American National Bankshares Inc. (NASDAQ:AMNB) Sees Significant Decrease in Short Interest

American National Bankshares Inc. (NASDAQ:AMNB – Get Rating) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 61,700 shares, a decrease of 7.8% from the February 13th total of 66,900 shares. Based on an average trading volume of 15,500 shares, the short-interest ratio is currently 4.0 days. Currently, 0.6% of the company’s shares are sold short.

American National Bankshares Trading Up 1.3 %

NASDAQ AMNB opened at $30.58 on Thursday. The firm has a market capitalization of $324.45 million, a P/E ratio of 9.47 and a beta of 0.94. The business has a fifty day simple moving average of $34.35 and a 200 day simple moving average of $35.13. American National Bankshares has a 12 month low of $29.44 and a 12 month high of $38.89. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.09.

American National Bankshares (NASDAQ:AMNB – Get Rating) last released its quarterly earnings results on Thursday, January 19th. The financial services provider reported $0.76 EPS for the quarter. American National Bankshares had a return on equity of 10.58% and a net margin of 29.99%. The business had revenue of $27.90 million during the quarter.

American National Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Friday, March 3rd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $1.20 annualized dividend and a yield of 3.92%. American National Bankshares’s dividend payout ratio is currently 37.15%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut American National Bankshares from an “outperform” rating to a “market perform” rating and set a $42.00 target price on the stock. in a report on Monday, December 12th.

Insider Activity at American National Bankshares

In related news, CEO Jeffrey V. Haley bought 2,955 shares of American National Bankshares stock in a transaction that occurred on Tuesday, March 14th. The shares were acquired at an average cost of $31.67 per share, for a total transaction of $93,584.85. Following the completion of the acquisition, the chief executive officer now directly owns 83,620 shares of the company’s stock, valued at approximately $2,648,245.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMNB. Lazard Asset Management LLC bought a new stake in shares of American National Bankshares during the 1st quarter valued at about $27,000. Gladius Capital Management LP purchased a new position in American National Bankshares in the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC purchased a new position in American National Bankshares in the 3rd quarter worth approximately $30,000. Carolinas Wealth Consulting LLC lifted its stake in American National Bankshares by 964.3% in the third quarter. Carolinas Wealth Consulting LLC now owns 11,228 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 10,173 shares during the period. Finally, UBS Group AG raised its holdings in American National Bankshares by 103.8% in the 3rd quarter. UBS Group AG now owns 1,392 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 709 shares in the last quarter. Institutional investors own 39.08% of the company’s stock.

About American National Bankshares

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American National Bankshares, Inc (Virginia) is a one-bank holding company, which engages in the provision of financial products and services. It offers commercial, mortgage and consumer banking, trust and investment services, and insurance. It operates through the following segments: Community Banking, Trust and Investment Services, and Other.