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AMNB

American National BanksharesNasdaqGS:AMNB Stock Report

Last Price

US$39.40

Market Cap

US$424.7m

7D

3.5%

1Y

39.3%

Updated

26 Jan, 2022

Data

Company Financials +
AMNB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

AMNB Stock Overview

American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services in Virginia and North Carolina.

American National Bankshares Competitors

Pinnacle Financial Partners

NasdaqGS:PNFP

US$7.5b

Bank OZK

NasdaqGS:OZK

US$6.0b

SouthState

NasdaqGS:SSB

US$5.9b

ServisFirst Bancshares

NYSE:SFBS

US$4.6b

Price History & Performance

Summary of all time highs, changes and price drops for American National Bankshares
Historical stock prices
Current Share PriceUS$39.40
52 Week HighUS$40.34
52 Week LowUS$27.56
Beta1.14
1 Month Change2.31%
3 Month Change5.01%
1 Year Change39.27%
3 Year Change21.61%
5 Year Change10.99%
Change since IPO181.43%

Recent News & Updates

Shareholder Returns

AMNBUS BanksUS Market
7D3.5%-4.5%-5.1%
1Y39.3%28.6%3.3%

Return vs Industry: AMNB exceeded the US Banks industry which returned 26.6% over the past year.

Return vs Market: AMNB exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is AMNB's price volatile compared to industry and market?
AMNB volatility
AMNB Average Weekly Movement3.7%
Banks Industry Average Movement3.9%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: AMNB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AMNB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1909346Jeff Haleyhttps://www.amnb.com

American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services in Virginia and North Carolina. 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.

American National Bankshares Fundamentals Summary

How do American National Bankshares's earnings and revenue compare to its market cap?
AMNB fundamental statistics
Market CapUS$424.68m
Earnings (TTM)US$43.53m
Revenue (TTM)US$114.25m

9.8x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AMNB income statement (TTM)
RevenueUS$114.25m
Cost of RevenueUS$0
Gross ProfitUS$114.25m
ExpensesUS$70.72m
EarningsUS$43.53m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.04
Gross Margin100.00%
Net Profit Margin38.10%
Debt/Equity Ratio19.5%

How did AMNB perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

27%

Payout Ratio

Valuation

Is American National Bankshares undervalued compared to its fair value and its price relative to the market?

37.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AMNB ($39.4) is trading below our estimate of fair value ($63.37)

Significantly Below Fair Value: AMNB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AMNB is good value based on its PE Ratio (9.8x) compared to the US Banks industry average (11x).

PE vs Market: AMNB is good value based on its PE Ratio (9.8x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: AMNB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AMNB's PB Ratio (1.2x) is in line with the US Banks industry average.


Future Growth

How is American National Bankshares forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMNB's earnings are forecast to decline over the next 3 years (-13.1% per year).

Earnings vs Market: AMNB's earnings are forecast to decline over the next 3 years (-13.1% per year).

High Growth Earnings: AMNB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AMNB's revenue is expected to decline over the next 3 years (-1.9% per year).

High Growth Revenue: AMNB's revenue is forecast to decline over the next 3 years (-1.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AMNB's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

How has American National Bankshares performed over the past 5 years?

21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMNB has high quality earnings.

Growing Profit Margin: AMNB's current net profit margins (38.1%) are higher than last year (32.7%).


Past Earnings Growth Analysis

Earnings Trend: AMNB's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: AMNB's earnings growth over the past year (44.9%) exceeds its 5-year average (21% per year).

Earnings vs Industry: AMNB earnings growth over the past year (44.9%) exceeded the Banks industry 43.4%.


Return on Equity

High ROE: AMNB's Return on Equity (12.3%) is considered low.


Financial Health

How is American National Bankshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: AMNB's Assets to Equity ratio (9.4x) is low.

Allowance for Bad Loans: AMNB has a sufficient allowance for bad loans (841%).

Low Risk Liabilities: 97% of AMNB's liabilities are made up of primarily low risk sources of funding.

Loan Level: AMNB has an appropriate level of Loans to Assets ratio (58%).

Low Risk Deposits: AMNB's Loans to Deposits ratio (67%) is appropriate.

Level of Bad Loans: AMNB has an appropriate level of bad loans (0.1%).


Dividend

What is American National Bankshares's current dividend yield, its reliability and sustainability?

2.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AMNB's dividend (2.84%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: AMNB's dividend (2.84%) is low compared to the top 25% of dividend payers in the US market (3.57%).


Stability and Growth of Payments

Stable Dividend: AMNB's dividends per share have been stable in the past 10 years.

Growing Dividend: AMNB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.2%), AMNB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AMNB's dividends in 3 years are forecast to be well covered by earnings (36.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Jeff Haley (61 yo)

10yrs

Tenure

US$747,134

Compensation

Mr. Jeffrey Vernon Haley, also known as Jeff, has been the President of American National Bankshares Inc., since January 1, 2012 and its Chief Executive Officer since January 1, 2013. Mr. Haley has been th...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD747.13K) is below average for companies of similar size in the US market ($USD1.70M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AMNB's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: AMNB's board of directors are seasoned and experienced ( 10.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AMNB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

American National Bankshares Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: American National Bankshares Inc.
  • Ticker: AMNB
  • Exchange: NasdaqGS
  • Founded: 1909
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$424.682m
  • Shares outstanding: 10.78m
  • Website: https://www.amnb.com

Number of Employees


Location

  • American National Bankshares Inc.
  • 628 Main Street
  • Danville
  • Virginia
  • 24541
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 00:56
End of Day Share Price2022/01/25 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.