American National Bankshares Inc. (amnb) to Issue Quarterly Dividend of $0.24 on December 16th
American National Bankshares Inc. (NASDAQ:amnb) declared a quarterly dividend on Thursday, November 17th. Shareholders of record on Friday, December 2nd will be paid a dividend of 0.24 per share by the financial services provider on Friday, December 16th. This represents a $0.96 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Wednesday, November 30th.
American National Bankshares (NASDAQ:AMNB) opened at 31.15 on Friday. The firm has a 50-day moving average price of $28.33 and a 200-day moving average price of $27.07. American National Bankshares has a 52 week low of $22.29 and a 52 week high of $31.25. The company has a market capitalization of $268.36 million, a price-to-earnings ratio of 16.05 and a beta of 0.72.
American National Bankshares (NASDAQ:AMNB) last posted its earnings results on Thursday, October 20th. The financial services provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.01. American National Bankshares had a return on equity of 8.34% and a net margin of 24.13%. Analysts anticipate that American National Bankshares will post $1.83 EPS for the current fiscal year.
Separately, Zacks Investment Research raised American National Bankshares from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Monday, August 1st.
In other news, VP Ramsey K. Hamadi acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was bought at an average price of $30.28 per share, with a total value of $30,280.00. Following the completion of the acquisition, the vice president now directly owns 12,379 shares of the company’s stock, valued at approximately $374,836.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ramsey K. Hamadi acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was purchased at an average cost of $27.16 per share, with a total value of $54,320.00. Following the acquisition, the vice president now directly owns 6,110 shares of the company’s stock, valued at $165,947.60. The disclosure for this purchase can be found here. 5.80% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of American National Bankshares by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 252,538 shares of the financial services provider’s stock valued at $6,359,000 after buying an additional 13,466 shares during the last quarter. Vanguard Group Inc. increased its position in American National Bankshares by 7.1% in the second quarter. Vanguard Group Inc. now owns 334,459 shares of the financial services provider’s stock valued at $8,422,000 after buying an additional 22,138 shares during the period. BlackRock Advisors LLC increased its position in American National Bankshares by 1.2% in the second quarter. BlackRock Advisors LLC now owns 4,694 shares of the financial services provider’s stock valued at $118,000 after buying an additional 55 shares during the period. BlackRock Investment Management LLC increased its position in American National Bankshares by 5.4% in the second quarter. BlackRock Investment Management LLC now owns 35,238 shares of the financial services provider’s stock valued at $887,000 after buying an additional 1,811 shares during the period. Finally, Alliancebernstein L.P. bought a new position in American National Bankshares during the second quarter valued at $201,000. 31.26% of the stock is owned by institutional investors.
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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. Community banking involves making loans to and generating deposits from individuals and businesses.
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