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 to clients and investors 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 mid-day trading on Wednesday, hitting $27.56. 5,612 shares of the stock traded hands. The stock has a 50-day moving average of $26.75 and a 200-day moving average of $26.21. The company has a market cap of $237.26 million, a price-to-earnings ratio of 14.13 and a beta of 0.63. American National Bankshares has a 52 week low of $22.29 and a 52 week high of $28.06.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/zacks-investment-research-downgrades-american-national-bankshares-inc-amnb-to-hold.html

American National Bankshares (NASDAQ:AMNB) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. American National Bankshares had a net margin of 24.44% and a return on equity of 8.46%. Analysts anticipate that American National Bankshares will post $1.85 EPS for the current year.

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

A number of hedge funds have recently added to or reduced their stakes in AMNB. Vanguard Group Inc. raised its stake in 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 in the last quarter. Trust Co. of Virginia VA acquired a new stake in American National Bankshares during the second quarter valued at approximately $417,000. Dimensional Fund Advisors LP raised its stake in 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 in the last quarter. FCG Advisors LLC acquired a new stake in American National Bankshares during the second quarter valued at approximately $277,000. Finally, Wedge Capital Management L L P NC raised its stake in American National Bankshares by 109.1% in the second quarter. Wedge Capital Management L L P NC now owns 20,700 shares of the financial services provider’s stock valued at $521,000 after buying an additional 10,800 shares in the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

About American National Bankshares

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

Get a free copy of the Zacks research report on American National Bankshares (AMNB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for American National Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Bankshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.