Keefe, Bruyette & Woods reiterated their buy rating on shares of American National Bankshares, Inc. (NASDAQ:AMNB) in a research report report published on Thursday morning. The firm currently has a $39.00 price objective on the financial services provider’s stock.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut American National Bankshares from a buy rating to a hold rating in a report on Wednesday, June 21st. ValuEngine raised American National Bankshares from a hold rating to a buy rating in a report on Friday, June 2nd. Finally, BidaskClub cut American National Bankshares from a hold rating to a sell rating in a report on Wednesday, July 19th.

American National Bankshares (NASDAQ AMNB) traded down 0.13% during mid-day trading on Thursday, reaching $37.80. 1,557 shares of the company traded hands. The company has a market capitalization of $326.67 million, a P/E ratio of 19.89 and a beta of 0.76. American National Bankshares has a 52-week low of $25.74 and a 52-week high of $42.49. The stock has a 50 day moving average price of $37.21 and a 200-day moving average price of $36.59.

American National Bankshares (NASDAQ:AMNB) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $17.26 million for the quarter, compared to the consensus estimate of $16.93 million. American National Bankshares had a net margin of 22.82% and a return on equity of 8.09%. Analysts expect that American National Bankshares will post $2.01 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.54%. American National Bankshares’s payout ratio is 50.79%.

Hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its stake in shares of American National Bankshares by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 7,897 shares of the financial services provider’s stock worth $294,000 after buying an additional 107 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of 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 worth $260,000 after buying an additional 159 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of American National Bankshares by 2.4% in the first quarter. Alliancebernstein L.P. now owns 8,400 shares of the financial services provider’s stock worth $313,000 after buying an additional 200 shares during the last quarter. Bank of America Corp DE raised its stake in shares of 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 worth $104,000 after buying an additional 273 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of 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 worth $188,000 after buying an additional 328 shares during the last quarter. Hedge funds and other institutional investors own 34.48% of the company’s stock.

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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