Zacks Investment Research lowered shares of American National BankShares (NASDAQ:AMNB) from a hold rating to a sell rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “

Other equities analysts have also issued reports about the stock. BidaskClub raised shares of SeaSpine from a strong sell rating to a sell rating in a report on Wednesday, April 24th. Raymond James lowered shares of First Midwest Bancorp to a hold rating in a report on Monday, July 8th. Finally, ValuEngine raised shares of Zogenix from a buy rating to a strong-buy rating in a report on Thursday, June 27th. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. American National BankShares currently has an average rating of Hold and an average price target of $39.33.

AMNB opened at $37.20 on Wednesday. American National BankShares has a 12-month low of $28.39 and a 12-month high of $42.45. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market cap of $415.45 million, a price-to-earnings ratio of 13.73 and a beta of 1.02. The stock’s 50 day simple moving average is $36.18.

American National BankShares (NASDAQ:AMNB) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The company had revenue of $18.52 million during the quarter, compared to analyst estimates of $17.83 million. American National BankShares had a net margin of 27.24% and a return on equity of 10.73%. As a group, equities research analysts anticipate that American National BankShares will post 3.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, June 6th. American National BankShares’s dividend payout ratio (DPR) is 37.17%.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of American National BankShares by 3.5% during the 4th quarter. BlackRock Inc. now owns 623,737 shares of the financial services provider’s stock valued at $18,280,000 after purchasing an additional 21,194 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of American National BankShares by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 373,505 shares of the financial services provider’s stock valued at $10,947,000 after purchasing an additional 12,763 shares in the last quarter. FMR LLC grew its stake in American National BankShares by 86.6% in the 4th quarter. FMR LLC now owns 114,239 shares of the financial services provider’s stock valued at $3,348,000 after acquiring an additional 53,008 shares during the period. Northern Trust Corp grew its stake in American National BankShares by 1.1% in the 4th quarter. Northern Trust Corp now owns 104,300 shares of the financial services provider’s stock valued at $3,057,000 after acquiring an additional 1,136 shares during the period. Finally, Geode Capital Management LLC grew its stake in American National BankShares by 12.9% in the 4th quarter. Geode Capital Management LLC now owns 68,457 shares of the financial services provider’s stock valued at $2,006,000 after acquiring an additional 7,838 shares during the period. 31.52% of the stock is owned by hedge funds and other institutional investors.

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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