American National BankShares (NASDAQ:AMNB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.
Other analysts have also issued reports about the company. Zacks Investment Research raised American National BankShares from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, September 19th. Raymond James raised American National BankShares from a “market perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research note on Wednesday, October 3rd. Finally, ValuEngine lowered American National BankShares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $41.50.
Shares of AMNB stock opened at $37.30 on Thursday. American National BankShares has a 12 month low of $34.95 and a 12 month high of $42.99. The stock has a market cap of $339.75 million, a PE ratio of 18.17 and a beta of 0.64. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.13.
American National BankShares (NASDAQ:AMNB) last announced its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. American National BankShares had a return on equity of 10.15% and a net margin of 23.11%. The firm had revenue of $18.35 million for the quarter, compared to analyst estimates of $18.01 million. Equities analysts predict that American National BankShares will post 2.73 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of American National BankShares by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 335,083 shares of the financial services provider’s stock worth $12,599,000 after acquiring an additional 20,020 shares during the last quarter. Millennium Management LLC bought a new position in shares of American National BankShares during the first quarter worth about $518,000. Martingale Asset Management L P bought a new position in shares of American National BankShares during the second quarter worth about $537,000. BlackRock Inc. raised its position in shares of American National BankShares by 1.9% during the second quarter. BlackRock Inc. now owns 598,790 shares of the financial services provider’s stock worth $23,952,000 after acquiring an additional 10,939 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of American National BankShares by 6.1% during the second quarter. Renaissance Technologies LLC now owns 135,376 shares of the financial services provider’s stock worth $5,415,000 after acquiring an additional 7,776 shares during the last quarter. 34.46% 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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