National Bank Financial downgraded shares of American National Bankshares, Inc. (NASDAQ:AMNB) to a market perform rating in a research report released on Friday.

AMNB has been the subject of a number of other reports. Zacks Investment Research upgraded American National Bankshares from a hold rating to a buy rating and set a $41.00 target price for the company in a research note on Friday, September 1st. Keefe, Bruyette & Woods restated a market perform rating and issued a $39.00 target price on shares of American National Bankshares in a research note on Tuesday, October 3rd. BidaskClub lowered American National Bankshares from a hold rating to a sell rating in a research note on Wednesday, July 19th. Finally, ValuEngine lowered American National Bankshares from a buy rating to a hold rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $41.00.

American National Bankshares (NASDAQ:AMNB) traded down 5.60% during trading on Friday, reaching $39.65. 30,850 shares of the company’s stock were exchanged. The company has a market capitalization of $342.66 million, a price-to-earnings ratio of 20.87 and a beta of 0.80. The stock’s 50-day moving average price is $40.01 and its 200-day moving average price is $37.71. American National Bankshares has a 52-week low of $26.78 and a 52-week high of $43.00.

American National Bankshares (NASDAQ:AMNB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $18.14 million during the quarter, compared to analyst estimates of $17.56 million. American National Bankshares had a return on equity of 8.45% and a net margin of 23.04%. Equities analysts expect that American National Bankshares will post $2.01 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of American National Bankshares by 0.8% in the second quarter. Vanguard Group Inc. now owns 352,763 shares of the financial services provider’s stock valued at $13,034,000 after purchasing an additional 2,939 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American National Bankshares by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 290,000 shares of the financial services provider’s stock valued at $10,716,000 after purchasing an additional 10,729 shares in the last quarter. State Street Corp raised its stake in shares of American National Bankshares by 4.4% in the second quarter. State Street Corp now owns 159,630 shares of the financial services provider’s stock valued at $5,899,000 after purchasing an additional 6,687 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of American National Bankshares in the first quarter valued at $4,589,000. Finally, Systematic Financial Management LP raised its stake in shares of American National Bankshares by 21.0% in the second quarter. Systematic Financial Management LP now owns 114,510 shares of the financial services provider’s stock valued at $4,231,000 after purchasing an additional 19,885 shares in the last quarter. Institutional investors and hedge funds own 34.47% of the company’s stock.

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.

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