American National Bankshares Inc. (AMNB) Lowered to “Strong Sell” at Zacks Investment Research
American National Bankshares Inc. (NASDAQ:AMNB) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday.
According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “
American National Bankshares (NASDAQ:AMNB) traded up 2.40% during mid-day trading on Monday, reaching $28.11. 8,662 shares of the company traded hands. American National Bankshares has a 52-week low of $22.29 and a 52-week high of $28.50. The stock has a market capitalization of $242.00 million, a PE ratio of 14.41 and a beta of 0.64. The firm’s 50-day moving average is $27.22 and its 200 day moving average is $26.50.
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American National Bankshares (NASDAQ:AMNB) last posted its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ 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%. On average, equities research analysts expect that American National Bankshares will post $1.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.42%. American National Bankshares’s dividend payout ratio is currently 49.23%.
Several hedge funds have recently bought and sold shares of 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 worth $8,422,000 after buying an additional 22,138 shares in the last quarter. 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 worth $6,359,000 after buying an additional 13,466 shares in the last quarter. State Street Corp raised its stake in American National Bankshares by 4.1% in the second quarter. State Street Corp now owns 124,937 shares of the financial services provider’s stock worth $3,148,000 after buying an additional 4,868 shares in the last quarter. Renaissance Technologies LLC raised its stake in American National Bankshares by 12.6% in the first quarter. Renaissance Technologies LLC now owns 68,300 shares of the financial services provider’s stock worth $1,730,000 after buying an additional 7,630 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in American National Bankshares by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 45,479 shares of the financial services provider’s stock worth $1,145,000 after buying an additional 415 shares in the last quarter. Institutional investors own 30.83% of the company’s stock.
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.
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