American National Bankshares, Inc. (NASDAQ:AMNB) Director Charles H. Majors sold 1,800 shares of American National Bankshares stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $39.51, for a total value of $71,118.00. Following the completion of the sale, the director now directly 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 is available at this link.

American National Bankshares (NASDAQ:AMNB) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. American National Bankshares had a return on equity of 8.45% and a net margin of 23.04%. The firm had revenue of $18.14 million for the quarter, compared to the consensus estimate of $17.56 million.

COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/11/02/insider-selling-american-national-bankshares-inc-amnb-director-sells-1800-shares-of-stock.html.

A number of analysts have commented on AMNB shares. Zacks Investment Research raised American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday, July 24th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 target price on shares of American National Bankshares in a report on Thursday, July 27th. ValuEngine raised American National Bankshares from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, National Bank Financial lowered American National Bankshares to a “market perform” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. American National Bankshares presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its position in shares of American National Bankshares by 32.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,237 shares of the financial services provider’s stock valued at $545,000 after acquiring an additional 3,241 shares during the period. The Manufacturers Life Insurance Company grew its position in American National Bankshares by 20.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,152 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 1,223 shares during the period. State Street Corp grew its position in American National Bankshares by 4.4% during the 2nd quarter. State Street Corp now owns 159,630 shares of the financial services provider’s stock worth $5,899,000 after purchasing an additional 6,687 shares during the period. Goldman Sachs Group Inc. grew its position in American National Bankshares by 23.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 9,398 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 1,794 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in American National Bankshares by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 290,000 shares of the financial services provider’s stock worth $10,716,000 after purchasing an additional 10,729 shares during the period. 34.36% of the stock is currently owned by hedge funds and other 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.

Receive News & Ratings for American National Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Bankshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.