American National Bankshares (NASDAQ:AMNB) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other equities research analysts have also issued reports on the stock. Raymond James Financial reiterated a “market perform” rating on shares of American National Bankshares in a research note on Friday, October 20th. National Bank Financial lowered shares of American National Bankshares to a “market perform” rating in a research note on Friday, October 20th. Keefe, Bruyette & Woods lowered shares of American National Bankshares from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th. ValuEngine lowered shares of American National Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Monday, September 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.00.

Shares of American National Bankshares (AMNB) traded down $0.70 during mid-day trading on Thursday, reaching $38.20. 7,455 shares of the company’s stock traded hands, compared to its average volume of 9,258. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. American National Bankshares has a 12-month low of $33.17 and a 12-month high of $42.99. The firm has a market cap of $336.38, a price-to-earnings ratio of 19.55 and a beta of 0.74.

American National Bankshares (NASDAQ:AMNB) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. American National Bankshares had a net margin of 23.04% and a return on equity of 8.39%. The firm had revenue of $18.14 million for the quarter, compared to analyst estimates of $17.56 million. equities analysts expect that American National Bankshares will post 2.06 earnings per share for the current fiscal year.

In other news, Director F D. Hornaday III sold 1,500 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $60,465.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Charles H. Majors sold 907 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $39.50, for a total transaction of $35,826.50. Following the transaction, the director now owns 54,902 shares in the company, valued at $2,168,629. The disclosure for this sale can be found here. Insiders have sold a total of 4,500 shares of company stock worth $179,052 over the last 90 days. 6.39% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in AMNB. Bank of America Corp DE increased its stake in shares of American National Bankshares by 10.8% during the 1st quarter. Bank of America Corp DE now owns 2,801 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 273 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in American National Bankshares by 20.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,152 shares of the financial services provider’s stock valued at $264,000 after buying an additional 1,223 shares during the last quarter. Wells Fargo & Company MN grew its stake in American National Bankshares by 5.7% in the 2nd quarter. Wells Fargo & Company MN now owns 7,372 shares of the financial services provider’s stock valued at $272,000 after buying an additional 398 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in American National Bankshares in the 1st quarter valued at about $283,000. Finally, Alliancebernstein L.P. grew its stake in American National Bankshares by 2.4% in the 1st quarter. Alliancebernstein L.P. now owns 8,400 shares of the financial services provider’s stock valued at $313,000 after buying an additional 200 shares during the last quarter. Institutional investors own 33.32% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/09/american-national-bankshares-amnb-downgraded-to-hold-at-bidaskclub.html.

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.

Receive News & Ratings for American National Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Bankshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.