American National BankShares Inc (AMNB) Receives Average Recommendation of “Buy” from Brokerages

American National BankShares Inc (NASDAQ:AMNB) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy rating.

Brokers have set a 12-month consensus price objective of $38.00 for the company and are anticipating that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also given American National BankShares an industry rank of 52 out of 265 based on the ratings given to related companies.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised American National BankShares from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Friday, March 17th. Keefe, Bruyette & Woods set a $39.00 price target on American National BankShares and gave the stock a “buy” rating in a report on Tuesday, April 4th.

In related news, VP Ramsey K. Hamadi purchased 1,130 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The stock was purchased at an average cost of $34.93 per share, with a total value of $39,470.90. Following the completion of the acquisition, the vice president now directly owns 16,692 shares in the company, valued at $583,051.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP R Helm Dobbins sold 4,387 shares of the stock in a transaction on Friday, February 17th. The stock was sold at an average price of $36.28, for a total value of $159,160.36. Following the sale, the vice president now directly owns 13,603 shares of the company’s stock, valued at $493,516.84. The disclosure for this sale can be found here. 5.80% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of AMNB. Renaissance Technologies LLC increased its stake in shares of American National BankShares by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 96,100 shares of the financial services provider’s stock valued at $3,344,000 after buying an additional 14,990 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of American National BankShares during the fourth quarter valued at $2,775,000. Dimensional Fund Advisors LP increased its stake in shares of American National BankShares by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 266,584 shares of the financial services provider’s stock valued at $9,278,000 after buying an additional 10,599 shares in the last quarter. State Street Corp increased its stake in shares of American National BankShares by 11.8% in the fourth quarter. State Street Corp now owns 142,498 shares of the financial services provider’s stock valued at $4,957,000 after buying an additional 15,039 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of American National BankShares during the fourth quarter valued at $160,000. 31.41% of the stock is owned by hedge funds and other institutional investors.

American National BankShares (NASDAQ:AMNB) traded up 3.09% during mid-day trading on Tuesday, hitting $38.40. 29,808 shares of the stock were exchanged. The company has a 50 day moving average of $36.55 and a 200 day moving average of $33.54. The firm has a market cap of $331.70 million, a P/E ratio of 20.32 and a beta of 0.79. American National BankShares has a 12-month low of $24.36 and a 12-month high of $42.49.

American National BankShares (NASDAQ:AMNB) last posted its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04. The business earned $16.41 million during the quarter, compared to the consensus estimate of $16.10 million. American National BankShares had a return on equity of 8.06% and a net margin of 23.40%. On average, equities analysts anticipate that American National BankShares will post $1.96 earnings per share for the current fiscal year.

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American National BankShares Company Profile

American National Bankshares Inc is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. The Community banking segment involves making loans to and generating deposits from individuals and businesses.

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