Smith Salley & Associates Has $6.34 Million Stake in American National BankShares Inc (AMNB)

Smith Salley & Associates trimmed its stake in shares of American National BankShares Inc (NASDAQ:AMNB) by 11.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,425 shares of the financial services provider’s stock after selling 21,036 shares during the period. Smith Salley & Associates owned about 1.86% of American National BankShares worth $6,335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of American National BankShares by 6.1% during the second quarter. Renaissance Technologies LLC now owns 135,376 shares of the financial services provider’s stock valued at $5,415,000 after purchasing an additional 7,776 shares during the last quarter. Martingale Asset Management L P purchased a new stake in shares of American National BankShares during the second quarter valued at $537,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of American National BankShares by 14.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 17,976 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 2,276 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of American National BankShares by 1.9% during the second quarter. BlackRock Inc. now owns 598,790 shares of the financial services provider’s stock valued at $23,952,000 after purchasing an additional 10,939 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of American National BankShares by 225.7% during the second quarter. Acadian Asset Management LLC now owns 5,022 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 3,480 shares during the last quarter. 34.47% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the company. ValuEngine raised American National BankShares from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Zacks Investment Research raised American National BankShares from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Monday, July 23rd. BidaskClub raised American National BankShares from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Keefe, Bruyette & Woods raised American National BankShares from a “market perform” rating to an “outperform” rating and upped their target price for the company from $41.00 to $43.00 in a report on Thursday. Finally, Raymond James raised American National BankShares from a “market perform” rating to an “outperform” rating and set a $41.00 target price for the company in a report on Wednesday, October 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. American National BankShares currently has an average rating of “Hold” and a consensus price target of $42.00.

Shares of American National BankShares stock opened at $36.55 on Friday. The stock has a market capitalization of $317.99 million, a P/E ratio of 17.66 and a beta of 0.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.87. American National BankShares Inc has a 1 year low of $34.76 and a 1 year high of $42.85.

American National BankShares (NASDAQ:AMNB) last announced its quarterly earnings data on Thursday, October 18th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $18.13 million during the quarter, compared to analysts’ expectations of $18.49 million. American National BankShares had a return on equity of 10.56% and a net margin of 24.19%. On average, research analysts forecast that American National BankShares Inc will post 2.72 earnings per share for the current year.

In other American National BankShares news, Director Franklin W. Maddux acquired 2,500 shares of American National BankShares stock in a transaction that occurred on Monday, October 22nd. The stock was purchased at an average cost of $37.40 per share, with a total value of $93,500.00. Following the purchase, the director now owns 20,402 shares in the company, valued at $763,034.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders purchased 3,698 shares of company stock valued at $137,072. Company insiders own 5.91% of the company’s stock.

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American National BankShares Company Profile

American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segments, Community Banking, and Trust and Investment Services. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits, as well as certificates of deposit.

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Institutional Ownership by Quarter for American National BankShares (NASDAQ:AMNB)

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