American National Bankshares (NASDAQ:AMNB) Research Coverage Started at StockNews.com

Analysts at StockNews.com assumed coverage on shares of American National Bankshares (NASDAQ:AMNB) in a research report issued to clients and investors on Thursday. The firm set a “sell” rating on the financial services provider’s stock.

American National Bankshares Stock Performance

Shares of NASDAQ AMNB opened at $47.76 on Thursday. The company has a market cap of $507.69 million, a P/E ratio of 19.49 and a beta of 0.91. American National Bankshares has a 52-week low of $25.26 and a 52-week high of $50.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 0.86. The firm’s fifty day moving average is $46.34 and its two-hundred day moving average is $44.54.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in American National Bankshares in the first quarter worth $27,000. UBS Group AG increased its holdings in shares of American National Bankshares by 103.8% in the 3rd quarter. UBS Group AG now owns 1,392 shares of the financial services provider’s stock worth $45,000 after buying an additional 709 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of American National Bankshares during the 3rd quarter valued at about $92,000. Citigroup Inc. raised its position in shares of American National Bankshares by 154,000.0% during the 2nd quarter. Citigroup Inc. now owns 3,082 shares of the financial services provider’s stock valued at $89,000 after buying an additional 3,080 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of American National Bankshares by 47.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,052 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 1,299 shares during the last quarter. 47.92% of the stock is currently owned by 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.