American National Bankshares, Inc. (AMNB) Director F D. Hornaday III Sells 1,500 Shares of Stock

American National Bankshares, Inc. (NASDAQ:AMNB) Director F D. Hornaday III sold 1,500 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $60,465.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of American National Bankshares, Inc. (NASDAQ:AMNB) traded down $0.50 during mid-day trading on Friday, reaching $40.65. 8,440 shares of the company’s stock were exchanged, compared to its average volume of 9,294. American National Bankshares, Inc. has a 52-week low of $30.65 and a 52-week high of $42.99. 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 firm has a market cap of $351.51, a price-to-earnings ratio of 20.43 and a beta of 0.74.

American National Bankshares (NASDAQ:AMNB) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $18.14 million for the quarter, compared to analyst estimates of $17.56 million. American National Bankshares had a net margin of 23.04% and a return on equity of 8.39%. research analysts predict that American National Bankshares, Inc. will post 2.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, November 30th. This is a positive change from American National Bankshares’s previous quarterly dividend of $0.24. American National Bankshares’s dividend payout ratio is 50.25%.

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of American National Bankshares by 10.8% in the 1st quarter. Bank of America Corp DE now owns 2,801 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 273 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of American National Bankshares by 20.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,152 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 1,223 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of American National Bankshares by 5.7% during the 2nd quarter. Wells Fargo & Company MN now owns 7,372 shares of the financial services provider’s stock valued at $272,000 after buying an additional 398 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of American National Bankshares during the 1st quarter valued at about $283,000. Finally, Parametric Portfolio Associates LLC grew its position in shares of American National Bankshares by 1.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 7,897 shares of the financial services provider’s stock valued at $294,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 33.32% of the company’s stock.

Several analysts have recently issued reports on the stock. Raymond James Financial reissued a “market perform” rating on shares of American National Bankshares in a research note on Friday, October 20th. National Bank Financial lowered shares of American National Bankshares to a “market perform” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods lowered shares of American National Bankshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th. ValuEngine lowered shares of American National Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.00.

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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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