American National Bankshares, Inc. (NASDAQ:AMNB) was downgraded by research analysts at National Bank Financial to a “market perform” rating in a report issued on Friday, The Fly reports.

AMNB has been the topic of a number of other reports. Zacks Investment Research upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $39.00 target price on shares of American National Bankshares in a research note on Tuesday, October 3rd. BidaskClub cut shares of American National Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, ValuEngine cut shares of American National Bankshares from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $41.00.

American National Bankshares (AMNB) traded down 5.60% on Friday, reaching $39.65. 30,850 shares of the company’s stock traded hands. The stock has a market cap of $342.66 million, a price-to-earnings ratio of 20.87 and a beta of 0.80. The company’s 50 day moving average is $40.01 and its 200-day moving average is $37.71. American National Bankshares has a 52-week low of $26.78 and a 52-week high of $43.00.

American National Bankshares (NASDAQ:AMNB) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $18.14 million for the quarter, compared to analysts’ expectations of $17.56 million. American National Bankshares had a net margin of 23.04% and a return on equity of 8.45%. Equities analysts expect that American National Bankshares will post $2.01 EPS for the current year.

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Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of American National Bankshares by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 349,824 shares of the financial services provider’s stock valued at $13,031,000 after buying an additional 10,209 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of American National Bankshares by 4.4% during the 1st quarter. Geode Capital Management LLC now owns 49,093 shares of the financial services provider’s stock valued at $1,828,000 after buying an additional 2,073 shares in the last quarter. American International Group Inc. lifted its stake in shares of American National Bankshares by 6.9% during the 1st quarter. American International Group Inc. now owns 5,049 shares of the financial services provider’s stock valued at $188,000 after buying an additional 328 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of American National Bankshares during the 1st quarter valued at approximately $4,589,000. Finally, Wells Fargo & Company MN lifted its stake in shares of American National Bankshares by 2.3% during the 1st quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock valued at $260,000 after buying an additional 159 shares in the last quarter. Institutional investors own 34.47% of the company’s stock.

American National Bankshares Company Profile

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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