KBW Keeps a Buy Rating on American National Bankshares

By Jason Carr

In a report released yesterday, Catherine Mealor from KBW reiterated a Buy rating on American National Bankshares (NASDAQ: AMNB), with a price target of $39. The company’s shares closed yesterday at $35.85.

According to TipRanks.com, Mealor is a 5-star analyst with an average return of 15.8% and a 76.8% success rate. Mealor covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, Community Bankers Trust Corp, and Eastern Virginia Bankshares.

American National Bankshares has an analyst consensus of Moderate Buy, with a price target consensus of $37.

American National Bankshares’ market cap is currently $309.7M and has a P/E ratio of 19.07. The company has a book value ratio of 1.5163.

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American National Bankshares, Inc. operates as a bank holding company, which engages in the provision of financial products and services. It includes commercial, mortgage, consumer banking, trust, investment services, and insurance. It operates through the following segments: Community Banking; Trust and Investment Services; and Others. The Community Banking segment involves making loans to and generating deposits from individuals and businesses. The Trust and Investment Services segment offers estate planning, trust account administration, investment management, and retail brokerage. The Others segment includes debt service on trust preferred securities and corporate items. The company was founded in 1984 and is headquartered in Danville, VA.