American National Bankshares (NASDAQ:AMNB) Announces Quarterly Earnings Results

American National Bankshares (NASDAQ:AMNB) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.63 by $0.17, MarketWatch Earnings reports. American National Bankshares had a net margin of 25.52% and a return on equity of 8.95%.

AMNB opened at $27.98 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a fifty day moving average price of $27.23 and a 200 day moving average price of $24.34. American National Bankshares has a 1 year low of $18.53 and a 1 year high of $36.99. The stock has a market cap of $306.97 million, a P/E ratio of 10.76 and a beta of 1.09.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Thursday, January 7th. Raymond James boosted their target price on shares of American National Bankshares from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TheStreet upgraded shares of American National Bankshares from a “c+” rating to a “b” rating in a research note on Monday, November 16th.

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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Earnings History for American National Bankshares (NASDAQ:AMNB)

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