American National BankShares Inc (AMNB) Director Dan Miller Pleasant Buys 675 Shares

American National BankShares Inc (NASDAQ:AMNB) Director Dan Miller Pleasant acquired 675 shares of the stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of $36.86 per share, for a total transaction of $24,880.50. Following the acquisition, the director now owns 16,925 shares in the company, valued at approximately $623,855.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of American National BankShares Inc (NASDAQ:AMNB) traded down $0.15 during mid-day trading on Thursday, hitting $36.55. The company’s stock had a trading volume of 8,000 shares, compared to its average volume of 9,527. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $317.48, a P/E ratio of 20.89 and a beta of 0.71. American National BankShares Inc has a 52 week low of $33.80 and a 52 week high of $42.99.

American National BankShares (NASDAQ:AMNB) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The business had revenue of $18.17 million during the quarter, compared to the consensus estimate of $18.02 million. American National BankShares had a return on equity of 8.65% and a net margin of 19.74%. equities analysts expect that American National BankShares Inc will post 2.55 EPS for the current year.

American National BankShares declared that its board has approved a stock buyback program on Friday, January 19th that authorizes the company to buyback 300,000 shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of analysts have issued reports on AMNB shares. BidaskClub raised American National BankShares from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research lowered American National BankShares from a “buy” rating to a “hold” rating in a report on Monday, January 8th. ValuEngine upgraded American National BankShares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Raymond James Financial reiterated a “market perform” rating on shares of American National BankShares in a research report on Friday, October 20th. Finally, National Bank Financial downgraded American National BankShares to a “market perform” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $40.50.

Several institutional investors have recently bought and sold shares of the stock. Maltese Capital Management LLC lifted its position in shares of American National BankShares by 251.2% during the 4th quarter. Maltese Capital Management LLC now owns 85,000 shares of the financial services provider’s stock worth $3,256,000 after buying an additional 60,800 shares during the period. Dimensional Fund Advisors LP raised its position in American National BankShares by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 297,043 shares of the financial services provider’s stock valued at $12,238,000 after purchasing an additional 7,043 shares during the last quarter. Wells Fargo & Company MN raised its position in American National BankShares by 44.7% in the 3rd quarter. Wells Fargo & Company MN now owns 10,664 shares of the financial services provider’s stock valued at $440,000 after purchasing an additional 3,292 shares during the last quarter. Macquarie Group Ltd. bought a new position in American National BankShares in the 3rd quarter valued at $336,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake 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 buying an additional 3,241 shares during the period. Institutional investors and hedge funds own 33.24% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “American National BankShares Inc (AMNB) Director Dan Miller Pleasant Buys 675 Shares” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/02/08/american-national-bankshares-inc-amnb-director-dan-miller-pleasant-buys-675-shares.html.

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.

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

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

Leave a Reply