American National Bankshares, Inc. (NASDAQ:AMNB)‘s stock had its “market perform” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a report issued on Tuesday. They presently have a $39.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential downside of 6.81% from the company’s previous close.

A number of other equities research analysts have also issued reports on AMNB. BidaskClub lowered shares of American National Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Monday, July 24th. Finally, ValuEngine lowered shares of American National Bankshares from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.

Shares of American National Bankshares (NASDAQ AMNB) opened at 41.85 on Tuesday. The stock’s 50 day moving average price is $37.98 and its 200-day moving average price is $37.23. American National Bankshares has a 12-month low of $26.41 and a 12-month high of $42.50. The firm has a market capitalization of $361.67 million, a P/E ratio of 22.03 and a beta of 0.80.

American National Bankshares (NASDAQ:AMNB) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The company had revenue of $17.26 million during the quarter, compared to analyst estimates of $16.93 million. American National Bankshares had a net margin of 22.82% and a return on equity of 8.05%. On average, equities analysts expect that American National Bankshares will post $2.01 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “American National Bankshares, Inc. (AMNB) Rating Reiterated by Keefe, Bruyette & Woods” was published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at http://www.mareainformativa.com/american-national-bankshares-inc-amnb-rating-reiterated-by-keefe-bruyette-woods/116566/.

Large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of American National Bankshares by 10.8% during the 1st quarter. Bank of America Corp DE now owns 2,801 shares of the financial services provider’s stock valued at $104,000 after buying an additional 273 shares during the period. American International Group Inc. boosted its stake in shares of American National Bankshares by 6.9% during the 1st quarter. American International Group Inc. now owns 5,049 shares of the financial services provider’s stock valued at $188,000 after buying an additional 328 shares during the period. Wells Fargo & Company MN boosted its stake in shares of American National Bankshares by 2.3% during the 1st quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock valued at $260,000 after buying an additional 159 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of American National Bankshares by 20.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,152 shares of the financial services provider’s stock valued at $264,000 after buying an additional 1,223 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of American National Bankshares by 12.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,539 shares of the financial services provider’s stock valued at $281,000 after buying an additional 847 shares during the period. 34.47% of the stock is owned by institutional investors.

About American National Bankshares

American National Bankshares Inc is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. The Community banking segment involves making loans to and generating deposits from individuals and businesses.

Receive News & Stock Ratings for American National Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Bankshares Inc. and related stocks with our FREE daily email newsletter.