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American National BankShares (NASDAQ:AMNB) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of American National BankShares (NASDAQ:AMNB) from a hold rating to a sell rating in a research note released on Thursday, November 14th, BidAskClub reports.

A number of other research analysts also recently weighed in on AMNB. Raymond James set a $40.00 price target on American National BankShares and gave the stock a buy rating in a research note on Friday, July 19th. Zacks Investment Research raised American National BankShares from a sell rating to a hold rating in a report on Friday, November 1st. ValuEngine raised American National BankShares from a sell rating to a hold rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lowered American National BankShares from an outperform rating to a market perform rating and cut their price target for the stock from $40.00 to $37.00 in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $37.00.

AMNB stock traded up $0.79 during mid-day trading on Thursday, reaching $38.35. The company had a trading volume of 90 shares, compared to its average volume of 18,452. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. American National BankShares has a 52 week low of $28.39 and a 52 week high of $41.50. The stock has a 50 day simple moving average of $36.31 and a two-hundred day simple moving average of $35.91. The company has a market capitalization of $418.64 million, a price-to-earnings ratio of 14.26 and a beta of 1.05.

American National BankShares (NASDAQ:AMNB) last issued its earnings results on Thursday, October 17th. The financial services provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. American National BankShares had a return on equity of 11.18% and a net margin of 18.38%. The company had revenue of $24.79 million during the quarter, compared to the consensus estimate of $25.09 million. On average, equities analysts predict that American National BankShares will post 2.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.82%. American National BankShares’s payout ratio is currently 40.15%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of American National BankShares by 20.6% during the 2nd quarter. BlackRock Inc. now owns 740,125 shares of the financial services provider’s stock worth $28,680,000 after purchasing an additional 126,431 shares during the period. Castine Capital Management LLC purchased a new stake in shares of American National BankShares during the second quarter valued at approximately $3,180,000. Vanguard Group Inc. boosted its stake in shares of American National BankShares by 18.5% during the second quarter. Vanguard Group Inc. now owns 422,224 shares of the financial services provider’s stock valued at $16,361,000 after purchasing an additional 65,897 shares during the period. Northern Trust Corp boosted its stake in shares of American National BankShares by 18.7% during the second quarter. Northern Trust Corp now owns 126,408 shares of the financial services provider’s stock valued at $4,899,000 after purchasing an additional 19,894 shares during the period. Finally, Harbor Advisors LLC purchased a new stake in shares of American National BankShares during the second quarter valued at approximately $535,000. Institutional investors own 38.39% of the company’s stock.

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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