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

StockNews.com assumed coverage on shares of American National Bankshares (NASDAQ:AMNBFree Report) in a report issued on Friday. The brokerage issued a sell rating on the financial services provider’s stock.

American National Bankshares Price Performance

Shares of American National Bankshares stock opened at $46.84 on Friday. The stock has a 50 day moving average of $45.79 and a 200 day moving average of $43.26. American National Bankshares has a 12 month low of $25.26 and a 12 month high of $50.76. The firm has a market cap of $497.91 million, a PE ratio of 19.12 and a beta of 0.90. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.08.

American National Bankshares (NASDAQ:AMNBGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.31). American National Bankshares had a net margin of 18.88% and a return on equity of 7.88%. The company had revenue of $36.27 million for the quarter. On average, research analysts expect that American National Bankshares will post 2.6 EPS for the current fiscal year.

American National Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Tuesday, February 20th were issued a $0.30 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 2.56%. American National Bankshares’s payout ratio is 48.98%.

Insider Transactions at American National Bankshares

In related news, EVP Jeffrey W. Farrar sold 651 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $47.03, for a total value of $30,616.53. Following the transaction, the executive vice president now owns 9,887 shares of the company’s stock, valued at $464,985.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other American National Bankshares news, EVP Jeffrey W. Farrar sold 651 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $47.03, for a total transaction of $30,616.53. Following the sale, the executive vice president now owns 9,887 shares of the company’s stock, valued at approximately $464,985.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rhonda P. Joyce sold 630 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $47.03, for a total value of $29,628.90. Following the sale, the senior vice president now directly owns 16,688 shares in the company, valued at approximately $784,836.64. The disclosure for this sale can be found here. Company insiders own 3.95% of the company’s stock.

Hedge Funds Weigh In On American National Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new position in shares of American National Bankshares during the 3rd quarter valued at about $956,000. Qube Research & Technologies Ltd purchased a new stake in shares of American National Bankshares during the 3rd quarter valued at approximately $3,021,000. Gabelli Funds LLC purchased a new stake in American National Bankshares in the third quarter valued at approximately $2,461,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in American National Bankshares in the third quarter valued at approximately $2,700,000. Finally, ORG Partners LLC purchased a new stake in American National Bankshares in the third quarter valued at approximately $92,000. Hedge funds and other institutional investors own 42.37% of the company’s stock.

American National Bankshares Company Profile

(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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