American National Bankshares (NASDAQ:AMNB) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of American National Bankshares (NASDAQ:AMNBGet Free Report) in a research note issued to investors on Sunday. The firm set a “sell” rating on the financial services provider’s stock.

American National Bankshares Trading Up 1.8 %

Shares of American National Bankshares stock opened at $45.21 on Friday. American National Bankshares has a twelve month low of $25.26 and a twelve 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 0.09. The business has a 50-day moving average price of $46.92 and a 200-day moving average price of $42.28. The firm has a market cap of $480.58 million, a price-to-earnings ratio of 18.45 and a beta of 0.92.

American National Bankshares (NASDAQ:AMNBGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.38 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 net margin of 18.88% and a return on equity of 7.97%. Equities research analysts anticipate that American National Bankshares will post 2.6 EPS for the current fiscal year.

Institutional Investors Weigh In On American National Bankshares

Several institutional investors have recently made changes to their positions in AMNB. ORG Partners LLC purchased a new position in American National Bankshares during the 3rd quarter valued at $92,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of American National Bankshares in the third quarter worth about $2,700,000. New York Life Investment Management LLC purchased a new position in American National Bankshares in the 3rd quarter worth about $936,000. LPL Financial LLC lifted its holdings in American National Bankshares by 17.5% during the 2nd quarter. LPL Financial LLC now owns 13,093 shares of the financial services provider’s stock valued at $379,000 after buying an additional 1,949 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in American National Bankshares in the 3rd quarter valued at about $168,000. Institutional investors own 42.37% of the company’s stock.

About American National Bankshares

(Get Free Report)

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 Wealth Management. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits.

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