American National Bankshares, Inc. (NASDAQ:AMNB)‘s stock had its “market perform” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Tuesday. They presently have a $39.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential downside of 7.36% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Monday, July 24th. ValuEngine upgraded American National Bankshares from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub cut American National Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.

Shares of American National Bankshares (NASDAQ AMNB) traded down 0.95% during mid-day trading on Tuesday, hitting $41.70. The company had a trading volume of 2,201 shares. American National Bankshares has a 12-month low of $26.41 and a 12-month high of $42.50. The firm’s 50 day moving average is $37.82 and its 200-day moving average is $37.20. The firm has a market cap of $360.37 million, a PE ratio of 21.95 and a beta of 0.80.

American National Bankshares (NASDAQ:AMNB) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.49. American National Bankshares had a net margin of 22.82% and a return on equity of 8.05%. The business had revenue of $17.26 million for the quarter, compared to analysts’ expectations of $16.93 million. On average, equities analysts expect that American National Bankshares will post $2.01 EPS for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of American National Bankshares by 32.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,996 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 2,457 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of American National Bankshares by 20.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,152 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 1,223 shares in the last quarter. State Street Corp increased its position in shares of American National Bankshares by 4.4% during the 2nd quarter. State Street Corp now owns 159,630 shares of the financial services provider’s stock worth $5,899,000 after purchasing an additional 6,687 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of American National Bankshares by 23.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 9,398 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 1,794 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in American National Bankshares by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 290,000 shares of the financial services provider’s stock valued at $10,716,000 after purchasing an additional 10,729 shares during the last quarter. 34.47% 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. The Community banking segment involves making loans to and generating deposits from individuals and businesses.

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