American National Bankshares Inc. (NASDAQ:AMNB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

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

Shares of American National Bankshares (NASDAQ:AMNB) traded up 2.04% during midday trading on Wednesday, hitting $27.56. The stock had a trading volume of 5,612 shares. The firm’s 50-day moving average price is $26.75 and its 200-day moving average price is $26.21. The firm has a market capitalization of $237.26 million, a PE ratio of 14.13 and a beta of 0.63. American National Bankshares has a one year low of $22.29 and a one year high of $28.06.

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American National Bankshares (NASDAQ:AMNB) last posted its earnings results on Thursday, July 21st. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. American National Bankshares had a return on equity of 8.46% and a net margin of 24.44%. On average, equities analysts predict that American National Bankshares will post $1.85 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 3.48%. American National Bankshares’s dividend payout ratio (DPR) is presently 49.23%.

Institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. bought a new position in American National Bankshares during the second quarter valued at approximately $201,000. BlackRock Investment Management LLC increased its position in shares of American National Bankshares by 5.4% in the second quarter. BlackRock Investment Management LLC now owns 35,238 shares of the financial services provider’s stock valued at $887,000 after buying an additional 1,811 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of American National Bankshares by 1.2% in the second quarter. BlackRock Advisors LLC now owns 4,694 shares of the financial services provider’s stock valued at $118,000 after buying an additional 55 shares during the last quarter. Vanguard Group Inc. increased its position in shares of American National Bankshares by 7.1% in the second quarter. Vanguard Group Inc. now owns 334,459 shares of the financial services provider’s stock valued at $8,422,000 after buying an additional 22,138 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of American National Bankshares by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 252,538 shares of the financial services provider’s stock valued at $6,359,000 after buying an additional 13,466 shares during the last quarter. Institutional investors and hedge funds own 30.83% of the company’s stock.

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. Community banking involves making loans to and generating deposits from individuals and businesses.

5 Day Chart for NASDAQ:AMNB

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