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

StockNews.com initiated coverage on shares of American National Bankshares (NASDAQ:AMNB) in a research note released on Thursday morning. The brokerage issued a sell rating on the financial services provider’s stock.

American National Bankshares Stock Down 0.3 %

Shares of AMNB stock opened at $47.76 on Thursday. American National Bankshares has a 12-month low of $25.26 and a 12-month high of $50.76. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $46.29 and a 200-day moving average of $44.47. The company has a market capitalization of $507.69 million, a price-to-earnings ratio of 19.49 and a beta of 0.91.

American National Bankshares (NASDAQ:AMNB) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.31). The firm had revenue of $36.27 million for the quarter. American National Bankshares had a return on equity of 7.88% and a net margin of 18.88%. As a group, equities research analysts predict that American National Bankshares will post 2.6 earnings per share for the current fiscal year.

American National Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 2.51%. American National Bankshares’s dividend payout ratio is currently 48.98%.

Institutional Trading of American National Bankshares

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in American National Bankshares by 293.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 242,412 shares of the financial services provider’s stock worth $9,197,000 after buying an additional 180,767 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in American National Bankshares during the third quarter worth about $3,021,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in American National Bankshares during the third quarter valued at approximately $2,700,000. Gabelli Funds LLC bought a new position in American National Bankshares in the third quarter valued at approximately $2,461,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of American National Bankshares during the 3rd quarter worth approximately $1,974,000. Institutional investors own 47.92% of the company’s stock.

American National Bankshares Company Profile

As of April 1, 2024, American National Bankshares Inc was acquired by Atlantic Union Bankshares Corporation. American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that engages in the provision of financial products and services. The company operates through two segments: Community Banking and Wealth Management.