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

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American National Bankshares (NASDAQ:AMNB) announced its earnings results on Wednesday. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the 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%.

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

AMNB has been the subject of several recent analyst reports. Raymond James boosted their target price on American National Bankshares from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday. Zacks Investment Research upgraded 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. Finally, TheStreet raised shares of American National Bankshares from a “c+” rating to a “b” rating in a research note on Monday, November 16th.

About American National Bankshares

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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