Recent extremely meaningful positive changes in fundamentals have benefitted American National Bankshares Inc (NASDAQ: AMNB): the consensus estimate for December, 2023 increased significantly, the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
. Positive development: its shorter term price trend turned up. Negative development: negative upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
AMNB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
American National Bankshares has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. American National Bankshares has a slightly negative Appreciation Score of 36 but a very high Power Rating of 86, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 11/6/23, American National Bankshares Inc (NASDAQ: AMNB) stock declined by -1.2%, closing at $42.02. The stock has been exceptionally strong relative to the market over the last nine months and has risen 13.6% during the last week.
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