NasdaqGS:AMNB

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American National Bankshares

Executive Summary

American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. More Details


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has American National Bankshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AMNB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.6%

AMNB

5.1%

US Banks

0.4%

US Market


1 Year Return

-34.2%

AMNB

-26.7%

US Banks

17.8%

US Market

Return vs Industry: AMNB underperformed the US Banks industry which returned -26.7% over the past year.

Return vs Market: AMNB underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

AMNBIndustryMarket
7 Day6.6%5.1%0.4%
30 Day19.4%11.9%6.1%
90 Day5.7%5.4%8.9%
1 Year-31.7%-34.2%-24.0%-26.7%20.5%17.8%
3 Year-32.9%-38.8%-15.9%-22.9%42.3%32.9%
5 Year12.3%-4.0%20.3%5.4%84.2%63.4%

Price Volatility Vs. Market

How volatile is American National Bankshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

42.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AMNB ($23.99) is trading below our estimate of fair value ($41.58)

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 (9.2x) compared to the US Banks industry average (10.3x).

PE vs Market: AMNB is good value based on its PE Ratio (9.2x) compared to the US market (19.1x).


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 (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

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

-9.5%

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 (-9.5% per year).

Earnings vs Market: AMNB's earnings are forecast to decline over the next 3 years (-9.5% 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 (-1.2% per year).

High Growth Revenue: AMNB's revenue is forecast to decline over the next 3 years (-1.2% 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 (6.8%).


Next Steps

Past Performance

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

12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMNB has high quality earnings.

Growing Profit Margin: AMNB's current net profit margins (31.9%) are higher than last year (21.5%).


Past Earnings Growth Analysis

Earnings Trend: AMNB's earnings have grown by 12.1% per year over the past 5 years.

Accelerating Growth: AMNB's earnings growth over the past year (55.1%) exceeds its 5-year average (12.1% per year).

Earnings vs Industry: AMNB earnings growth over the past year (55.1%) exceeded the Banks industry -4%.


Return on Equity

High ROE: AMNB's Return on Equity (8.6%) is considered low.


Next Steps

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 (8.7x) is low.

Allowance for Bad Loans: AMNB has a sufficient allowance for bad loans (625%).

Low Risk Liabilities: 96% 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 (71%).

Low Risk Deposits: AMNB's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: AMNB has an appropriate level of bad loans (0.2%).


Next Steps

Dividend

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

4.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AMNB's dividend (4.5%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: AMNB's dividend (4.5%) is low compared to the top 25% of dividend payers in the US market (4.56%).


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 (41.5%), 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 covered by earnings (52.1% 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 (60 yo)

7.75yrs

Tenure

US$941,960

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 ($USD941.96K) is about average for companies of similar size in the US market ($USD1.23M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Haley
President7.75yrsUS$941.96k0.58%
$ 1.5m
Jeffrey Farrar
Executive VP1yrUS$229.29k0.026%
$ 69.6k
Edward Martin
Chief Administrative Officer0.17yrUS$323.44k0.032%
$ 85.3k
H. Strader
Executive VP & Chief Banking Officerno dataUS$555.74k0.19%
$ 507.7k
John Settle
Executive VP and President of Wealth Managementno dataUS$284.91k0.033%
$ 86.3k
Cathy Liles
Senior VP & Chief Accounting Officer4.75yrsno datano data
Charles Canaday
Executive VP & Regional President of East Regionno datano datano data
William Kirby
SVP of American National Bank & Trust Co. and Market President of American National Bank & Trust Co.3.75yrsno datano data
Cynthia Vogler
Senior Vice President0.75yrno datano data
Rhonda Joyce
Executive VP & Regional President of South Regionno datano datano data
Mark Smith
Chief Credit Officer0.17yrno datano data
Mark Strosnider
Vice President of National Bank & Trust Company15.5yrsno datano data

2.4yrs

Average Tenure

58.5yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Haley
President7.75yrsUS$941.96k0.58%
$ 1.5m
Charles Majors
Chairman of the Board8.75yrsUS$160.00k0.54%
$ 1.4m
Michael Haley
Independent Lead Director1.42yrsUS$52.80k0.19%
$ 491.0k
John Love
Independent Director9.25yrsUS$47.10k0.25%
$ 652.9k
F. Hornaday
Independent Director9.25yrsUS$49.20k0.30%
$ 778.2k
James Copland
Member of Advisory Boardno datano datano data
Joel Shepherd
Independent Director5.75yrsUS$48.30k0.66%
$ 1.7m
Tammy Finley
Independent Director3.08yrsUS$51.60k0.053%
$ 140.4k
Charles Harris
Independent Director11.92yrsUS$45.33k0.097%
$ 254.5k
Kenneth Bowling
Independent Director1.5yrsUS$34.20k0.13%
$ 352.8k
Dan Pleasant
Independent Director9.75yrsUS$49.20k0.26%
$ 694.9k
Ronda Penn
Independent Director5.25yrsUS$49.20k0.077%
$ 201.4k

8.8yrs

Average Tenure

69.5yo

Average Age

Experienced Board: AMNB's board of directors are considered experienced (8.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: AMNB insiders have sold more shares than they have bought 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 company bio, 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
  • Market Cap: US$263.034m
  • Shares outstanding: 10.96m
  • Website: https://www.amnb.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMNBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1993

Biography

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, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 05:19
End of Day Share Price2020/10/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.