American National Bankshares (NASDAQ:AMNB) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of American National Bankshares (NASDAQ:AMNB) in a report released on Saturday. The brokerage set a “sell” rating on the financial services provider’s stock.

American National Bankshares Price Performance

Shares of NASDAQ AMNB opened at $47.76 on Friday. American National Bankshares has a 1 year low of $25.26 and a 1 year high of $50.76. The company’s 50-day moving average is $46.87 and its 200 day moving average is $45.29. 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 stock has a market capitalization of $507.69 million, a P/E ratio of 19.49 and a beta of 0.91.

Hedge Funds Weigh In On American National Bankshares

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in American National Bankshares by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 501,630 shares of the financial services provider’s stock valued at $19,032,000 after purchasing an additional 1,454 shares in the last quarter. Bank of New York Mellon Corp lifted its position in American National Bankshares by 293.2% during the third quarter. Bank of New York Mellon Corp now owns 242,412 shares of the financial services provider’s stock valued at $9,197,000 after purchasing an additional 180,767 shares in the last quarter. American National Bank & Trust Co. VA bought a new position in shares of American National Bankshares during the 1st quarter valued at approximately $5,897,000. Gardner Lewis Asset Management L P boosted its position in shares of American National Bankshares by 118.2% in the fourth quarter. Gardner Lewis Asset Management L P now owns 85,702 shares of the financial services provider’s stock worth $4,178,000 after purchasing an additional 46,429 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in American National Bankshares in the 3rd quarter worth $3,021,000. 47.92% of the stock is currently owned by hedge funds and other institutional investors.

American National Bankshares Company Profile

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.