American National Bankshares (NASDAQ:AMNB) Releases Quarterly Earnings Results, Beats Estimates By $0.17 EPS

American National Bankshares (NASDAQ:AMNB) posted its earnings results on Wednesday. The financial services provider reported $0.80 earnings per share for the quarter, topping 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 stock opened at $27.98 on Friday. The firm has a 50 day moving average of $27.23 and a 200-day moving average of $24.34. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.11. American National Bankshares has a 12 month low of $18.53 and a 12 month high of $36.99. The firm has a market capitalization of $306.97 million, a P/E ratio of 10.76 and a beta of 1.09.

A number of equities analysts have recently commented on AMNB shares. Raymond James raised their price objective on shares of American National Bankshares from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday. TheStreet upgraded shares of American National Bankshares from a “c+” rating to a “b” rating in a research report on Monday, November 16th. Finally, 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 report on Thursday, January 7th.

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.

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Earnings History for American National Bankshares (NASDAQ:AMNB)

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