Today’s Rating Change: Is It Finally Time To Buy? Keefe Bruyette Upgrades Am Natl Bankshares (NASDAQ:AMNB)

November 29, 2016 - By Louis Casey

Today's Rating Change:  Is It Finally Time To Buy? Keefe Bruyette Upgrades Am Natl Bankshares (NASDAQ:AMNB)

Am Natl Bankshares (NASDAQ:AMNB) Upgrade

Trading of Am Natl Bankshares (NASDAQ:AMNB)‘s shares is going to be interesting today. Keefe Bruyette raised the stock from a Mkt Perform to a Outperform.

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. Stephens initiated the shares of AMNB in a report on Friday, January 8 with “Equalweight” rating. On Tuesday, September 1 the stock rating was downgraded by Zacks to “Buy”. Raymond James upgraded American National BankShares Inc (NASDAQ:AMNB) on Friday, July 24 to “Outperform” rating.

About 2,133 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 19.38 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 increased, 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.

Barclays Public Ltd Liability Corp has 0% invested in the company for 29 shares. Woodmont Investment Counsel Ltd Liability reported 10,290 shares or 0.08% of all its holdings. Wedge L Limited Partnership Nc accumulated 20,700 shares or 0.01% of the stock. Tower Research Capital Limited Liability Corp (Trc) holds 0% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 184 shares. Bnp Paribas Arbitrage reported 319 shares or 0% of all its holdings. Deere & Comm holds 0.01% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 9,701 shares. Wilbanks Smith Thomas Asset Mngmt Limited Liability Company, a Virginia-based fund reported 14,801 shares. Cornerstone Limited Co has 0% invested in the company for 641 shares. Perkins Inv Lc last reported 0% of its portfolio in the stock. Blackrock has 0% invested in the company for 3,744 shares. Us Bancshares De accumulated 0% or 1,500 shares. Smith Salley Assoc holds 1.1% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 188,108 shares. Comml Bank Of America De reported 3,863 shares or 0% of all its holdings. Advisory Ser Networks Ltd Llc holds 0.05% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 8,000 shares. Wells Fargo & Mn has 4,110 shares for 0% of their US portfolio.

Insider Transactions: Since June 17, 2016, the stock had 7 buys, and 0 insider sales for $324,510 net activity. Hamadi Ramsey K also bought $104,346 worth of American National BankShares Inc (NASDAQ:AMNB) shares. Harris Charles S also bought $1,344 worth of American National BankShares Inc (NASDAQ:AMNB) shares.

American National Bankshares Inc. is a one-bank holding company. The company has a market cap of $265.80 million. American National Bank and Trust Company is the only banking subsidiary of the Company. It has a 15.92 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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