American National Bankshares, Inc. (NASDAQ:AMNB) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $43.00.

AMNB has been the subject of several research analyst reports. Zacks Investment Research raised shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 price target on shares of American National Bankshares in a research report on Thursday, July 27th. ValuEngine raised shares of American National Bankshares from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, National Bank Financial lowered shares of American National Bankshares to a “market perform” rating in a research report on Friday.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in American National Bankshares by 3.0% during the first quarter. Vanguard Group Inc. now owns 349,824 shares of the financial services provider’s stock worth $13,031,000 after buying an additional 10,209 shares during the period. Geode Capital Management LLC grew its stake in American National Bankshares by 4.4% during the first quarter. Geode Capital Management LLC now owns 49,093 shares of the financial services provider’s stock worth $1,828,000 after buying an additional 2,073 shares during the period. American International Group Inc. grew its stake in American National Bankshares by 6.9% during 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 period. Wellington Management Group LLP purchased a new stake in American National Bankshares during the first quarter worth approximately $4,589,000. Finally, Wells Fargo & Company MN grew its stake in American National Bankshares by 2.3% during 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 period. Institutional investors own 34.47% of the company’s stock.

American National Bankshares (AMNB) traded down 0.50% during trading on Friday, hitting $39.45. 8,098 shares of the company were exchanged. American National Bankshares has a 12 month low of $26.41 and a 12 month high of $42.99. The company has a 50-day moving average of $40.01 and a 200-day moving average of $37.71. The company has a market capitalization of $340.93 million, a price-to-earnings ratio of 20.76 and a beta of 0.80.

American National Bankshares (NASDAQ:AMNB) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. American National Bankshares had a net margin of 23.04% and a return on equity of 8.45%. The firm had revenue of $18.14 million during the quarter, compared to analyst estimates of $17.56 million. Analysts forecast that American National Bankshares will post $2.01 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This article was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.watchlistnews.com/brokerages-set-american-national-bankshares-inc-amnb-pt-at-43-00/1649967.html.

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.

Receive News & Ratings for American National Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Bankshares Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.