American National Bankshares, Inc. (NASDAQ:AMNB) Director F D. Hornaday III sold 1,500 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $60,465.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of American National Bankshares, Inc. (AMNB) traded down $0.50 during mid-day trading on Friday, hitting $40.65. 8,440 shares of the stock traded hands, compared to its average volume of 13,395. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92. American National Bankshares, Inc. has a 12 month low of $30.65 and a 12 month high of $42.99. The stock has a market cap of $349.79, a price-to-earnings ratio of 20.33 and a beta of 0.74.

American National Bankshares (NASDAQ:AMNB) last issued its quarterly 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 net margin of 23.04% and a return on equity of 8.39%. The company had revenue of $18.14 million during the quarter, compared to analyst estimates of $17.56 million. equities research analysts anticipate that American National Bankshares, Inc. will post 2.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.46%. This is a positive change from American National Bankshares’s previous quarterly dividend of $0.24. American National Bankshares’s dividend payout ratio (DPR) is presently 48.24%.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of American National Bankshares by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 349,824 shares of the financial services provider’s stock worth $13,031,000 after purchasing an additional 10,209 shares during the last quarter. Geode Capital Management LLC grew its stake in American National Bankshares by 4.4% in the 1st quarter. Geode Capital Management LLC now owns 49,093 shares of the financial services provider’s stock valued at $1,828,000 after buying an additional 2,073 shares in the last quarter. Alliancebernstein L.P. grew its stake in American National Bankshares by 52.4% in the 2nd quarter. Alliancebernstein L.P. now owns 12,800 shares of the financial services provider’s stock valued at $473,000 after buying an additional 4,400 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in American National Bankshares by 46.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 15,700 shares of the financial services provider’s stock valued at $581,000 after buying an additional 5,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in American National Bankshares by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 290,000 shares of the financial services provider’s stock valued at $10,716,000 after buying an additional 10,729 shares in the last quarter. Institutional investors own 33.32% of the company’s stock.

Several research firms have commented on AMNB. Zacks Investment Research upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Friday, September 1st. Raymond James Financial reiterated a “market perform” rating on shares of American National Bankshares in a research note on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $39.00 price objective on shares of American National Bankshares in a research note on Tuesday, October 3rd. ValuEngine lowered shares of American National Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, National Bank Financial lowered shares of American National Bankshares to a “market perform” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. American National Bankshares presently has a consensus rating of “Hold” and a consensus price target of $41.00.

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American National Bankshares Company Profile

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.

Insider Buying and Selling by Quarter for American National Bankshares (NASDAQ:AMNB)

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