LSV Asset Management Reduces Position in American National BankShares Inc (NASDAQ:AMNB)

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LSV Asset Management cut its holdings in shares of American National BankShares Inc (NASDAQ:AMNB) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,448 shares of the financial services provider’s stock after selling 4,907 shares during the period. LSV Asset Management owned approximately 0.61% of American National BankShares worth $2,652,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in American National BankShares by 532.0% during the fourth quarter. Bank of America Corp DE now owns 31,175 shares of the financial services provider’s stock worth $914,000 after purchasing an additional 26,242 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in American National BankShares by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 373,505 shares of the financial services provider’s stock worth $10,947,000 after purchasing an additional 12,763 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in American National BankShares by 509.5% during the first quarter. BNP Paribas Arbitrage SA now owns 1,725 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,442 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in American National BankShares by 21.9% during the first quarter. Wedge Capital Management L L P NC now owns 23,168 shares of the financial services provider’s stock worth $809,000 after purchasing an additional 4,162 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in American National BankShares by 11.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,321 shares of the financial services provider’s stock worth $605,000 after purchasing an additional 1,835 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors.

A number of analysts have commented on AMNB shares. Raymond James set a $40.00 price target on shares of American National BankShares and gave the company a “buy” rating in a research note on Friday, July 19th. BidaskClub cut shares of American National BankShares from a “sell” rating to a “strong sell” rating in a research note on Wednesday. ValuEngine cut shares of American National BankShares from a “hold” rating to a “sell” rating in a research note on Monday, July 22nd. Finally, Zacks Investment Research cut shares of American National BankShares from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $39.00.

In related news, EVP Hunter Gregg Strader acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $35.67 per share, with a total value of $71,340.00. Following the completion of the transaction, the executive vice president now directly owns 19,081 shares of the company’s stock, valued at $680,619.27. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dan Miller Pleasant acquired 1,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was bought at an average cost of $35.07 per share, for a total transaction of $35,070.00. Following the completion of the transaction, the director now directly owns 23,228 shares of the company’s stock, valued at $814,605.96. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 11,500 shares of company stock valued at $404,480. Corporate insiders own 5.03% of the company’s stock.

AMNB stock traded up $0.27 during trading hours on Wednesday, reaching $33.98. The stock had a trading volume of 2,032 shares, compared to its average volume of 13,483. The stock has a market capitalization of $381.10 million, a PE ratio of 12.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50-day simple moving average of $35.36 and a 200 day simple moving average of $35.67. American National BankShares Inc has a fifty-two week low of $28.39 and a fifty-two week high of $41.80.

American National BankShares (NASDAQ:AMNB) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.18. The firm had revenue of $24.67 million during the quarter, compared to analysts’ expectations of $24.44 million. American National BankShares had a net margin of 16.93% and a return on equity of 11.14%. On average, sell-side analysts forecast that American National BankShares Inc will post 2.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a $0.27 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.08 dividend on an annualized basis and a yield of 3.18%. This is a boost from American National BankShares’s previous quarterly dividend of $0.25. American National BankShares’s dividend payout ratio (DPR) is currently 37.17%.

American National BankShares 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 Trust and Investment Services. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits, as well as certificates of deposit.

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

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