American National Bankshares Inc. (NASDAQ:AMNB – Get Rating) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 108,700 shares, a drop of 9.9% from the August 15th total of 120,700 shares. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is currently 7.8 days. Currently, 1.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On American National Bankshares
A number of hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new position in shares of American National Bankshares during the second quarter valued at $27,000. Lazard Asset Management LLC purchased a new position in shares of American National Bankshares during the first quarter valued at $27,000. Nisa Investment Advisors LLC acquired a new stake in American National Bankshares during the first quarter valued at $38,000. Amalgamated Bank acquired a new stake in American National Bankshares during the first quarter valued at $48,000. Finally, BNP Paribas Arbitrage SA boosted its position in American National Bankshares by 47.2% during the second quarter. BNP Paribas Arbitrage SA now owns 4,052 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 1,299 shares during the last quarter. 40.43% of the stock is currently owned by institutional investors and hedge funds.
American National Bankshares Stock Up 3.3 %
Shares of AMNB stock opened at $34.19 on Monday. American National Bankshares has a 1 year low of $31.02 and a 1 year high of $40.34. The stock has a market cap of $364.60 million, a PE ratio of 9.52 and a beta of 0.99. The business’s fifty day moving average is $34.43 and its 200-day moving average is $35.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.82 and a current ratio of 0.82.
American National Bankshares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Thursday, September 1st. American National Bankshares’s payout ratio is 31.20%.
About American National Bankshares
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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