American National BankShares (AMNB) Lowered to Sell at Zacks Investment Research

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Zacks Investment Research lowered shares of American National BankShares (NASDAQ:AMNB) from a hold rating to a sell rating in a research note released on Wednesday morning.

According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “

Other research analysts also recently issued research reports about the stock. Raymond James set a $38.00 price target on shares of American National BankShares and gave the stock a buy rating in a research report on Friday, January 18th. ValuEngine upgraded shares of American National BankShares from a sell rating to a hold rating in a report on Tuesday, October 30th. BidaskClub upgraded shares of American National BankShares from a sell rating to a hold rating in a report on Thursday, October 11th. Finally, Keefe, Bruyette & Woods upgraded shares of American National BankShares from a market perform rating to an outperform rating and increased their price objective for the company from $41.00 to $43.00 in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $38.33.

AMNB opened at $34.02 on Wednesday. American National BankShares has a twelve month low of $28.39 and a twelve month high of $42.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $297.34 million, a P/E ratio of 12.65 and a beta of 0.87.

In other American National BankShares news, Director Frank C. Crist, Jr. acquired 2,000 shares of the business’s stock in a transaction on Tuesday, December 11th. The stock was bought at an average price of $32.94 per share, for a total transaction of $65,880.00. Following the acquisition, the director now owns 113,162 shares in the company, valued at $3,727,556.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dan Miller Pleasant acquired 1,060 shares of the business’s stock in a transaction on Tuesday, January 22nd. The stock was acquired at an average price of $32.87 per share, with a total value of $34,842.20. Following the acquisition, the director now owns 20,155 shares in the company, valued at approximately $662,494.85. The disclosure for this purchase can be found here. 5.91% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of AMNB. BlackRock Inc. grew its position in American National BankShares by 3.5% in the 4th quarter. BlackRock Inc. now owns 623,737 shares of the financial services provider’s stock valued at $18,280,000 after buying an additional 21,194 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of American National BankShares by 122.0% during the 4th quarter. Acadian Asset Management LLC now owns 11,149 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 6,127 shares in the last quarter. First Trust Advisors LP bought a new position in shares of American National BankShares during the 4th quarter valued at about $269,000. ClariVest Asset Management LLC bought a new position in shares of American National BankShares during the 4th quarter valued at about $163,000. Finally, Rhumbline Advisers boosted its position in shares of American National BankShares by 43.8% during the 4th quarter. Rhumbline Advisers now owns 11,810 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 3,599 shares in the last quarter. 34.61% of the stock is owned by institutional investors and hedge funds.

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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