American National Bankshares, Inc. (NASDAQ:AMNB) Director Charles H. Majors sold 1,800 shares of American National Bankshares stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $39.51, for a total transaction of $71,118.00. Following the completion of the sale, the director now owns 55,786 shares in the company, valued at $2,204,104.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

American National Bankshares, Inc. (AMNB) traded up $0.40 during trading on Friday, hitting $39.05. 5,580 shares of the stock were exchanged, compared to its average volume of 10,724. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $340.27 million, a P/E ratio of 19.77 and a beta of 0.74.

American National Bankshares (NASDAQ:AMNB) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. American National Bankshares had a net margin of 23.04% and a return on equity of 8.45%. The firm had revenue of $18.14 million for the quarter, compared to the consensus estimate of $17.56 million. analysts forecast that American National Bankshares, Inc. will post 2.05 earnings per share for the current year.

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AMNB has been the topic of a number of research reports. Zacks Investment Research upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Monday, July 24th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 target price on shares of American National Bankshares in a report on Thursday, July 27th. ValuEngine upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, National Bank Financial downgraded shares of American National Bankshares to a “market perform” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $41.00.

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings 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 worth $104,000 after buying an additional 273 shares during the last quarter. American International Group Inc. increased its holdings in shares of American National Bankshares by 6.9% in the 1st quarter. American International Group Inc. now owns 5,049 shares of the financial services provider’s stock worth $188,000 after buying an additional 328 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of American National Bankshares by 2.3% in the 1st quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock worth $260,000 after buying an additional 159 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in American National Bankshares by 20.6% during 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 during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in American National Bankshares during the 1st quarter valued at about $283,000. Hedge funds and other institutional investors own 34.36% of the company’s stock.

American National Bankshares Company Profile

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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