Shares of American National Bankshares, Inc. (NASDAQ:AMNB) have received a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. American National Bankshares’ rating score has declined by 16.5% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus target price of $39.00 for the company and are expecting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given American National Bankshares an industry rank of 88 out of 265 based on the ratings given to its competitors.

Several brokerages recently issued reports on AMNB. Zacks Investment Research upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Monday. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 price target on shares of American National Bankshares in a research note on Friday, May 19th. BidaskClub downgraded shares of American National Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, ValuEngine downgraded shares of American National Bankshares from a “buy” rating to a “hold” rating in a research note on Monday.

American National Bankshares (AMNB) traded up 0.66% during midday trading on Wednesday, reaching $38.25. The company’s stock had a trading volume of 5,373 shares. The company has a market cap of $330.56 million, a PE ratio of 20.13 and a beta of 0.76. American National Bankshares has a 12 month low of $25.74 and a 12 month high of $42.49. The stock has a 50-day moving average price of $37.00 and a 200 day moving average price of $36.54.

American National Bankshares (NASDAQ:AMNB) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. American National Bankshares had a net margin of 22.82% and a return on equity of 8.09%. The company had revenue of $17.26 million during the quarter, compared to analyst estimates of $16.93 million. Analysts expect that American National Bankshares will post $2.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, August 30th. American National Bankshares’s dividend payout ratio (DPR) is 50.79%.

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Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in American National Bankshares during the fourth quarter worth about $160,000. State Street Corp increased its position in American National Bankshares by 11.8% in the fourth quarter. State Street Corp now owns 142,498 shares of the financial services provider’s stock worth $4,957,000 after buying an additional 15,039 shares during the last quarter. Dimensional Fund Advisors LP increased its position in American National Bankshares by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 266,584 shares of the financial services provider’s stock worth $9,278,000 after buying an additional 10,599 shares during the last quarter. Renaissance Technologies LLC increased its position in American National Bankshares by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 96,100 shares of the financial services provider’s stock worth $3,344,000 after buying an additional 14,990 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in American National Bankshares by 2.3% in the first quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock worth $260,000 after buying an additional 159 shares during the last quarter. 34.56% of the stock is owned by institutional investors.

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

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