American National BankShares Inc (AMNB) Receives Average Recommendation of “Buy” from Brokerages

Shares of American National BankShares Inc (NASDAQ:AMNB) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a buy rating.

Brokers have set a 12 month consensus target price of $38.00 for the company and are predicting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also assigned American National BankShares an industry rank of 52 out of 265 based on the ratings given to related companies.

A number of research firms recently issued reports on AMNB. Zacks Investment Research upgraded American National BankShares from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Friday, March 17th. Keefe, Bruyette & Woods set a $39.00 price objective on American National BankShares and gave the company a “buy” rating in a research report on Tuesday, April 4th.

American National BankShares (NASDAQ:AMNB) traded up 3.09% during mid-day trading on Tuesday, hitting $38.40. 29,808 shares of the company were exchanged. The firm has a 50 day moving average price of $36.55 and a 200 day moving average price of $33.54. American National BankShares has a 12 month low of $24.36 and a 12 month high of $42.49. The stock has a market cap of $331.70 million, a price-to-earnings ratio of 20.32 and a beta of 0.79.

American National BankShares (NASDAQ:AMNB) last released its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.04. American National BankShares had a return on equity of 8.06% and a net margin of 23.40%. The business earned $16.41 million during the quarter, compared to analyst estimates of $16.10 million. Analysts anticipate that American National BankShares will post $1.96 EPS for the current fiscal year.

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In related news, VP R Helm Dobbins sold 4,387 shares of the business’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $36.28, for a total transaction of $159,160.36. Following the completion of the transaction, the vice president now owns 13,603 shares in the company, valued at approximately $493,516.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ramsey K. Hamadi acquired 1,400 shares of American National BankShares stock in a transaction that occurred on Monday, February 6th. The shares were bought at an average price of $36.20 per share, with a total value of $50,680.00. Following the transaction, the vice president now directly owns 18,092 shares in the company, valued at $654,930.40. The disclosure for this purchase can be found here. Insiders own 5.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position in American National BankShares by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 96,100 shares of the financial services provider’s stock worth $3,344,000 after buying an additional 14,990 shares in the last quarter. Systematic Financial Management LP bought a new position in American National BankShares during the fourth quarter worth about $2,775,000. Dimensional Fund Advisors LP raised its position in American National BankShares by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 266,584 shares of the financial services provider’s stock worth $9,278,000 after buying an additional 10,599 shares in the last quarter. State Street Corp raised its position in American National BankShares by 11.8% in the fourth quarter. State Street Corp now owns 142,498 shares of the financial services provider’s stock worth $4,957,000 after buying an additional 15,039 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in American National BankShares during the fourth quarter worth about $160,000. Institutional investors and hedge funds own 31.41% of the company’s stock.

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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