November 30, 2016 - By Ruchi Gupta
In a analysts note issued to clients on 29 November, analysts at KBW’s equity research division boosted American National Bankshares (NASDAQ:AMNB)‘s stock from a Mkt Perform to Outperform.
Out of 4 analysts covering American National Bankshares (NASDAQ:AMNB), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. American National Bankshares has been the topic of 5 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by Keefe Bruyette & Woods on Tuesday, November 29 to “Outperform”. On Tuesday, September 1 the stock rating was downgraded by Zacks to “Buy”. The firm has “Outperform” rating given on Friday, July 24 by Raymond James. The rating was initiated by Stephens with “Equalweight” on Friday, January 8.
The stock increased 0.48% or $0.15 on November 29, hitting $31.2. American National BankShares Inc (NASDAQ:AMNB) has risen 18.00% since April 27, 2016 and is uptrending. It has outperformed by 12.78% the S&P500.
Analysts await American National BankShares Inc (NASDAQ:AMNB) to report earnings on January, 19. They expect $0.40 earnings per share, down 24.53% or $0.13 from last year’s $0.53 per share. AMNB’s profit will be $3.43M for 19.50 P/E if the $0.40 EPS becomes a reality. After $0.45 actual earnings per share 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 is positive, 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.
Alliancebernstein Limited Partnership holds 0% or 8,000 shares in its portfolio. Wedge L Limited Partnership Nc holds 0.01% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 20,700 shares. Moreover, Parametric Portfolio Assoc Ltd has 0% invested in American National BankShares Inc (NASDAQ:AMNB) for 8,181 shares. The Illinois-based First Advsrs Lp has invested 0% in American National BankShares Inc (NASDAQ:AMNB). Cornerstone Capital Hldgs Lc reported 641 shares or 0% of all its holdings. Blackrock Institutional Na has 275,418 shares for 0% of their US portfolio. Northern Trust Corporation accumulated 94,512 shares or 0% of the stock. Raymond James Ser Advsrs owns 24,533 shares or 0.01% of their US portfolio. Blackrock Advsr Limited Com holds 0% or 4,694 shares in its portfolio. Strs Ohio holds 0% or 23,000 shares in its portfolio. Advisory Ser Networks Lc has 0.05% invested in the company for 8,000 shares. Geode Management Ltd Limited Liability Company reported 44,779 shares or 0% of all its holdings. Deere & holds 0.01% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 9,701 shares. Fsi Grp Ltd Liability Corp accumulated 11,237 shares or 0.17% of the stock. Kennedy Capital Management owns 250,622 shares or 0.13% of their US portfolio.
Insider Transactions: Since June 17, 2016, the stock had 7 buys, and 0 selling transactions for $324,510 net activity. $10,880 worth of American National BankShares Inc (NASDAQ:AMNB) was bought by Hamadi Ramsey K. 49 shares with value of $1,344 were bought by Harris Charles S on Friday, June 17.
American National Bankshares Inc. is a one-bank holding company. The company has a market cap of $267.51 million. American National Bank and Trust Company is the only banking subsidiary of the Company. It has a 16.03 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.”
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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By Ruchi Gupta