American National BankShares Inc (NASDAQ:AMNB) declared a quarterly dividend on Wednesday, November 20th, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.27 per share by the financial services provider on Friday, December 20th. This represents a $1.08 annualized dividend and a yield of 2.89%. The ex-dividend date is Thursday, December 5th.
Shares of American National BankShares stock traded down $0.32 during midday trading on Tuesday, hitting $37.39. The company’s stock had a trading volume of 1,088 shares, compared to its average volume of 14,162. American National BankShares has a 1-year low of $28.39 and a 1-year high of $41.50. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $420.42 million, a P/E ratio of 13.90 and a beta of 1.07. The stock has a 50-day simple moving average of $36.84 and a 200-day simple moving average of $35.95.
American National BankShares (NASDAQ:AMNB) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. American National BankShares had a return on equity of 11.18% and a net margin of 18.38%. The firm had revenue of $24.79 million during the quarter, compared to the consensus estimate of $25.09 million. As a group, sell-side analysts predict that American National BankShares will post 2.88 earnings per share for the current year.
AMNB has been the subject of a number of research analyst reports. BidaskClub lowered shares of American National BankShares from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Zacks Investment Research raised shares of American National BankShares from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods lowered shares of American National BankShares from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $40.00 to $37.00 in a research note on Thursday, September 5th. Finally, ValuEngine upgraded shares of American National BankShares from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.
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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