StockNews.com Initiates Coverage on American National Bankshares (NASDAQ:AMNB)

Investment analysts at StockNews.com started coverage on shares of American National Bankshares (NASDAQ:AMNB) in a research note issued to investors on Saturday. The brokerage set a “sell” rating on the financial services provider’s stock.

American National Bankshares Price Performance

American National Bankshares stock opened at $47.76 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 0.86. American National Bankshares has a 52 week low of $25.26 and a 52 week high of $50.76. The stock has a market capitalization of $507.69 million, a P/E ratio of 19.49 and a beta of 0.91. The stock has a fifty day moving average of $46.87 and a 200-day moving average of $45.20.

Institutional Investors Weigh In On American National Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of AMNB. Bank of New York Mellon Corp grew its position in American National Bankshares by 293.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 242,412 shares of the financial services provider’s stock worth $9,197,000 after acquiring an additional 180,767 shares during the last quarter. American National Bank & Trust Co. VA bought a new stake in American National Bankshares during the 1st quarter worth $5,897,000. Qube Research & Technologies Ltd bought a new stake in shares of American National Bankshares in the 3rd quarter valued at about $3,021,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of American National Bankshares in the 3rd quarter valued at about $2,700,000. Finally, Gabelli Funds LLC acquired a new stake in shares of American National Bankshares in the third quarter valued at about $2,461,000. Institutional investors own 47.92% of the company’s stock.

American National Bankshares Company Profile

As of April 1, 2024, American National Bankshares Inc was acquired by Atlantic Union Bankshares Corporation. American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that engages in the provision of financial products and services. The company operates through two segments: Community Banking and Wealth Management.