American National Bankshares Inc. (AMNB) Rating 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 report issued on Monday.
According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “
Shares of American National Bankshares (NASDAQ:AMNB) traded up 2.40% on Monday, hitting $28.11. 8,662 shares of the stock were exchanged. American National Bankshares has a 52-week low of $22.29 and a 52-week high of $28.50. The company has a 50 day moving average of $27.22 and a 200 day moving average of $26.50. The company has a market cap of $242.00 million, a price-to-earnings ratio of 14.41 and a beta of 0.64.
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American National Bankshares (NASDAQ:AMNB) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. American National Bankshares had a net margin of 24.44% and a return on equity of 8.46%. Equities research analysts forecast that American National Bankshares will post $1.85 earnings per share 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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Wednesday, August 31st. American National Bankshares’s dividend payout ratio is currently 49.23%.
Large investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new stake in shares of American National Bankshares during the second quarter worth $103,000. BlackRock Advisors LLC increased its stake 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 worth $118,000 after buying an additional 55 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of American National Bankshares during the second quarter worth $201,000. First Trust Advisors LP bought a new stake in shares of American National Bankshares during the second quarter worth $214,000. Finally, FCG Advisors LLC bought a new stake in shares of American National Bankshares during the second quarter worth $277,000. 30.83% of the stock is currently 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.
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