BB&T Corp. Initiates Coverage on American National Bankshares (AMNB)
Equities research analysts at BB&T Corp. assumed coverage on shares of American National Bankshares (NASDAQ:AMNB) in a research note issued to investors on Monday, Analyst Ratings.Net reports. The firm set a “hold” rating on the stock. The analysts noted that the move was a valuation call.
Shares of American National Bankshares (NASDAQ:AMNB) traded down 0.08% on Monday, hitting $24.33. The stock had a trading volume of 2,254 shares. American National Bankshares has a 52-week low of $19.60 and a 52-week high of $27.74. The stock’s 50-day moving average is $25.19 and its 200-day moving average is $23.67. The company has a market cap of $191.9 million and a price-to-earnings ratio of 11.60.
American National Bankshares (NASDAQ:AMNB) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.08. Analysts expect that American National Bankshares will post $2.06 EPS for the current fiscal year.
Separately, analysts at Zacks downgraded shares of American National Bankshares from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $27.50 price target on the stock. Four analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $24.83.
American National Bankshares Inc is a bank holding company. American National Bank and Trust Company is the only banking subsidiary of the Company.
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