American National Bankshares (NASDAQ:AMNB) Stock Price Passes Above 200-Day Moving Average of $44.82

Shares of American National Bankshares Inc. (NASDAQ:AMNB) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.82 and traded as high as $48.25. American National Bankshares shares last traded at $47.76, with a volume of 119,400 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of American National Bankshares in a report on Friday. They issued a “sell” rating on the stock.

American National Bankshares Trading Down 0.3 %

The company has a market cap of $507.69 million, a PE ratio of 19.49 and a beta of 0.91. The stock’s 50 day moving average is $46.56 and its 200-day moving average is $44.88. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.08.

American National Bankshares (NASDAQ:AMNB) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.31). The firm had revenue of $36.27 million for the quarter. American National Bankshares had a return on equity of 7.88% and a net margin of 18.88%. As a group, sell-side analysts anticipate that American National Bankshares Inc. will post 2.6 EPS for the current year.

American National Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. American National Bankshares’s payout ratio is 48.98%.

Institutional Investors Weigh In On American National Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in AMNB. ORG Partners LLC acquired a new stake in American National Bankshares in the 3rd quarter valued at $92,000. SG Americas Securities LLC acquired a new stake in American National Bankshares in the 3rd quarter valued at $168,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in American National Bankshares in the 4th quarter valued at $246,000. Atlantic Union Bankshares Corp acquired a new stake in American National Bankshares in the 4th quarter valued at $318,000. Finally, Wolverine Asset Management LLC acquired a new stake in American National Bankshares in the 3rd quarter valued at $560,000. Institutional investors and hedge funds own 47.92% of the company’s stock.

About American National Bankshares

As of April 1, 2024, American National Bankshares Inc was acquired by Atlantic Union Bankshares Corporation. American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that engages in the provision of financial products and services. The company operates through two segments: Community Banking and Wealth Management.