BidaskClub upgraded shares of American National BankShares (NASDAQ:AMNB) from a sell rating to a hold rating in a research note released on Tuesday, March 6th.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of American National BankShares from a buy rating to a hold rating in a research note on Tuesday, February 13th. ValuEngine raised shares of American National BankShares from a hold rating to a buy rating in a research note on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $40.50.
Shares of American National BankShares (AMNB) traded up $0.25 during mid-day trading on Tuesday, reaching $38.80. 28,434 shares of the company traded hands, compared to its average volume of 9,870. The company has a quick ratio of 0.92, a current ratio of 0.89 and a debt-to-equity ratio of 0.13. American National BankShares has a 52 week low of $34.60 and a 52 week high of $42.99. The stock has a market capitalization of $331.40, a PE ratio of 22.29 and a beta of 0.73.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 2.58%. American National BankShares’s dividend payout ratio (DPR) is presently 57.14%.
American National BankShares declared that its board has approved a stock repurchase program on Friday, January 19th that permits the company to buyback 300,000 shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in AMNB. Wells Fargo & Company MN boosted its holdings in shares of American National BankShares by 5.7% in the 2nd quarter. Wells Fargo & Company MN now owns 7,372 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 398 shares during the last quarter. Teachers Advisors LLC boosted its holdings in American National BankShares by 12.3% during the second quarter. Teachers Advisors LLC now owns 15,203 shares of the financial services provider’s stock worth $562,000 after buying an additional 1,668 shares in the last quarter. Northern Trust Corp boosted its holdings in American National BankShares by 1.5% during the second quarter. Northern Trust Corp now owns 102,263 shares of the financial services provider’s stock worth $3,779,000 after buying an additional 1,527 shares in the last quarter. Vanguard Group Inc. boosted its holdings in American National BankShares by 0.8% during the second quarter. Vanguard Group Inc. now owns 352,763 shares of the financial services provider’s stock worth $13,034,000 after buying an additional 2,939 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in American National BankShares by 14.0% during the second quarter. California Public Employees Retirement System now owns 20,300 shares of the financial services provider’s stock worth $750,000 after buying an additional 2,500 shares in the last quarter. 33.91% of the stock is currently owned by institutional investors.
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American National BankShares Company Profile
American National Bankshares Inc is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. The Community banking segment involves making loans to and generating deposits from individuals and businesses.
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