The Manufacturers Life Insurance Company Sells 7,920 Shares of American National Bankshares Inc. (NASDAQ:AMNB)

The Manufacturers Life Insurance Company decreased its position in American National Bankshares Inc. (NASDAQ:AMNB) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,243 shares of the financial services provider’s stock after selling 7,920 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in American National Bankshares were worth $2,899,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMNB. BlackRock Inc. raised its position in shares of American National Bankshares by 5.5% in the first quarter. BlackRock Inc. now owns 843,907 shares of the financial services provider’s stock valued at $27,908,000 after purchasing an additional 43,962 shares during the period. Franklin Resources Inc. raised its position in shares of American National Bankshares by 138.7% in the first quarter. Franklin Resources Inc. now owns 72,823 shares of the financial services provider’s stock valued at $2,408,000 after purchasing an additional 42,319 shares during the period. Cornercap Investment Counsel Inc. bought a new position in American National Bankshares during the first quarter worth $589,000. Monarch Partners Asset Management LLC increased its position in American National Bankshares by 23.2% during the second quarter. Monarch Partners Asset Management LLC now owns 73,642 shares of the financial services provider’s stock worth $2,290,000 after acquiring an additional 13,847 shares during the period. Finally, Panagora Asset Management Inc. increased its position in American National Bankshares by 1,671.9% during the second quarter. Panagora Asset Management Inc. now owns 10,419 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 9,831 shares during the period. 37.94% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of American National Bankshares from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $35.00 to $37.00 in a research report on Sunday, July 25th. Zacks Investment Research lowered shares of American National Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, October 4th.

Shares of American National Bankshares stock opened at $34.20 on Thursday. The firm has a market capitalization of $371.96 million, a PE ratio of 9.83 and a beta of 1.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.87 and a quick ratio of 0.87. The company’s fifty day moving average price is $33.09 and its two-hundred day moving average price is $32.97. American National Bankshares Inc. has a 52-week low of $21.95 and a 52-week high of $36.50.

American National Bankshares (NASDAQ:AMNB) last announced its quarterly earnings results on Wednesday, July 21st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.22. The firm had revenue of $26.91 million for the quarter, compared to analyst estimates of $25.66 million. American National Bankshares had a net margin of 32.93% and a return on equity of 11.20%. Analysts predict that American National Bankshares Inc. will post 3.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Friday, September 3rd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, September 2nd. American National Bankshares’s dividend payout ratio (DPR) is presently 39.56%.

American National Bankshares Profile

American National Bankshares, Inc (Virginia) is a one-bank holding company, which engages in the provision of financial products and services. It offers commercial, mortgage and consumer banking, trust and investment services, and insurance. It operates through the following segments: Community Banking, Trust and Investment Services, and Other.

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

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