American National Bankshares (NASDAQ:AMNB) Releases Quarterly Earnings Results, Beats Expectations By $0.17 EPS

American National Bankshares (NASDAQ:AMNB) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.17, MarketWatch Earnings reports. American National Bankshares had a net margin of 25.52% and a return on equity of 8.95%.

Shares of NASDAQ AMNB opened at $27.98 on Friday. The firm has a market cap of $306.97 million, a PE ratio of 10.76 and a beta of 1.09. American National Bankshares has a 12-month low of $18.53 and a 12-month high of $36.99. The company’s fifty day simple moving average is $27.23 and its 200 day simple moving average is $24.34. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11.

Several brokerages recently issued reports on AMNB. Raymond James increased their target price on shares of American National Bankshares from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday. TheStreet raised shares of American National Bankshares from a “c+” rating to a “b” rating in a research note on Monday, November 16th. Finally, Zacks Investment Research raised shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, January 7th.

American National Bankshares Company Profile

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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Earnings History for American National Bankshares (NASDAQ:AMNB)

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