Keefe, Bruyette & Woods Upgrades American National Bankshares Inc. (AMNB) to Outperform
American National Bankshares Inc. (NASDAQ:AMNB) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports.
Separately, Zacks Investment Research cut American National Bankshares from a “hold” rating to a “strong sell” rating in a report on Monday, October 10th.
American National Bankshares (NASDAQ:AMNB) opened at 31.05 on Tuesday. American National Bankshares has a one year low of $22.29 and a one year high of $32.30. The firm has a market capitalization of $267.50 million, a PE ratio of 16.00 and a beta of 0.72. The firm has a 50 day moving average of $28.55 and a 200 day moving average of $27.14.
American National Bankshares (NASDAQ:AMNB) last issued its earnings results on Thursday, October 20th. The financial services provider reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.01. American National Bankshares had a net margin of 24.13% and a return on equity of 8.34%. Equities analysts forecast that American National Bankshares will post $1.83 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.08%. American National Bankshares’s dividend payout ratio (DPR) is presently 49.74%.
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In related news, VP Ramsey K. Hamadi purchased 2,700 shares of the stock in a transaction dated Friday, November 18th. The stock was bought at an average cost of $30.54 per share, with a total value of $82,458.00. Following the purchase, the vice president now directly owns 15,079 shares in the company, valued at approximately $460,512.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ramsey K. Hamadi purchased 3,781 shares of the stock in a transaction dated Thursday, October 27th. The stock was bought at an average cost of $27.60 per share, with a total value of $104,355.60. Following the completion of the purchase, the vice president now owns 7,610 shares in the company, valued at $210,036. The disclosure for this purchase can be found here. 5.80% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new stake in shares of American National Bankshares during the second quarter worth approximately $103,000. BlackRock Advisors LLC raised its position in shares of American National Bankshares by 1.2% in the second quarter. BlackRock Advisors LLC now owns 4,694 shares of the financial services provider’s stock valued at $118,000 after buying an additional 55 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of American National Bankshares by 3.7% in the third quarter. Wells Fargo & Company MN now owns 4,264 shares of the financial services provider’s stock valued at $120,000 after buying an additional 154 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of American National Bankshares during the second quarter valued at about $201,000. Finally, First Trust Advisors LP acquired a new position in shares of American National Bankshares during the second quarter valued at about $214,000. 31.15% of the stock is owned by institutional investors.
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. Community banking involves making loans to and generating deposits from individuals and businesses.
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