about $560,000. Institutional investors own 47.92% of the company’s stock.

About American National Bankshares

As of April 1, 2024, American National Bankshares Inc was acquired by Atlantic Union Bankshares Corporation. American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that engages in the provision of financial products and services. The company operates through two segments: Community Banking and Wealth Management.