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

StockNews.com initiated coverage on shares of American National Bankshares (NASDAQ:AMNB) in a research note issued to investors on Friday. The firm issued a sell rating on the financial services provider’s stock.

American National Bankshares Stock Down 0.3 %

American National Bankshares stock opened at $47.76 on Friday. The firm has a market cap of $507.69 million, a price-to-earnings ratio of 19.49 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.08. The business’s 50-day moving average price is $46.61 and its 200 day moving average price is $45.03. American National Bankshares has a 52 week low of $25.26 and a 52 week high of $50.76.

American National Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Tuesday, February 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.20 annualized dividend and a yield of 2.51%. American National Bankshares’s payout ratio is 48.98%.

Institutional Trading of American National Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of AMNB. ORG Partners LLC acquired a new stake in shares of American National Bankshares in the third quarter valued at $92,000. SG Americas Securities LLC acquired a new position in American National Bankshares in the 3rd quarter valued at about $168,000. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in American National Bankshares during the fourth quarter worth about $246,000. Atlantic Union Bankshares Corp purchased a new stake in American National Bankshares during the fourth quarter worth about $318,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of American National Bankshares during the third quarter worth about $560,000. 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.