Rhumbline Advisers Increases Stake in American National BankShares Inc (AMNB)

Rhumbline Advisers boosted its position in American National BankShares Inc (NASDAQ:AMNB) by 43.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,810 shares of the financial services provider’s stock after purchasing an additional 3,599 shares during the quarter. Rhumbline Advisers owned about 0.14% of American National BankShares worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Macquarie Group Ltd. lifted its stake in American National BankShares by 703.3% in the third quarter. Macquarie Group Ltd. now owns 3,213 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 2,813 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in American National BankShares by 58.8% in the third quarter. MetLife Investment Advisors LLC now owns 6,847 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 2,536 shares during the last quarter. Woodmont Investment Counsel LLC bought a new stake in American National BankShares in the third quarter worth $401,000. FMR LLC bought a new stake in American National BankShares in the third quarter worth $2,388,000. Finally, Renaissance Technologies LLC lifted its stake in American National BankShares by 4.7% in the third quarter. Renaissance Technologies LLC now owns 141,771 shares of the financial services provider’s stock worth $5,529,000 after purchasing an additional 6,395 shares during the last quarter. Institutional investors own 38.64% of the company’s stock.

In other news, EVP Hunter Gregg Strader sold 930 shares of the company’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $32.40, for a total value of $30,132.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dan Miller Pleasant bought 1,060 shares of the firm’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was purchased at an average price of $32.87 per share, with a total value of $34,842.20. Following the completion of the purchase, the director now owns 20,155 shares in the company, valued at $662,494.85. The disclosure for this purchase can be found here. Company insiders own 5.91% of the company’s stock.

AMNB has been the subject of several recent research reports. Raymond James raised shares of American National BankShares from an “outperform” rating to a “strong-buy” rating in a research note on Monday, January 7th. ValuEngine raised shares of American National BankShares from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. BidaskClub cut shares of American National BankShares from a “sell” rating to a “strong sell” rating in a report on Friday, December 28th. Finally, Zacks Investment Research cut shares of American National BankShares from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. American National BankShares presently has a consensus rating of “Hold” and a consensus price target of $39.00.

AMNB traded up $0.16 during trading on Monday, hitting $34.90. The company’s stock had a trading volume of 11,000 shares, compared to its average volume of 17,608. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13. American National BankShares Inc has a one year low of $28.39 and a one year high of $42.85. The company has a market capitalization of $301.84 million, a PE ratio of 13.04 and a beta of 0.94.

American National BankShares (NASDAQ:AMNB) last released its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.03). The business had revenue of $18.01 million during the quarter, compared to the consensus estimate of $18.73 million. American National BankShares had a return on equity of 10.89% and a net margin of 27.52%. Equities analysts forecast that American National BankShares Inc will post 2.95 earnings per share for the current fiscal year.

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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 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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