American National BankShares (AMNB) Stock Rating Lowered by BidaskClub

American National BankShares (NASDAQ:AMNB) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.

A number of other brokerages have also weighed in on AMNB. Keefe, Bruyette & Woods lowered American National BankShares from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th. ValuEngine lowered American National BankShares from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Raymond James Financial reaffirmed a “market perform” rating on shares of American National BankShares in a research report on Friday, October 20th. National Bank Financial lowered American National BankShares to a “market perform” rating in a research report on Friday, October 20th. Finally, Zacks Investment Research raised American National BankShares from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.50.

Shares of American National BankShares (NASDAQ AMNB) opened at $37.40 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $323.41, a price-to-earnings ratio of 21.25 and a beta of 0.75. American National BankShares has a 1 year low of $33.80 and a 1 year high of $42.99.

American National BankShares (NASDAQ:AMNB) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The business had revenue of $18.17 million during the quarter, compared to analyst estimates of $18.02 million. American National BankShares had a return on equity of 8.65% and a net margin of 19.74%. equities research analysts predict that American National BankShares will post 2.55 earnings per share for the current year.

American National BankShares announced that its Board of Directors has authorized a share buyback plan on Friday, January 19th that permits the company to buyback 300,000 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

In other news, Director F D. Hornaday III sold 1,500 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $60,465.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles H. Majors sold 907 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $39.50, for a total value of $35,826.50. Following the completion of the transaction, the director now directly owns 54,902 shares of the company’s stock, valued at $2,168,629. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,074 shares of company stock valued at $121,842. 6.39% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its position in shares of American National BankShares by 46.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 15,700 shares of the financial services provider’s stock worth $581,000 after acquiring an additional 5,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of American National BankShares by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 290,000 shares of the financial services provider’s stock worth $10,716,000 after acquiring an additional 10,729 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of American National BankShares by 52.4% in the 2nd quarter. Alliancebernstein L.P. now owns 12,800 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 4,400 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 worth $13,034,000 after acquiring an additional 2,939 shares in the last quarter. Finally, Maltese Capital Management LLC bought a new position in shares of American National BankShares in the 3rd quarter worth $997,000. 33.28% of the stock is owned by hedge funds and other institutional investors.

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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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