American National Bankshares Inc. (NASDAQ:AMNB) VP Ramsey K. Hamadi purchased 2,700 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was bought at an average price of $30.54 per share, for a total transaction of $82,458.00. Following the acquisition, the vice president now owns 15,079 shares of the company’s stock, valued at $460,512.66. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

American National Bankshares Inc. (NASDAQ:AMNB) traded up 0.49% during mid-day trading on Monday, reaching $30.65. 9,162 shares of the company traded hands. The company’s 50 day moving average price is $28.05 and its 200 day moving average price is $26.97. American National Bankshares Inc. has a 12-month low of $22.29 and a 12-month high of $30.90. The firm has a market capitalization of $264.05 million, a P/E ratio of 15.79 and a beta of 0.72.

American National Bankshares (NASDAQ:AMNB) last released its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.01. American National Bankshares had a net margin of 24.13% and a return on equity of 8.34%. Equities research analysts predict that American National Bankshares Inc. will post $1.83 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.96 annualized dividend and a yield of 3.16%. American National Bankshares’s payout ratio is presently 49.74%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in American National Bankshares by 3.2% in the third quarter. Morgan Stanley now owns 16,595 shares of the financial services provider’s stock valued at $465,000 after buying an additional 520 shares during the last quarter. Northern Trust Corp raised its stake in American National Bankshares by 1.7% in the third quarter. Northern Trust Corp now owns 96,151 shares of the financial services provider’s stock worth $2,687,000 after buying an additional 1,639 shares during the last quarter. California State Teachers Retirement System raised its stake in American National Bankshares by 1.2% in the third quarter. California State Teachers Retirement System now owns 17,417 shares of the financial services provider’s stock worth $487,000 after buying an additional 200 shares during the last quarter. Rhumbline Advisers raised its stake in American National Bankshares by 1.9% in the third quarter. Rhumbline Advisers now owns 10,663 shares of the financial services provider’s stock worth $298,000 after buying an additional 200 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in American National Bankshares by 7.4% in the third quarter. BlackRock Fund Advisors now owns 236,745 shares of the financial services provider’s stock worth $6,617,000 after buying an additional 16,370 shares during the last quarter. Institutional investors own 31.26% of the company’s stock.

Separately, Zacks Investment Research cut shares of American National Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th.

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. Community banking involves making loans to and generating deposits from individuals and businesses.

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