Nisa Investment Advisors LLC purchased a new stake in American National Bankshares Inc. (NASDAQ:AMNB – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,000 shares of the financial services provider’s stock, valued at approximately $38,000.
Other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of American National Bankshares by 8.1% during the 4th quarter. Renaissance Technologies LLC now owns 128,791 shares of the financial services provider’s stock worth $4,853,000 after acquiring an additional 9,700 shares during the period. Brown Advisory Inc. lifted its holdings in shares of American National Bankshares by 27.6% during the 4th quarter. Brown Advisory Inc. now owns 26,000 shares of the financial services provider’s stock worth $980,000 after acquiring an additional 5,626 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of American National Bankshares by 16.9% during the 4th quarter. Acadian Asset Management LLC now owns 22,610 shares of the financial services provider’s stock worth $851,000 after acquiring an additional 3,261 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of American National Bankshares during the 4th quarter worth about $325,000. Finally, Bailard Inc. acquired a new position in American National Bankshares in the first quarter valued at about $263,000. 39.82% of the stock is owned by institutional investors.
American National Bankshares Stock Performance
NASDAQ AMNB opened at $36.29 on Monday. The firm has a market cap of $388.52 million, a price-to-earnings ratio of 10.11 and a beta of 0.99. American National Bankshares Inc. has a 1-year low of $30.53 and a 1-year high of $40.34. The company has a 50 day moving average of $34.87 and a 200-day moving average of $36.37. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08.
American National Bankshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be given a $0.28 dividend. The ex-dividend date is Thursday, September 1st. This represents a $1.12 dividend on an annualized basis and a yield of 3.09%. American National Bankshares’s payout ratio is 31.20%.
American National Bankshares Company Profile
American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates in two segments, Community Banking and Wealth Management. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits.
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