Rhumbline Advisers trimmed its holdings in shares of American National BankShares Inc (NASDAQ:AMNB) by 15.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,550 shares of the financial services provider’s stock after selling 1,510 shares during the period. Rhumbline Advisers owned approximately 0.10% of American National BankShares worth $327,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Macquarie Group Ltd. acquired a new position in American National BankShares during the third quarter valued at $336,000. Wells Fargo & Company MN increased 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 worth $440,000 after purchasing an additional 3,292 shares during the last quarter. Maltese Capital Management LLC increased its position in American National BankShares by 251.2% in the 4th quarter. Maltese Capital Management LLC now owns 85,000 shares of the financial services provider’s stock worth $3,256,000 after purchasing an additional 60,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased 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 worth $12,238,000 after purchasing an additional 7,043 shares during the last quarter. 33.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AMNB stock opened at $37.50 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. American National BankShares Inc has a fifty-two week low of $34.60 and a fifty-two week high of $42.99. The stock has a market capitalization of $325.33, a price-to-earnings ratio of 18.20 and a beta of 0.65.
American National BankShares (NASDAQ:AMNB) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. American National BankShares had a return on equity of 8.64% and a net margin of 19.74%. The company had revenue of $18.17 million for the quarter, compared to analyst estimates of $18.02 million. equities research analysts expect that American National BankShares Inc will post 2.6 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, March 1st. American National BankShares’s payout ratio is currently 48.31%.
American National BankShares declared that its Board of Directors has approved a share buyback plan on Friday, January 19th that authorizes the company to buyback 300,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
Several research analysts have weighed in on the company. BidaskClub raised American National BankShares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised American National BankShares from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Wednesday, April 4th. Finally, ValuEngine raised American National BankShares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $40.50.
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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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