American National BankShares (AMNB) Downgraded to Sell at Zacks Investment Research

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Zacks Investment Research downgraded shares of American National BankShares (NASDAQ:AMNB) from a hold rating to a sell rating in a report issued on Thursday morning.

According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “

Other equities research analysts have also recently issued reports about the company. Raymond James set a $38.00 target price on American National BankShares and gave the company a buy rating in a research note on Friday, January 18th. ValuEngine raised American National BankShares from a sell rating to a hold rating in a research note on Friday, March 1st. Finally, BidaskClub raised American National BankShares from a sell rating to a hold rating in a research note on Saturday, February 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. American National BankShares presently has a consensus rating of Hold and a consensus price target of $38.33.

Shares of NASDAQ AMNB traded down $0.06 during midday trading on Thursday, hitting $34.52. The stock had a trading volume of 100 shares, compared to its average volume of 12,427. The stock has a market capitalization of $302.82 million, a P/E ratio of 12.84 and a beta of 0.94. American National BankShares has a fifty-two week low of $28.39 and a fifty-two week high of $42.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.89.

American National BankShares (NASDAQ:AMNB) last released its earnings results on Thursday, January 17th. The financial services provider reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.03). The firm had revenue of $18.01 million during the quarter, compared to analyst estimates of $18.73 million. American National BankShares had a net margin of 27.52% and a return on equity of 10.89%. Equities research analysts forecast that American National BankShares will post 2.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a $0.25 dividend. The ex-dividend date is Thursday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.90%. American National BankShares’s dividend payout ratio is currently 37.17%.

In other American National BankShares news, Director Dan Miller Pleasant bought 1,060 shares of American National BankShares stock in a transaction on Tuesday, January 22nd. The shares were purchased at an average cost of $32.87 per share, for a total transaction of $34,842.20. Following the completion of the acquisition, the director now owns 20,155 shares in the company, valued at approximately $662,494.85. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Hunter Gregg Strader sold 930 shares of American National BankShares stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $32.40, for a total value of $30,132.00. The disclosure for this sale can be found here. 5.91% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMNB. FMR LLC acquired a new stake in shares of American National BankShares in the 3rd quarter valued at about $2,388,000. Bank of America Corp DE raised its stake in shares of American National BankShares by 532.0% in the 4th quarter. Bank of America Corp DE now owns 31,175 shares of the financial services provider’s stock valued at $914,000 after purchasing an additional 26,242 shares during the period. BlackRock Inc. raised its stake in shares of American National BankShares by 3.5% in the 4th quarter. BlackRock Inc. now owns 623,737 shares of the financial services provider’s stock valued at $18,280,000 after purchasing an additional 21,194 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of American National BankShares by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 373,505 shares of the financial services provider’s stock valued at $10,947,000 after purchasing an additional 12,763 shares during the period. Finally, Woodmont Investment Counsel LLC acquired a new stake in shares of American National BankShares in the 3rd quarter valued at about $401,000. 38.73% of the stock is currently owned by hedge funds and other institutional investors.

About American National BankShares

American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segments, Community Banking, and Trust and Investment Services. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits, as well as certificates of deposit.

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