Weekly Investment Analysts’ Ratings Updates for American National BankShares (AMNB)

A number of firms have modified their ratings and price targets on shares of American National BankShares (NASDAQ: AMNB) recently:

  • 4/15/2019 – American National BankShares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “
  • 4/9/2019 – American National BankShares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “
  • 4/5/2019 – American National BankShares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/4/2019 – American National BankShares was given a new $40.00 price target on by analysts at Raymond James. They now have a “buy” rating on the stock.
  • 4/3/2019 – American National BankShares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “
  • 3/28/2019 – American National BankShares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “
  • 3/27/2019 – American National BankShares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/22/2019 – American National BankShares was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/21/2019 – American National BankShares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “
  • 3/15/2019 – American National BankShares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/14/2019 – American National BankShares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “
  • 3/5/2019 – American National BankShares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “
  • 3/1/2019 – American National BankShares was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/26/2019 – American National BankShares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “
  • 2/19/2019 – American National BankShares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “

Shares of NASDAQ:AMNB opened at $35.29 on Friday. The stock has a market capitalization of $308.70 million, a PE ratio of 13.12 and a beta of 0.94. American National BankShares Inc has a 52-week low of $28.39 and a 52-week high of $42.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 0.89.

American National BankShares (NASDAQ:AMNB) last issued its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.03). The business had revenue of $18.01 million during the quarter, compared to analyst estimates of $18.73 million. American National BankShares had a net margin of 27.52% and a return on equity of 10.89%. On average, sell-side analysts predict that American National BankShares Inc will post 2.95 earnings per share for the current year.

In related news, EVP Hunter Gregg Strader sold 930 shares of the stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $32.40, for a total value of $30,132.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dan Miller Pleasant bought 1,060 shares of American National BankShares stock in a transaction that occurred on Tuesday, January 22nd. The stock was bought at an average price of $32.87 per share, with a total value of $34,842.20. Following the purchase, the director now owns 20,155 shares of the company’s stock, valued at approximately $662,494.85. The disclosure for this purchase can be found here. Company insiders own 5.91% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMNB. Metropolitan Life Insurance Co. NY lifted its stake in shares of American National BankShares by 380.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,202 shares of the financial services provider’s stock valued at $94,000 after buying an additional 2,536 shares during the period. Macquarie Group Ltd. lifted its stake in shares of American National BankShares by 703.3% in the third quarter. Macquarie Group Ltd. now owns 3,213 shares of the financial services provider’s stock valued at $125,000 after buying an additional 2,813 shares during the period. ClariVest Asset Management LLC bought a new stake in shares of American National BankShares in the fourth quarter valued at about $163,000. MetLife Investment Advisors LLC lifted its stake in shares of American National BankShares by 58.8% in the third quarter. MetLife Investment Advisors LLC now owns 6,847 shares of the financial services provider’s stock valued at $267,000 after buying an additional 2,536 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of American National BankShares in the fourth quarter valued at about $269,000. Institutional investors and hedge funds own 38.64% of the company’s stock.

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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