Macquarie Group Ltd. purchased a new stake in shares of American National Bankshares, Inc. (NASDAQ:AMNB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,157 shares of the financial services provider’s stock, valued at approximately $336,000. Macquarie Group Ltd. owned 0.09% of American National Bankshares at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMNB. Systematic Financial Management LP lifted its holdings in shares of American National Bankshares by 21.0% during the 2nd quarter. Systematic Financial Management LP now owns 114,510 shares of the financial services provider’s stock valued at $4,231,000 after buying an additional 19,885 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of American National Bankshares by 20.1% during the 2nd quarter. New York State Common Retirement Fund now owns 106,990 shares of the financial services provider’s stock valued at $3,953,000 after buying an additional 17,889 shares during the period. First Trust Advisors LP lifted its holdings in shares of American National Bankshares by 200.3% during the 2nd quarter. First Trust Advisors LP now owns 20,013 shares of the financial services provider’s stock valued at $739,000 after buying an additional 13,348 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of American National Bankshares by 4.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 279,271 shares of the financial services provider’s stock valued at $10,403,000 after buying an additional 12,687 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of American National Bankshares by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 349,824 shares of the financial services provider’s stock valued at $13,031,000 after buying an additional 10,209 shares during the period. 33.32% of the stock is currently owned by hedge funds and other institutional investors.

In other American National Bankshares news, Director F D. Hornaday III sold 1,500 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $60,465.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles H. Majors sold 907 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $39.50, for a total value of $35,826.50. Following the completion of the sale, the director now owns 54,902 shares of the company’s stock, valued at approximately $2,168,629. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock valued at $179,052 in the last quarter. 6.39% of the stock is currently owned by company insiders.

American National Bankshares, Inc. (NASDAQ:AMNB) opened at $39.60 on Friday. American National Bankshares, Inc. has a twelve month low of $33.80 and a twelve month high of $42.99. The company has a market capitalization of $342.43, a price-to-earnings ratio of 19.90 and a beta of 0.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18.

American National Bankshares (NASDAQ:AMNB) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. American National Bankshares had a return on equity of 8.39% and a net margin of 23.04%. The company had revenue of $18.14 million for the quarter, compared to analysts’ expectations of $17.56 million. analysts anticipate that American National Bankshares, Inc. will post 2.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.25 dividend. This is a boost from American National Bankshares’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, November 30th. American National Bankshares’s dividend payout ratio (DPR) is currently 50.25%.

A number of equities analysts recently commented on AMNB shares. BidaskClub cut American National Bankshares from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $39.00 target price on shares of American National Bankshares in a report on Tuesday, October 3rd. Zacks Investment Research raised 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. ValuEngine cut American National Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, National Bank Financial cut American National Bankshares to a “market perform” rating in a report on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. American National Bankshares has an average rating of “Hold” and an average price target 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.

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

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