American National BankShares (NASDAQ:AMNB) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised American National BankShares from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Tuesday, January 2nd. ValuEngine raised American National BankShares from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Raymond James Financial reaffirmed a “market perform” rating on shares of American National BankShares in a research note on Friday, October 20th. National Bank Financial downgraded American National BankShares to a “market perform” rating in a research note on Friday, October 20th. Finally, Keefe, Bruyette & Woods downgraded American National BankShares from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. American National BankShares presently has an average rating of “Hold” and a consensus target price of $40.50.

Shares of American National BankShares (NASDAQ AMNB) traded up $1.00 during trading on Thursday, reaching $39.75. The company’s stock had a trading volume of 10,859 shares, compared to its average volume of 11,495. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. The company has a market cap of $331.19, a P/E ratio of 19.97 and a beta of 0.75. American National BankShares has a 52-week low of $33.80 and a 52-week high of $42.99.

American National BankShares (NASDAQ:AMNB) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $18.14 million for the quarter, compared to the consensus estimate of $17.56 million. American National BankShares had a return on equity of 8.39% and a net margin of 23.04%. equities research analysts predict that American National BankShares will post 2.06 earnings per share for the current year.

In other news, Director F D. Hornaday III sold 1,500 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $60,465.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charles H. Majors sold 1,800 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $39.51, for a total value of $71,118.00. Following the completion of the sale, the director now directly owns 55,786 shares in the company, valued at approximately $2,204,104.86. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock worth $179,052 in the last three months. Company insiders own 6.39% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AMNB. Schwab Charles Investment Management Inc. raised its stake in shares of American National BankShares by 46.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 15,700 shares of the financial services provider’s stock worth $581,000 after buying an additional 5,000 shares in the last quarter. First Trust Advisors LP raised its stake in shares of American National BankShares by 200.3% in the 2nd quarter. First Trust Advisors LP now owns 20,013 shares of the financial services provider’s stock worth $739,000 after buying an additional 13,348 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of American National BankShares by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 54,590 shares of the financial services provider’s stock worth $2,017,000 after buying an additional 2,541 shares in the last quarter. LSV Asset Management raised its stake in shares of American National BankShares by 4.7% in the 2nd quarter. LSV Asset Management now owns 90,883 shares of the financial services provider’s stock worth $3,358,000 after buying an additional 4,064 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of American National BankShares by 5.7% in the 2nd quarter. Wells Fargo & Company MN now owns 7,372 shares of the financial services provider’s stock worth $272,000 after buying an additional 398 shares in the last quarter. 33.32% of the stock is currently owned by institutional investors.

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American National BankShares Company Profile

American National Bankshares Inc is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. The Community banking segment involves making loans to and generating deposits from individuals and businesses.

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