American National Bankshares (NASDAQ:AMNB) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of American National Bankshares (NASDAQ:AMNB – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods downgraded shares of American National Bankshares from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a research note on Monday, December 12th.

American National Bankshares Price Performance

NASDAQ:AMNB opened at $31.23 on Thursday. American National Bankshares has a 52 week low of $29.44 and a 52 week high of $38.89. The firm has a market cap of $332.13 million, a price-to-earnings ratio of 9.67 and a beta of 0.94. The firm’s 50-day simple moving average is $34.17 and its 200 day simple moving average is $35.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.82 and a current ratio of 0.82.

American National Bankshares (NASDAQ:AMNB – Get Rating) last released its earnings results on Thursday, January 19th. The financial services provider reported $0.76 EPS for the quarter. American National Bankshares had a net margin of 29.99% and a return on equity of 10.58%. The firm had revenue of $27.90 million for the quarter.

Insiders Place Their Bets

In other news, CEO Jeffrey V. Haley purchased 2,955 shares of the stock in a transaction on Tuesday, March 14th. The stock was purchased at an average price of $31.67 per share, for a total transaction of $93,584.85. Following the acquisition, the chief executive officer now owns 83,620 shares in the company, valued at $2,648,245.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.95% of the company’s stock.

Institutional Trading of American National Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new stake in American National Bankshares during the 1st quarter valued at $27,000. Allspring Global Investments Holdings LLC purchased a new position in American National Bankshares during the 3rd quarter worth $30,000. UBS Group AG boosted its holdings in American National Bankshares by 103.8% during the 3rd quarter. UBS Group AG now owns 1,392 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 709 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in American National Bankshares by 47.2% during the 2nd 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 last quarter. Finally, Barclays PLC boosted its holdings in American National Bankshares by 102.5% during the 4th quarter. Barclays PLC now owns 4,565 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 2,311 shares during the last quarter. Institutional investors own 39.08% of the company’s stock.

American National Bankshares Company Profile

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American National Bankshares, Inc engages in the provision of financial products and services. It operates through the Community Banking and Wealth Management segments. The Community Banking segment is involved in making loans to and generating deposits from individuals and businesses. The Wealth Management segment includes estate planning, trust account administration, investment management, and retail brokerage.