American National Bankshares (NASDAQ:AMNB) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

American National Bankshares (NASDAQ:AMNB – Get Rating) released its quarterly earnings data on Thursday. The financial services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.11, MarketWatch Earnings reports. American National Bankshares had a return on equity of 12.48% and a net margin of 37.26%.

Shares of AMNB traded down $0.12 on Friday, hitting $37.21. The company’s stock had a trading volume of 159 shares, compared to its average volume of 21,822. The company has a 50 day moving average price of $37.64 and a 200 day moving average price of $37.58. American National Bankshares has a fifty-two week low of $29.00 and a fifty-two week high of $40.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $387.65 million, a PE ratio of 9.31 and a beta of 1.05.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Friday, March 4th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Thursday, March 3rd. American National Bankshares’s payout ratio is currently 27.93%.

A number of large investors have recently bought and sold shares of the business. Citigroup Inc. lifted its stake in shares of American National Bankshares by 108.2% in the 4th quarter. Citigroup Inc. now owns 2,567 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 1,334 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of American National Bankshares by 108.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,851 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 1,482 shares during the period. Parametric Portfolio Associates LLC acquired a new position in shares of American National Bankshares in the 4th quarter valued at $204,000. Deutsche Bank AG lifted its stake in shares of American National Bankshares by 5.6% in the 4th quarter. Deutsche Bank AG now owns 6,443 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 340 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of American National Bankshares by 10.0% in the 3rd quarter. Royal Bank of Canada now owns 6,630 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 603 shares during the period. 37.64% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on AMNB. Zacks Investment Research lowered American National Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. StockNews.com initiated coverage on American National Bankshares in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

American National Bankshares Company Profile (Get Rating)

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 in two segments, Community Banking and Wealth Management. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits.

Read More