American National BankShares Inc (NASDAQ:AMNB) Declares $0.27 Quarterly Dividend

American National BankShares Inc (NASDAQ:AMNB) declared a quarterly dividend on Wednesday, November 20th, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.27 per share by the financial services provider on Friday, December 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, December 5th.

NASDAQ:AMNB opened at $37.71 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. American National BankShares has a 1-year low of $28.39 and a 1-year high of $41.50. The company has a 50-day moving average of $36.84 and a 200 day moving average of $35.95. The firm has a market cap of $420.42 million, a PE ratio of 14.02 and a beta of 1.07.

American National BankShares (NASDAQ:AMNB) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. American National BankShares had a net margin of 18.38% and a return on equity of 11.18%. The business had revenue of $24.79 million during the quarter, compared to analyst estimates of $25.09 million. Sell-side analysts anticipate that American National BankShares will post 2.88 EPS for the current fiscal year.

AMNB has been the topic of several research reports. ValuEngine raised shares of American National BankShares from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. BidaskClub lowered American National BankShares from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Zacks Investment Research upgraded American National BankShares from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods cut American National BankShares from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $40.00 to $37.00 in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $37.00.

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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