American National BankShares Inc (NASDAQ:AMNB) declared a quarterly dividend on Friday, July 20th, Wall Street Journal reports. Shareholders of record on Friday, September 7th will be given a dividend of 0.25 per share by the financial services provider on Friday, September 21st. This represents a $1.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, September 6th.
American National BankShares has increased its dividend payment by an average of 1.8% annually over the last three years and has raised its dividend every year for the last 2 years. American National BankShares has a payout ratio of 36.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American National BankShares to earn $2.93 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 34.1%.
AMNB opened at $41.45 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $358.48 million, a price-to-earnings ratio of 16.73 and a beta of 0.65. American National BankShares has a 12-month low of $34.95 and a 12-month high of $42.99.
American National BankShares (NASDAQ:AMNB) last posted its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $18.35 million during the quarter, compared to the consensus estimate of $18.01 million. American National BankShares had a return on equity of 10.15% and a net margin of 23.11%. equities analysts predict that American National BankShares will post 2.73 earnings per share for the current year.
A number of equities analysts have issued reports on the company. BidaskClub upgraded American National BankShares from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Zacks Investment Research downgraded American National BankShares from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $42.50.
About American National BankShares
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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