American National Bankshares, Inc. (NASDAQ:AMNB) Stake Raised by Alliancebernstein L.P.

Alliancebernstein L.P. raised its holdings in shares of American National Bankshares, Inc. (NASDAQ:AMNB) by 52.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,800 shares of the financial services provider’s stock after purchasing an additional 4,400 shares during the period. Alliancebernstein L.P. owned 0.15% of American National Bankshares worth $473,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of American National Bankshares by 3.0% during the first 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of American National Bankshares by 4.8% in 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 acquiring an additional 12,687 shares during the period. Wellington Management Group LLP acquired a new position in shares of American National Bankshares in the 1st quarter valued at $4,589,000. Systematic Financial Management LP increased its position in shares of American National Bankshares by 21.0% in 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 acquiring an additional 19,885 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of American National Bankshares by 2.3% in the 1st quarter. Renaissance Technologies LLC now owns 98,300 shares of the financial services provider’s stock valued at $3,662,000 after acquiring an additional 2,200 shares during the period. 34.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of American National Bankshares, Inc. (AMNB) opened at $38.25 on Wednesday. The firm has a market capitalization of $325.57, a PE ratio of 18.92 and a beta of 0.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92. American National Bankshares, Inc. has a 12-month low of $28.69 and a 12-month high of $42.99.

American National Bankshares (NASDAQ:AMNB) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $18.14 million for the quarter, compared to the consensus estimate of $17.56 million. American National Bankshares had a return on equity of 8.39% and a net margin of 23.04%. equities analysts anticipate that American National Bankshares, Inc. will post 2.05 earnings per share for the current fiscal year.

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In other American National Bankshares news, Director Charles H. Majors sold 1,800 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $39.51, for a total transaction of $71,118.00. Following the sale, the director now directly owns 55,786 shares of the company’s stock, valued at approximately $2,204,104.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.39% of the stock is currently owned by company insiders.

Several research firms recently issued reports on AMNB. downgraded American National Bankshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th. downgraded American National Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Raymond James Financial, Inc. reissued a “market perform” rating on shares of American National Bankshares in a research report on Friday, October 20th. downgraded American National Bankshares to a “market perform” rating in a research report on Friday, October 20th. Finally, raised American National Bankshares from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.00.

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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