Wells Fargo & Company MN grew its position in shares of American National Bankshares, Inc. (NASDAQ:AMNB) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,372 shares of the financial services provider’s stock after purchasing an additional 398 shares during the period. Wells Fargo & Company MN owned 0.09% of American National Bankshares worth $272,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake 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 worth $13,031,000 after purchasing an additional 10,209 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $10,403,000 after purchasing an additional 12,687 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of American National Bankshares by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 98,300 shares of the financial services provider’s stock worth $3,662,000 after purchasing an additional 2,200 shares during the last quarter. LSV Asset Management boosted its stake in shares of American National Bankshares by 4.7% during the 2nd quarter. LSV Asset Management now owns 90,883 shares of the financial services provider’s stock worth $3,358,000 after purchasing an additional 4,064 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of American National Bankshares by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 54,590 shares of the financial services provider’s stock worth $2,017,000 after purchasing an additional 2,541 shares during the last quarter. 34.19% of the stock is currently owned by institutional investors.

Shares of American National Bankshares, Inc. (NASDAQ AMNB) opened at $38.60 on Friday. American National Bankshares, Inc. has a 12 month low of $29.65 and a 12 month high of $42.99. The stock has a market cap of $333.79, a PE ratio of 19.40 and a beta of 0.74. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.

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

In related news, Director Charles H. Majors sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $39.51, for a total value of $71,118.00. Following the sale, the director now directly owns 55,786 shares of the company’s stock, valued at $2,204,104.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.39% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on AMNB shares. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of American National Bankshares in a research note on Friday, October 20th. ValuEngine raised shares of American National Bankshares from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised 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 research note on Friday, September 1st. National Bank Financial cut shares of American National Bankshares to a “market perform” rating in a research note on Friday, October 20th. Finally, Keefe, Bruyette & Woods cut shares of American National Bankshares from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.00.

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American National Bankshares 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.

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

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