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%.

WARNING: “Keefe, Bruyette & Woods Upgrades American National Bankshares Inc. (AMNB) to Outperform” was first published by Daily Political and is owned by of Daily Political. If you are accessing this report on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this report can be viewed at http://www.dailypolitical.com/2016/11/29/keefe-bruyette-woods-upgrades-american-national-bankshares-inc-amnb-to-outperform.html.

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.

5 Day Chart for NASDAQ:AMNB

The Fly

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.