CoreCap Advisors LLC Cuts Holdings in American National Bankshares Inc. (NASDAQ:AMNB)

CoreCap Advisors LLC trimmed its holdings in shares of American National Bankshares Inc. (NASDAQ:AMNB) by 22.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,636 shares of the financial services provider’s stock after selling 1,664 shares during the quarter. CoreCap Advisors LLC owned approximately 0.05% of American National Bankshares worth $275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AMNB. Raymond James Financial Services Advisors Inc. grew its holdings in American National Bankshares by 41.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,007 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 4,388 shares during the last quarter. MetLife Investment Management LLC grew its holdings in American National Bankshares by 58.8% in the first quarter. MetLife Investment Management LLC now owns 6,847 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 2,536 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of American National Bankshares by 50.4% during the first quarter. Panagora Asset Management Inc. now owns 14,897 shares of the financial services provider’s stock worth $561,000 after buying an additional 4,990 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of American National Bankshares by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 432,592 shares of the financial services provider’s stock worth $16,300,000 after buying an additional 8,302 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of American National Bankshares by 0.3% during the first quarter. Vanguard Group Inc. now owns 497,312 shares of the financial services provider’s stock worth $18,738,000 after buying an additional 1,369 shares during the period. 47.92% of the stock is owned by hedge funds and other institutional investors.

American National Bankshares Price Performance

NASDAQ:AMNB opened at $47.92 on Thursday. American National Bankshares Inc. has a one year low of $25.26 and a one year high of $50.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $509.39 million, a price-to-earnings ratio of 19.56 and a beta of 0.90. The firm’s fifty day moving average is $45.82 and its two-hundred day moving average is $43.47.

American National Bankshares (NASDAQ:AMNB) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.31). American National Bankshares had a net margin of 18.88% and a return on equity of 7.88%. The business had revenue of $36.27 million during the quarter. Research analysts expect that American National Bankshares Inc. will post 2.6 EPS for the current year.

American National Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Friday, February 16th. American National Bankshares’s payout ratio is currently 48.98%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of American National Bankshares in a research note on Friday, March 22nd. They set a “sell” rating for the company.

Insider Transactions at American National Bankshares

In related news, EVP Jeffrey W. Farrar sold 651 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $47.03, for a total transaction of $30,616.53. Following the completion of the transaction, the executive vice president now owns 9,887 shares in the company, valued at approximately $464,985.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other American National Bankshares news, EVP Jeffrey W. Farrar sold 651 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $47.03, for a total value of $30,616.53. Following the completion of the sale, the executive vice president now owns 9,887 shares in the company, valued at approximately $464,985.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Rhonda P. Joyce sold 630 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $47.03, for a total transaction of $29,628.90. Following the completion of the sale, the senior vice president now owns 16,688 shares of the company’s stock, valued at approximately $784,836.64. The disclosure for this sale can be found here. Corporate insiders own 4.26% of the company’s stock.

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 through two segments, Community Banking and Wealth Management. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits.