American National BankShares (NASDAQ:AMNB) will release its earnings data after the market closes on Wednesday, April 18th. Analysts expect American National BankShares to post earnings of $0.58 per share for the quarter.
American National BankShares (NASDAQ:AMNB) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The firm had revenue of $18.17 million during the quarter, compared to analysts’ expectations of $18.02 million. American National BankShares had a net margin of 19.74% and a return on equity of 8.64%. On average, analysts expect American National BankShares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NASDAQ:AMNB opened at $39.10 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $333.99, a P/E ratio of 18.89 and a beta of 0.65. American National BankShares has a fifty-two week low of $34.60 and a fifty-two week high of $42.99.
American National BankShares declared that its Board of Directors has approved a stock buyback plan on Friday, January 19th that allows the company to repurchase 300,000 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Several brokerages have commented on AMNB. Zacks Investment Research raised shares of American National BankShares from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Wednesday, April 4th. BidaskClub raised shares of American National BankShares from a “hold” rating to a “buy” rating in a research report on Thursday, March 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $40.50.
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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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