American National BankShares (AMNB) Raised to “Sell” at BidaskClub

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BidaskClub upgraded shares of American National BankShares (NASDAQ:AMNB) from a strong sell rating to a sell rating in a research note published on Monday morning.

AMNB has been the topic of a number of other research reports. Keefe, Bruyette & Woods upgraded American National BankShares from a market perform rating to an outperform rating and increased their target price for the stock from $41.00 to $43.00 in a research note on Thursday, November 8th. Zacks Investment Research upgraded American National BankShares from a hold rating to a buy rating and set a $42.00 target price on the stock in a research note on Friday, October 5th. Raymond James upgraded American National BankShares from an outperform rating to a strong-buy rating in a research note on Monday. Finally, ValuEngine upgraded American National BankShares from a sell rating to a hold rating in a research note on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $39.33.

NASDAQ:AMNB opened at $32.00 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $269.80 million, a price-to-earnings ratio of 15.46 and a beta of 0.88. American National BankShares has a 12-month low of $28.39 and a 12-month high of $42.85.

American National BankShares (NASDAQ:AMNB) last released its quarterly earnings data on Thursday, October 18th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $18.13 million during the quarter, compared to the consensus estimate of $18.49 million. American National BankShares had a net margin of 24.19% and a return on equity of 10.56%. Equities research analysts predict that American National BankShares will post 2.7 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Friday, December 7th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.13%. American National BankShares’s dividend payout ratio (DPR) is currently 48.31%.

In related news, Director Franklin W. Maddux acquired 2,500 shares of the stock in a transaction on Monday, October 22nd. The shares were purchased at an average price of $37.40 per share, for a total transaction of $93,500.00. Following the purchase, the director now directly owns 20,402 shares in the company, valued at $763,034.80. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frank C. Crist, Jr. acquired 2,000 shares of the stock in a transaction on Tuesday, December 11th. The shares were bought at an average price of $32.94 per share, for a total transaction of $65,880.00. Following the purchase, the director now owns 113,162 shares in the company, valued at $3,727,556.28. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 5,698 shares of company stock worth $202,952. 5.91% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. increased its stake in American National BankShares by 703.3% during the 3rd quarter. Macquarie Group Ltd. now owns 3,213 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 2,813 shares during the period. SG Americas Securities LLC bought a new position in American National BankShares during the 2nd quarter worth $137,000. Ramsey Quantitative Systems increased its stake in American National BankShares by 78.4% during the 3rd quarter. Ramsey Quantitative Systems now owns 4,263 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 1,873 shares during the period. MetLife Investment Advisors LLC increased its stake in American National BankShares by 58.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 6,847 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 2,536 shares during the period. Finally, Woodmont Investment Counsel LLC bought a new position in American National BankShares during the 3rd quarter worth $401,000. Hedge funds and other institutional investors own 34.61% of the company’s stock.

American National BankShares Company Profile

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 Trust and Investment Services. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits, as well as certificates of deposit.

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