American National Bankshares (NASDAQ:AMNB) Stock Passes Above 200 Day Moving Average of $44.82

American National Bankshares Inc. (NASDAQ:AMNB)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.82 and traded as high as $48.25. American National Bankshares shares last traded at $47.76, with a volume of 119,400 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on American National Bankshares in a report on Friday. They set a “sell” rating on the stock.

American National Bankshares Stock Performance

The company has a market capitalization of $507.69 million, a P/E ratio of 19.49 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.86 and a quick ratio of 0.86. The company has a fifty day moving average price of $46.52 and a two-hundred day moving average price of $44.82.

American National Bankshares (NASDAQ:AMNB) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate 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 during the quarter. Equities analysts forecast that American National Bankshares Inc. will post 2.6 earnings per share for the current fiscal year.

American National Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Tuesday, February 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Friday, February 16th. American National Bankshares’s payout ratio is presently 48.98%.

Institutional Trading of American National Bankshares

Several institutional investors have recently added to or reduced their stakes in AMNB. ORG Partners LLC bought a new stake in American National Bankshares in the third quarter valued at approximately $92,000. SG Americas Securities LLC acquired a new position in American National Bankshares in the third quarter valued at approximately $168,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in American National Bankshares in the fourth quarter valued at approximately $246,000. Atlantic Union Bankshares Corp acquired a new position in American National Bankshares in the fourth quarter valued at approximately $318,000. Finally, Wolverine Asset Management LLC acquired a new position in American National Bankshares in the third quarter valued at approximately $560,000. 47.92% of the stock is currently owned by institutional investors.

About American National Bankshares

As of April 1, 2024, American National Bankshares Inc was acquired by Atlantic Union Bankshares Corporation. American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that engages in the provision of financial products and services. The company operates through two segments: Community Banking and Wealth Management.