American National BankShares (AMNB) Upgraded by Zacks Investment Research to Hold

American National BankShares (NASDAQ:AMNB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “American National Bankshares Inc. is a one-bank holding company. “

AMNB has been the subject of several other research reports. Raymond James raised shares of American National BankShares from an “outperform” rating to a “strong-buy” rating in a report on Monday, January 7th. BidaskClub raised shares of American National BankShares from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, ValuEngine raised shares of American National BankShares from a “sell” rating to a “hold” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. American National BankShares has a consensus rating of “Hold” and an average price target of $39.00.

NASDAQ AMNB opened at $36.98 on Tuesday. American National BankShares has a 52 week low of $28.39 and a 52 week high of $42.85. The stock has a market cap of $400.32 million, a PE ratio of 13.75 and a beta of 0.94. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.13.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in American National BankShares by 3.5% in the 4th quarter. BlackRock Inc. now owns 623,737 shares of the financial services provider’s stock worth $18,280,000 after acquiring an additional 21,194 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in American National BankShares by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 373,505 shares of the financial services provider’s stock worth $10,947,000 after acquiring an additional 12,763 shares in the last quarter. Renaissance Technologies LLC increased its holdings in American National BankShares by 4.7% in the 3rd quarter. Renaissance Technologies LLC now owns 141,771 shares of the financial services provider’s stock worth $5,529,000 after acquiring an additional 6,395 shares in the last quarter. FMR LLC increased its holdings in American National BankShares by 86.6% in the 4th quarter. FMR LLC now owns 114,239 shares of the financial services provider’s stock worth $3,348,000 after acquiring an additional 53,008 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in American National BankShares by 1.1% in the 4th quarter. Northern Trust Corp now owns 104,300 shares of the financial services provider’s stock worth $3,057,000 after acquiring an additional 1,136 shares in the last quarter. 38.64% of the stock is owned by institutional investors.

American National BankShares Company Profile

American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segments, Community Banking, and Trust and Investment Services. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits, as well as certificates of deposit.

Read More: What is a good rate of return for a mutual fund?

Get a free copy of the Zacks research report on American National BankShares (AMNB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for American National BankShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National BankShares and related companies with MarketBeat.com's FREE daily email newsletter.