American National Bankshares, Inc. (NASDAQ:AMNB) Director Charles H. Majors sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $39.51, for a total value of $71,118.00. Following the completion of the transaction, the director now owns 55,786 shares of the company’s stock, valued at approximately $2,204,104.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of American National Bankshares, Inc. (AMNB) traded up $0.10 during trading on Monday, hitting $37.60. The stock had a trading volume of 4,400 shares, compared to its average volume of 13,638. American National Bankshares, Inc. has a fifty-two week low of $28.41 and a fifty-two week high of $42.99. The stock has a market capitalization of $325.14, a P/E ratio of 18.89 and a beta of 0.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18.
American National Bankshares (NASDAQ:AMNB) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. American National Bankshares had a return on equity of 8.39% and a net margin of 23.04%. The firm had revenue of $18.14 million for the quarter, compared to analysts’ expectations of $17.56 million. analysts forecast that American National Bankshares, Inc. will post 2.05 earnings per share for the current year.
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AMNB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered American National Bankshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th. ValuEngine lowered American National Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of American National Bankshares in a report on Friday, October 20th. National Bank Financial lowered American National Bankshares to a “market perform” rating in a report on Friday, October 20th. Finally, Zacks Investment Research raised American National Bankshares from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Monday, September 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.00.
A number of hedge funds and other institutional investors have recently modified their holdings of AMNB. Parametric Portfolio Associates LLC boosted its holdings in shares of American National Bankshares by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 7,897 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 107 shares during the period. Wells Fargo & Company MN lifted its holdings in American National Bankshares by 2.3% during the first quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock worth $260,000 after buying an additional 159 shares during the period. Alliancebernstein L.P. lifted its holdings in American National Bankshares by 2.4% during the first quarter. Alliancebernstein L.P. now owns 8,400 shares of the financial services provider’s stock worth $313,000 after buying an additional 200 shares during the period. Bank of America Corp DE lifted its holdings in American National Bankshares by 10.8% during the first quarter. Bank of America Corp DE now owns 2,801 shares of the financial services provider’s stock worth $104,000 after buying an additional 273 shares during the period. Finally, American International Group Inc. lifted its holdings in American National Bankshares by 6.9% during the first quarter. American International Group Inc. now owns 5,049 shares of the financial services provider’s stock worth $188,000 after buying an additional 328 shares during the period. 34.19% of the stock is currently owned by institutional investors.
About American National Bankshares
American National Bankshares Inc is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. The Community banking segment involves making loans to and generating deposits from individuals and businesses.
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