American National Bankshares (NASDAQ:AMNB) Stock Passes Above 200 Day Moving Average of $44.82

Shares of American National Bankshares Inc. (NASDAQ:AMNB) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.82 and traded as high as $48.25. American National Bankshares shares last traded at $47.76, with a volume of 119,400 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of American National Bankshares in a report on Friday. They issued a “sell” rating for the company.

American National Bankshares Trading Down 0.3 %

The business’s fifty day moving average is $46.52 and its 200-day moving average is $44.82. The firm has a market cap of $507.69 million, a P/E ratio of 19.49 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 0.86.

American National Bankshares (NASDAQ:AMNB) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.31). The business 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%. Analysts predict that American National Bankshares Inc. will post 2.6 EPS for the current year.

American National Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Tuesday, February 20th were issued a $0.30 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a yield of 2.51%. American National Bankshares’s dividend payout ratio (DPR) is presently 48.98%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new stake in American National Bankshares during the 3rd quarter valued at approximately $92,000. SG Americas Securities LLC acquired a new stake in American National Bankshares during the 3rd quarter valued at approximately $168,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in American National Bankshares during the 4th quarter valued at approximately $246,000. Atlantic Union Bankshares Corp acquired a new stake in American National Bankshares during the 4th quarter valued at approximately $318,000. Finally, PenderFund Capital Management Ltd. increased its position in American National Bankshares by 13.5% during the 4th quarter. PenderFund Capital Management Ltd. now owns 11,770 shares of the financial services provider’s stock valued at $574,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 47.92% of the company’s stock.

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.