American National Bankshares (NASDAQ:AMNB) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of American National Bankshares (NASDAQ:AMNBFree Report) in a report published on Sunday. The brokerage issued a sell rating on the financial services provider’s stock.

American National Bankshares Trading Up 1.8 %

NASDAQ:AMNB opened at $45.21 on Friday. The stock’s 50 day moving average price is $46.92 and its 200 day moving average price is $42.30. American National Bankshares has a 52 week low of $25.26 and a 52 week high of $50.76. The company has a market capitalization of $480.54 million, a P/E ratio of 18.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.86.

American National Bankshares (NASDAQ:AMNBGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.31). American National Bankshares had a return on equity of 7.97% and a net margin of 18.88%. The firm had revenue of $36.27 million during the quarter. On average, research analysts forecast that American National Bankshares will post 2.6 EPS for the current fiscal year.

American National Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, February 16th. This represents a $1.20 annualized dividend and a yield of 2.65%. American National Bankshares’s dividend payout ratio (DPR) is presently 48.98%.

Hedge Funds Weigh In On American National Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new position in American National Bankshares in the first quarter worth about $27,000. UBS Group AG boosted its position in shares of American National Bankshares by 103.8% during the third quarter. UBS Group AG now owns 1,392 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 709 shares in the last quarter. Citigroup Inc. boosted its position in shares of American National Bankshares by 154,000.0% during the second quarter. Citigroup Inc. now owns 3,082 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 3,080 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of American National Bankshares during the third quarter worth $92,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of American National Bankshares by 47.2% during the second quarter. BNP Paribas Arbitrage SA now owns 4,052 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 1,299 shares during the period. Institutional investors and hedge funds own 42.37% of the company’s stock.

American National Bankshares Company Profile

(Get Free Report)

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 Wealth Management. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits.

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