American National BankShares Inc (AMNB) Announces Quarterly Dividend of $0.25

American National BankShares Inc (NASDAQ:AMNB) announced a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Friday, June 7th will be given a dividend of 0.25 per share by the financial services provider on Friday, June 21st. This represents a $1.00 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Thursday, June 6th.

American National BankShares has increased its dividend payment by an average of 13.2% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. American National BankShares has a dividend payout ratio of 36.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American National BankShares to earn $3.24 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 30.9%.

AMNB stock opened at $36.25 on Thursday. American National BankShares has a one year low of $28.39 and a one year high of $42.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $407.30 million, a PE ratio of 13.48 and a beta of 0.95.

A hedge fund recently raised its stake in American National BankShares stock. Geode Capital Management LLC grew its holdings in American National BankShares Inc (NASDAQ:AMNB) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,457 shares of the financial services provider’s stock after acquiring an additional 7,838 shares during the period. Geode Capital Management LLC owned about 0.78% of American National BankShares worth $2,006,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 30.81% of the company’s stock.

Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of American National BankShares from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Raymond James set a $40.00 target price on shares of American National BankShares and gave the company a “buy” rating in a report on Thursday, April 4th. BidaskClub upgraded shares of American National BankShares from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, ValuEngine upgraded shares of American National BankShares from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $39.00.

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About American National BankShares

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.

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Dividend History for American National BankShares (NASDAQ:AMNB)

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