Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of American National Bankshares, Inc. (NASDAQ:AMNB) in a research note issued to investors on Tuesday, Marketbeat.com reports. Keefe, Bruyette & Woods currently has a $39.00 price target on the financial services provider’s stock.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of American National Bankshares from a hold rating to a buy rating and set a $41.00 price target on the stock in a research note on Monday, July 24th. ValuEngine upgraded shares of American National Bankshares from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, BidaskClub lowered shares of American National Bankshares from a hold rating to a sell rating in a research note on Wednesday, July 19th.

Shares of American National Bankshares (NASDAQ AMNB) opened at 42.35 on Tuesday. The firm has a market capitalization of $365.99 million, a PE ratio of 22.29 and a beta of 0.80. American National Bankshares has a 1-year low of $26.41 and a 1-year high of $42.50. The company has a 50-day moving average of $38.14 and a 200-day moving average of $37.27.

American National Bankshares (NASDAQ:AMNB) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The company had revenue of $17.26 million for the quarter, compared to analyst estimates of $16.93 million. American National Bankshares had a net margin of 22.82% and a return on equity of 8.05%. Equities research analysts predict that American National Bankshares will post $2.01 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.24 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.96 annualized dividend and a yield of 2.29%. American National Bankshares’s dividend payout ratio is currently 50.79%.

A number of institutional investors have recently made changes to their positions in AMNB. Bank of America Corp DE increased its stake in American National Bankshares by 10.8% in the first quarter. Bank of America Corp DE now owns 2,801 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 273 shares during the last quarter. American International Group Inc. increased its stake in American National Bankshares by 6.9% in the first quarter. American International Group Inc. now owns 5,049 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 328 shares during the last quarter. Wells Fargo & Company MN increased its stake in American National Bankshares by 2.3% in the first quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 159 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in American National Bankshares by 20.6% in the second quarter. The Manufacturers Life Insurance Company now owns 7,152 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in American National Bankshares by 12.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,539 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 847 shares during the last quarter. Institutional investors own 34.47% of the company’s stock.

About American National Bankshares

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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