American National Bankshares (NASDAQ:AMNB) Stock Crosses Above 200-Day Moving Average of $45.20

American National Bankshares Inc. (NASDAQ:AMNB) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $45.20 and traded as high as $48.25. American National Bankshares shares last traded at $47.76, with a volume of 119,400 shares.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on American National Bankshares in a report on Saturday. They set a “sell” rating for the company.

American National Bankshares Trading Down 0.3 %

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $46.87 and a two-hundred day moving average of $45.24. The stock has a market capitalization of $507.69 million, a price-to-earnings ratio of 19.49 and a beta of 0.91.

American National Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Tuesday, February 20th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Friday, February 16th. American National Bankshares’s dividend payout ratio (DPR) is currently 48.98%.

Institutional Investors Weigh In On American National Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of AMNB. Bank of New York Mellon Corp lifted its holdings in American National Bankshares by 293.2% in the third quarter. Bank of New York Mellon Corp now owns 242,412 shares of the financial services provider’s stock valued at $9,197,000 after acquiring an additional 180,767 shares during the period. American National Bank & Trust Co. VA purchased a new position in shares of American National Bankshares in the first quarter valued at $5,897,000. Qube Research & Technologies Ltd purchased a new position in shares of American National Bankshares in the third quarter valued at $3,021,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of American National Bankshares in the third quarter valued at $2,700,000. Finally, Gabelli Funds LLC purchased a new position in shares of American National Bankshares in the third quarter valued at $2,461,000. Institutional investors and hedge funds own 47.92% of the company’s stock.

American National Bankshares Company Profile

As of April 1, 2024, American National Bankshares Inc was acquired by Atlantic Union Bankshares Corporation. American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that engages in the provision of financial products and services. The company operates through two segments: Community Banking and Wealth Management.