American National BankShares (AMNB) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

American National BankShares (NASDAQ:AMNB) posted its earnings results on Thursday. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01, Yahoo Finance reports. The company had revenue of $18.17 million during the quarter, compared to analyst estimates of $18.02 million. American National BankShares had a return on equity of 8.39% and a net margin of 23.04%.

Shares of American National BankShares (NASDAQ AMNB) traded down $0.80 on Friday, hitting $39.10. The company had a trading volume of 5,000 shares, compared to its average volume of 10,783. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. American National BankShares has a 1-year low of $33.80 and a 1-year high of $42.99. The firm has a market cap of $345.03, a price-to-earnings ratio of 19.65 and a beta of 0.75.

Several equities analysts recently issued reports on AMNB shares. Zacks Investment Research upgraded American National BankShares from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, January 9th. National Bank Financial lowered American National BankShares to a “market perform” rating in a research report on Friday, October 20th. ValuEngine upgraded American National BankShares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Keefe, Bruyette & Woods lowered American National BankShares from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th. Finally, BidaskClub lowered American National BankShares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. American National BankShares currently has a consensus rating of “Hold” and a consensus price target of $40.50.

In other American National BankShares news, Director Charles H. Majors sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $39.51, for a total transaction of $71,118.00. Following the completion of the transaction, the director now owns 55,786 shares of the company’s stock, valued at approximately $2,204,104.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Charles H. Majors sold 907 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $39.50, for a total value of $35,826.50. Following the transaction, the director now directly owns 54,902 shares of the company’s stock, valued at approximately $2,168,629. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock valued at $179,052 over the last quarter. 6.39% of the stock is owned by insiders.

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American National BankShares Company Profile

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.

Earnings History for American National BankShares (NASDAQ:AMNB)

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