BidaskClub downgraded shares of American National BankShares (NASDAQ:AMNB) from a sell rating to a strong sell rating in a research report released on Saturday, BidAskClub reports.

Several other research firms have also recently weighed in on AMNB. Stephens initiated coverage on shares of American National BankShares in a research note on Monday, January 6th. They issued an equal weight rating and a $41.50 price target for the company. ValuEngine cut shares of American National BankShares from a hold rating to a sell rating in a research note on Tuesday, December 10th. Finally, Zacks Investment Research raised shares of American National BankShares from a sell rating to a hold rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. American National BankShares currently has an average rating of Hold and an average target price of $39.50.

Shares of NASDAQ AMNB opened at $37.31 on Friday. American National BankShares has a 12-month low of $31.49 and a 12-month high of $41.50. The stock has a market cap of $417.75 million, a PE ratio of 19.33 and a beta of 1.09. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $38.71 and a 200 day moving average of $36.64.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of American National BankShares by 20.6% in the 2nd quarter. BlackRock Inc. now owns 740,125 shares of the financial services provider’s stock valued at $28,680,000 after buying an additional 126,431 shares during the period. Vanguard Group Inc. grew its stake in shares of American National BankShares by 18.5% in the 2nd quarter. Vanguard Group Inc. now owns 422,224 shares of the financial services provider’s stock valued at $16,361,000 after buying an additional 65,897 shares during the period. State Street Corp grew its stake in shares of American National BankShares by 1.2% in the 3rd quarter. State Street Corp now owns 222,308 shares of the financial services provider’s stock valued at $7,885,000 after buying an additional 2,575 shares during the period. Renaissance Technologies LLC grew its stake in shares of American National BankShares by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 168,440 shares of the financial services provider’s stock valued at $6,527,000 after buying an additional 4,840 shares during the period. Finally, Smith Salley & Associates grew its stake in shares of American National BankShares by 1.4% in the 3rd quarter. Smith Salley & Associates now owns 163,489 shares of the financial services provider’s stock valued at $5,799,000 after buying an additional 2,192 shares during the period. 38.02% of the stock is owned by institutional investors and hedge funds.

About American National BankShares

American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segments, Community Banking, and Trust and Investment Services. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits, as well as certificates of deposit.

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