American National Bankshares, Inc. (NASDAQ:AMNB) was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, The Fly reports.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of American National Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. BidaskClub downgraded shares of American National Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, ValuEngine lowered shares of American National Bankshares from a “buy” rating to a “hold” rating in a report on Monday, July 24th.

Shares of American National Bankshares (NASDAQ AMNB) opened at 42.10 on Wednesday. The company has a market cap of $363.83 million, a price-to-earnings ratio of 22.16 and a beta of 0.80. The stock has a 50 day moving average of $37.82 and a 200 day moving average of $37.20. American National Bankshares has a 1-year low of $26.41 and a 1-year high of $42.50.

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

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Institutional investors have recently bought and sold shares of the business. Emerald Acquisition Ltd. purchased a new position in shares of American National Bankshares during the 2nd quarter worth approximately $103,000. Bank of America Corp DE raised its position in shares of American National Bankshares by 10.8% in the 1st quarter. Bank of America Corp DE now owns 2,801 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 273 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of American National Bankshares by 3.7% in the 3rd quarter. Wells Fargo & Company MN now owns 4,264 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 154 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of American National Bankshares in the 4th quarter worth approximately $160,000. Finally, American International Group Inc. raised its position in shares of American National Bankshares by 6.9% in the 1st quarter. American International Group Inc. now owns 5,049 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 328 shares in 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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