StockNews.com Begins Coverage on American National Bankshares (NASDAQ:AMNB)

Investment analysts at StockNews.com assumed coverage on shares of American National Bankshares (NASDAQ:AMNB) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the financial services provider’s stock.

American National Bankshares Price Performance

Shares of AMNB stock opened at $47.76 on Thursday. The company has a market capitalization of $507.69 million, a PE ratio of 19.49 and a beta of 0.91. The firm has a fifty day simple moving average of $46.22 and a 200-day simple moving average of $44.45. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.08. American National Bankshares has a twelve month low of $25.26 and a twelve month high of $50.76.

American National Bankshares (NASDAQ:AMNB) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.31). The firm had revenue of $36.27 million during the quarter. American National Bankshares had a net margin of 18.88% and a return on equity of 7.88%. Equities research analysts anticipate that American National Bankshares will post 2.6 earnings per share for the current fiscal year.

Insider Buying and Selling at American National Bankshares

In other American National Bankshares news, SVP Rhonda P. Joyce sold 630 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $47.03, for a total transaction of $29,628.90. Following the transaction, the senior vice president now directly owns 16,688 shares in the company, valued at approximately $784,836.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other American National Bankshares news, SVP Rhonda P. Joyce sold 630 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $47.03, for a total transaction of $29,628.90. Following the sale, the senior vice president now directly owns 16,688 shares of the company’s stock, valued at $784,836.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey W. Farrar sold 651 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $47.03, for a total transaction of $30,616.53. Following the sale, the executive vice president now directly owns 9,887 shares in the company, valued at $464,985.61. The disclosure for this sale can be found here. 4.26% of the stock is currently owned by insiders.

Institutional Trading of American National Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of AMNB. Bank of New York Mellon Corp raised its holdings in shares of American National Bankshares by 293.2% during the third quarter. Bank of New York Mellon Corp now owns 242,412 shares of the financial services provider’s stock worth $9,197,000 after purchasing an additional 180,767 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of American National Bankshares during the third quarter worth $3,021,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of American National Bankshares during the third quarter worth $2,700,000. Gabelli Funds LLC acquired a new stake in shares of American National Bankshares during the third quarter worth $2,461,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of American National Bankshares in the 3rd quarter worth about $1,974,000. 47.92% of the stock is owned by institutional investors and hedge funds.

American National Bankshares Company Profile

As of April 1, 2024, American National Bankshares Inc was acquired by Atlantic Union Bankshares Corporation. American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that engages in the provision of financial products and services. The company operates through two segments: Community Banking and Wealth Management.