Raymond James Financial Services Advisors Inc. Has $603,000 Holdings in American National Bankshares Inc. (NASDAQ:AMNB)

Raymond James Financial Services Advisors Inc. increased its position in shares of American National Bankshares Inc. (NASDAQ:AMNBGet Rating) by 31.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,870 shares of the financial services provider’s stock after acquiring an additional 4,471 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.18% of American National Bankshares worth $603,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Captrust Financial Advisors raised its holdings in shares of American National Bankshares by 14.5% during the second quarter. Captrust Financial Advisors now owns 20,015 shares of the financial services provider’s stock valued at $693,000 after acquiring an additional 2,536 shares during the period. State Street Corp raised its holdings in shares of American National Bankshares by 2.1% during the second quarter. State Street Corp now owns 205,562 shares of the financial services provider’s stock valued at $7,115,000 after acquiring an additional 4,236 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of 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 acquiring an additional 1,299 shares during the period. Rhumbline Advisers increased its stake in American National Bankshares by 14.1% in the 2nd quarter. Rhumbline Advisers now owns 15,036 shares of the financial services provider’s stock valued at $520,000 after buying an additional 1,859 shares during the period. Finally, Gladius Capital Management LP acquired a new position in American National Bankshares in the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 39.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMNB shares. StockNews.com started coverage on shares of American National Bankshares in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods lowered shares of American National Bankshares from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a research note on Monday, December 12th.

American National Bankshares Stock Down 1.1 %

American National Bankshares stock opened at $34.50 on Wednesday. The firm has a market cap of $366.08 million, a PE ratio of 10.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50 day moving average price is $37.07 and its two-hundred day moving average price is $35.47. American National Bankshares Inc. has a twelve month low of $31.62 and a twelve month high of $39.69.

American National Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 2nd were paid a dividend of $0.30 per share. This is a positive change from American National Bankshares’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.48%. American National Bankshares’s dividend payout ratio is 37.15%.

American National Bankshares Profile

(Get Rating)

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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Institutional Ownership by Quarter for American National Bankshares (NASDAQ:AMNB)

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