American National BankShares Inc (NASDAQ:AMNB) declared a quarterly dividend on Wednesday, November 21st, NASDAQ reports. Stockholders of record on Friday, December 7th will be paid a dividend of 0.25 per share by the financial services provider on Friday, December 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, December 6th.
American National BankShares has raised its dividend by an average of 1.8% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. American National BankShares has a dividend payout ratio of 36.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect American National BankShares to earn $3.00 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 33.3%.
Shares of AMNB stock opened at $36.03 on Friday. American National BankShares has a 1 year low of $32.96 and a 1 year high of $42.85. The company has a market cap of $313.89 million, a PE ratio of 14.02 and a beta of 0.73. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.
Several equities analysts recently weighed in on AMNB shares. BidaskClub upgraded shares of American National BankShares from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine lowered shares of American National BankShares from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of American National BankShares from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday, September 19th. Raymond James upgraded shares of American National BankShares from a “market perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a report on Wednesday, October 3rd. Finally, Keefe, Bruyette & Woods upgraded shares of American National BankShares from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $43.00 in a report on Thursday, November 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $42.00.
In other American National BankShares news, Director Franklin W. Maddux acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were acquired at an average cost of $37.40 per share, for a total transaction of $93,500.00. Following the completion of the acquisition, the director now directly owns 20,402 shares of the company’s stock, valued at approximately $763,034.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 3,698 shares of company stock worth $137,072 over the last 90 days. 5.91% of the stock is currently owned by company insiders.
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American National BankShares Company Profile
American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segments, Community Banking, and Trust and Investment Services. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits, as well as certificates of deposit.
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