American National Bankshares, Inc. (NASDAQ:AMNB) Issues Earnings Results, Meets Estimates

American National Bankshares, Inc. (NASDAQ:AMNB) released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49, Morningstar.com reports. The business had revenue of $17.26 million for the quarter, compared to analyst estimates of $16.93 million. American National Bankshares had a net margin of 22.82% and a return on equity of 8.05%.

Shares of American National Bankshares (NASDAQ AMNB) traded up 0.27% during mid-day trading on Wednesday, reaching $36.60. 9,510 shares of the company were exchanged. The company’s 50 day moving average price is $37.19 and its 200 day moving average price is $36.80. The firm has a market capitalization of $316.30 million, a PE ratio of 19.26 and a beta of 0.77. American National Bankshares has a 12 month low of $26.14 and a 12 month high of $42.49.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.62%. American National Bankshares’s dividend payout ratio (DPR) is currently 50.79%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of American National Bankshares during the fourth quarter worth approximately $160,000. State Street Corp increased its position in shares of American National Bankshares by 11.8% in the fourth quarter. State Street Corp now owns 142,498 shares of the financial services provider’s stock worth $4,957,000 after buying an additional 15,039 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of American National Bankshares by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 266,584 shares of the financial services provider’s stock worth $9,278,000 after buying an additional 10,599 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of American National Bankshares by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 96,100 shares of the financial services provider’s stock worth $3,344,000 after buying an additional 14,990 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of American National Bankshares by 2.3% in the first quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock worth $260,000 after buying an additional 159 shares during the last quarter. 34.70% of the stock is currently owned by hedge funds and other institutional investors.

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AMNB has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of American National Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 target price on shares of American National Bankshares in a research report on Friday, May 19th. BidaskClub lowered shares of American National Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

About American National Bankshares

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.

Earnings History for American National Bankshares (NASDAQ:AMNB)

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