Market Rating: Keefe Bruyette & Woods Gives American National Bankshares (NASDAQ:AMNB) Higher Rating. Lost Its “Market Perform” Rating

November 29, 2016 - By Peter Kolinski

Market Rating:  Keefe Bruyette & Woods Gives American National Bankshares (NASDAQ:AMNB) Higher Rating. Lost Its

American National Bankshares (NASDAQ:AMNB) Upgrade

Keefe Bruyette & Woods has upped American National Bankshares (NASDAQ:AMNB) stock to “Outperform” in a report issued to clients on Tuesday morning. AMNB’s old rating was “Market Perform”.

American National BankShares Inc (NASDAQ:AMNB) Ratings Coverage

Out of 3 analysts covering American National Bankshares (NASDAQ:AMNB), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. American National Bankshares has been the topic of 4 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Equalweight” rating given by Stephens on Friday, January 8. The rating was upgraded by Raymond James to “Outperform” on Friday, July 24. The firm has “Buy” rating by Zacks given on Tuesday, September 1.

About 4,446 shares traded hands. American National BankShares Inc (NASDAQ:AMNB) has risen 18.24% since April 26, 2016 and is uptrending. It has outperformed by 12.98% the S&P500.

Analysts await American National BankShares Inc (NASDAQ:AMNB) to report earnings on January, 19. They expect $0.40 EPS, down 24.53% or $0.13 from last year’s $0.53 per share. AMNB’s profit will be $3.43M for 19.84 P/E if the $0.40 EPS becomes a reality. After $0.45 actual EPS reported by American National BankShares Inc for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 2 in Q2 2016. Its up 0.87, from 1.13 in 2016Q1. The ratio improved, as 3 funds sold all American National BankShares Inc shares owned while 20 reduced positions. 7 funds bought stakes while 19 increased positions. They now own 2.63 million shares or 3.00% more from 2.55 million shares in 2016Q1.

Renaissance Technology Ltd Liability holds 75,100 shares or 0% of its portfolio. Moreover, California Pub Employees Retirement Systems has 0% invested in American National BankShares Inc (NASDAQ:AMNB) for 15,000 shares. Teachers Advisors Incorporated last reported 0% of its portfolio in the stock. Kennedy Capital Mngmt holds 250,622 shares or 0.13% of its portfolio. Wilbanks Smith And Thomas Asset Management Llc holds 0.04% or 14,801 shares in its portfolio. Moreover, Blackrock Institutional Trust Com Na has 0% invested in American National BankShares Inc (NASDAQ:AMNB) for 275,418 shares. Cornerstone Cap Mgmt Limited Liability holds 0% or 641 shares in its portfolio. Rhumbline Advisers reported 10,463 shares or 0% of all its holdings. Lsv Asset Management accumulated 0% or 70,141 shares. Deutsche State Bank Ag last reported 0% of its portfolio in the stock. Brown Advisory Incorporated reported 34,100 shares or 0% of all its holdings. Us Comml Bank De accumulated 0% or 1,500 shares. Barclays Public Limited Liability Corporation last reported 0% of its portfolio in the stock. Tower Rech Limited Liability Company (Trc) reported 184 shares or 0% of all its holdings. Geode Cap Ltd Company has 0% invested in the company for 44,779 shares.

Insider Transactions: Since June 17, 2016, the stock had 7 insider purchases, and 0 insider sales for $324,510 net activity. Harris Charles S bought $1,344 worth of stock or 49 shares. Hamadi Ramsey K had bought 400 shares worth $10,880 on Tuesday, August 30.

American National Bankshares Inc. is a one-bank holding company. The company has a market cap of $272.23 million. American National Bank and Trust Company is the only banking subsidiary of the Company. It has a 16.31 P/E ratio. The Firm operates through two divisions: community banking, and trust and investment services.

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

AMNB Company Profile

American National Bankshares Inc., incorporated on March 3, 1998, is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Firm operates through two divisions: community banking, and trust and investment services. Community banking involves making loans to and generating deposits from individuals and businesses. All assets and liabilities of the Company are allocated to community banking. Investment income from securities is also allocated to the community banking segment. Loan fee income, service charges from deposit accounts and non-deposit fees, such as automated teller machine fees and insurance commissions generate additional income for community banking. Trust and investment services include estate planning, trust account administration, investment management and retail brokerage. Investment management services include purchasing equity, fixed income, and mutual fund investments for customer accounts. The trust and investment services division receives fees for investment and administrative services.

Another recent and important American National BankShares Inc (NASDAQ:AMNB) news was published by Nasdaq.com which published an article titled: “American National Bankshares (AMNB) is in Overbought Territory: What’s Next?” on November 25, 2016.

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