American National Bankshares (NASDAQ:AMNB) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of American National Bankshares (NASDAQ:AMNBGet Rating) from a buy rating to a hold rating in a research note released on Friday, Zacks.com reports.

According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “

Separately, StockNews.com began coverage on American National Bankshares in a research report on Thursday, March 31st. They set a hold rating on the stock.

Shares of American National Bankshares stock opened at $34.56 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50 day simple moving average is $36.42 and its 200 day simple moving average is $37.52. The firm has a market cap of $370.14 million, a PE ratio of 9.05 and a beta of 1.04. American National Bankshares has a 52-week low of $29.00 and a 52-week high of $40.34.

American National Bankshares (NASDAQ:AMNBGet Rating) last issued its earnings results on Thursday, April 21st. The financial services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.73 by $0.11. American National Bankshares had a return on equity of 11.89% and a net margin of 36.26%. As a group, equities research analysts predict that American National Bankshares will post 3.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Friday, June 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Thursday, June 2nd. American National Bankshares’s payout ratio is currently 29.32%.

A number of large investors have recently bought and sold shares of AMNB. Smith Salley & Associates increased its holdings in shares of American National Bankshares by 22.8% in the first quarter. Smith Salley & Associates now owns 256,552 shares of the financial services provider’s stock worth $9,667,000 after buying an additional 47,703 shares during the period. FJ Capital Management LLC raised its holdings in American National Bankshares by 5.2% in the 3rd quarter. FJ Capital Management LLC now owns 404,000 shares of the financial services provider’s stock worth $13,363,000 after acquiring an additional 20,000 shares during the last quarter. Captrust Financial Advisors raised its holdings in American National Bankshares by 225.4% in the 1st quarter. Captrust Financial Advisors now owns 17,479 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 12,108 shares during the last quarter. Millennium Management LLC purchased a new stake in American National Bankshares during the 2nd quarter valued at $334,000. Finally, Renaissance Technologies LLC raised its stake in American National Bankshares by 8.1% during the 4th quarter. Renaissance Technologies LLC now owns 128,791 shares of the financial services provider’s stock valued at $4,853,000 after buying an additional 9,700 shares during the last quarter. 39.82% of the stock is owned by institutional investors.

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.

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