How it All Plays Out: Complementary Reports on American National, ANICO, American River Bankshares, Ameris, and AMERISAFE
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, February 5, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including American National (NASDAQ: AMNB), ANICO (NASDAQ: ANAT), American River Bankshares, (NASDAQ: AMRB), Ameris (NASDAQ: ABCB), and AMERISAFE (NASDAQ: AMSF). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
AMNB Research Report: ( http://get.analystsreview.com/pdf/?c=American%20National&d=05-Feb-2015&s=AMNB ),
ANAT Research Report: ( http://get.analystsreview.com/pdf/?c=ANICO&d=05-Feb-2015&s=ANAT ),
AMRB Research Report: ( http://get.analystsreview.com/pdf/?c=American%20River%20Bankshares&d=05-Feb-2015&s=AMRB ),
ABCB Research Report: ( http://get.analystsreview.com/pdf/?c=Ameris&d=05-Feb-2015&s=ABCB ),
AMSF Research Report: ( http://get.analystsreview.com/pdf/?c=AMERISAFE&d=05-Feb-2015&s=AMSF ).
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Analyst Update: Quarterly Earnings of Finance Companies
Reviewed by: Rohit Tuli, CFA®
Snapping two-day long winning streak, the U.S. benchmark indices ended lower on Wednesday as the European Central Bank (ECB) tightened restrictions on Greece's bailout and as oil prices retreated after four consecutive sessions. While the Dow Jones Industrial Average ended almost flat for the day, the S&P 500 and the Nasdaq Composite indexes finished lower by 0.42% and 0.23%, respectively. The ECB on Wednesday said that it would no longer accept junk-rated Greece government debt as collateral for loans. The move came as a huge blow to the Greece's new government which has been seeking to renegotiate the terms of bailout with its lenders. Meanwhile, European stocks rose for the third straight session on Wednesday, helped by rise in the health care stocks and the Greece market which also overshadowed the decline in energy stocks. Asian stocks mostly ended higher on Wednesday, tracking gains in the European and the US markets.
American National Bankshares, Inc (American National) announced Q4 2014 net income of $2.9 million, or 37 cents per share, as against $3.1 million, or 40 cents per share in Q4 2013. The earnings also trailed the average estimate of analysts surveyed by Zacks Investment Research of 40 cents per share.
American National Insurance Company (ANICO) reported Q3 2014 net income of $67.9 million or $2.52 per diluted share, compared to a net income of $82.6 million or $3.07 per diluted share in Q3 2013. For the 9M 2014 period too, net income declined to $178.0 million or $6.61 per diluted share, from $200.7 million or $7.46 per diluted share in 9M 2013.
American River Bankshares' Q4 2014 net income increased to $1.2 million or $0.15 per diluted share from $0.89 million or $0.10 per diluted share in Q4 2013, ahead of Zacks consensus estimates of 12 cents a share. Net loans totaled $258.1 million at December 31, 2014, up from $251.7 million at December 31, 2013; Nonperforming loans also declined.
Ameris Bancorp (Ameris) reported operating net income of $41.0 million or $1.56 per share for full-year 2014, compared to $21.4 million or $0.89 per share in 2013. For Q4 2014, net income also increased to $10.6 million from $3.8 million recorded during Q4 2013. However, the results failed to meet analysts' expectations.
AMERISAFE, Inc. (AMERISAFE) - a specialty provider of hazardous workers' compensation insurance - reported a 39% YoY increase in net income to $13.5 million for Q3 2014. Voluntary premium for policies written during the quarter increased 3.6% YoY.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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SOURCE Analysts Review
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