American National Bankshares (NASDAQ:AMNB) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of American National Bankshares (NASDAQ:AMNB – Get Rating) in a report released on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods cut American National Bankshares from an outperform rating to a market perform rating and set a $42.00 target price on the stock. in a report on Monday, December 12th.

American National Bankshares Stock Performance

American National Bankshares stock opened at $31.23 on Thursday. The business has a 50 day moving average of $34.17 and a 200-day moving average of $35.10. American National Bankshares has a 1 year low of $29.44 and a 1 year high of $38.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market capitalization of $332.29 million, a P/E ratio of 9.67 and a beta of 0.94.

American National Bankshares (NASDAQ:AMNB – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. American National Bankshares had a return on equity of 10.62% and a net margin of 29.99%. The company had revenue of $27.90 million during the quarter.

American National Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, March 3rd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Thursday, March 2nd. American National Bankshares’s dividend payout ratio is currently 37.15%.

Insider Activity at American National Bankshares

In related news, CEO Jeffrey V. Haley purchased 2,955 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was acquired at an average cost of $31.67 per share, with a total value of $93,584.85. Following the transaction, the chief executive officer now owns 83,620 shares of the company’s stock, valued at approximately $2,648,245.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.95% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American National Bankshares

Large investors have recently made changes to their positions in the business. Carolinas Wealth Consulting LLC increased its position in shares of American National Bankshares by 964.3% during the 3rd quarter. Carolinas Wealth Consulting LLC now owns 11,228 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 10,173 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of American National Bankshares during the 3rd quarter valued at $206,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of American National Bankshares during the 3rd quarter valued at $30,000. Raymond James Financial Services Advisors Inc. increased its position in shares of American National Bankshares by 31.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 18,870 shares of the financial services provider’s stock valued at $603,000 after purchasing an additional 4,471 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of American National Bankshares by 15.2% during the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 18,630 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 2,459 shares during the last quarter. 39.08% of the stock is owned by hedge funds and other institutional investors.

About American National Bankshares

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American National Bankshares, Inc engages in the provision of financial products and services. It operates through the Community Banking and Wealth Management segments. The Community Banking segment is involved in making loans to and generating deposits from individuals and businesses. The Wealth Management segment includes estate planning, trust account administration, investment management, and retail brokerage.