American National BankShares (AMNB) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of American National BankShares (NASDAQ:AMNB) from a buy rating to a hold rating in a research note published on Monday morning.

According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “

Other research analysts have also issued reports about the stock. ValuEngine upgraded shares of American National BankShares from a hold rating to a buy rating in a report on Sunday, December 31st. BidaskClub lowered shares of American National BankShares from a buy rating to a hold rating in a report on Thursday, December 7th. Raymond James Financial reiterated a market perform rating on shares of American National BankShares in a report on Friday, October 20th. National Bank Financial downgraded shares of American National BankShares to a market perform rating in a research report on Friday, October 20th. Finally, Keefe, Bruyette & Woods downgraded shares of American National BankShares from an outperform rating to a market perform rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. American National BankShares has an average rating of Hold and an average price target of $40.50.

American National BankShares (NASDAQ:AMNB) opened at $38.75 on Monday. The firm has a market cap of $331.19, a PE ratio of 19.47 and a beta of 0.75. American National BankShares has a 1-year low of $33.80 and a 1-year high of $42.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.

American National BankShares (NASDAQ:AMNB) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business had revenue of $18.14 million for the quarter, compared to analyst estimates of $17.56 million. American National BankShares had a net margin of 23.04% and a return on equity of 8.39%. research analysts anticipate that American National BankShares will post 2.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from American National BankShares’s previous quarterly dividend of $0.24. American National BankShares’s dividend payout ratio is 50.25%.

In related news, Director Charles H. Majors sold 907 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $39.50, for a total transaction of $35,826.50. Following the completion of the sale, the director now owns 54,902 shares of the company’s stock, valued at approximately $2,168,629. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director F D. Hornaday III sold 1,500 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $60,465.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,500 shares of company stock valued at $179,052. Corporate insiders own 6.39% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in American National BankShares by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 352,763 shares of the financial services provider’s stock worth $13,034,000 after purchasing an additional 2,939 shares in the last quarter. Dimensional Fund Advisors LP increased its position in American National BankShares by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 297,043 shares of the financial services provider’s stock worth $12,238,000 after purchasing an additional 7,043 shares in the last quarter. State Street Corp increased its position in 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. Systematic Financial Management LP increased its position in American National BankShares by 21.0% during the 2nd quarter. Systematic Financial Management LP now owns 114,510 shares of the financial services provider’s stock worth $4,231,000 after purchasing an additional 19,885 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in American National BankShares by 20.1% during the 2nd quarter. New York State Common Retirement Fund now owns 106,990 shares of the financial services provider’s stock worth $3,953,000 after purchasing an additional 17,889 shares in the last quarter. 33.32% of the stock is owned by hedge funds and other institutional investors.

WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.com-unik.info/2018/01/11/american-national-bankshares-amnb-downgraded-to-hold-at-zacks-investment-research.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.

Get a free copy of the Zacks research report on American National BankShares (AMNB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit