American National Bankshares, Inc. (AMNB) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its position in shares of American National Bankshares, Inc. (NASDAQ:AMNB) by 12.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,517 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. California State Teachers Retirement System owned 0.17% of American National Bankshares worth $536,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in American National Bankshares by 10.8% during the 1st quarter. Bank of America Corp DE now owns 2,801 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 273 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in American National Bankshares by 20.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,152 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 1,223 shares during the last quarter. Wells Fargo & Company MN grew its stake in American National Bankshares by 5.7% during the 2nd quarter. Wells Fargo & Company MN now owns 7,372 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 398 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of American National Bankshares in the 1st quarter valued at about $283,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of American National Bankshares by 2.4% in the 1st quarter. Alliancebernstein L.P. now owns 8,400 shares of the financial services provider’s stock valued at $313,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 33.32% of the company’s stock.

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut American National Bankshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th. ValuEngine cut American National Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Raymond James Financial reissued a “market perform” rating on shares of American National Bankshares in a report on Friday, October 20th. National Bank Financial cut American National Bankshares to a “market perform” rating in a report on Friday, October 20th. Finally, Zacks Investment Research raised American National Bankshares from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. American National Bankshares currently has an average rating of “Hold” and an average price target of $41.00.

In related news, Director Charles H. Majors sold 907 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $39.50, for a total value of $35,826.50. Following the completion of the transaction, the director now owns 54,902 shares of the company’s stock, valued at approximately $2,168,629. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director F D. Hornaday III sold 1,500 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $60,465.00. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock valued at $179,052 in the last ninety days. 6.39% of the stock is currently owned by insiders.

American National Bankshares, Inc. (NASDAQ:AMNB) opened at $39.40 on Wednesday. The stock has a market capitalization of $351.52, a PE ratio of 20.43 and a beta of 0.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. American National Bankshares, Inc. has a fifty-two week low of $30.85 and a fifty-two week high of $42.99.

American National Bankshares (NASDAQ:AMNB) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business had revenue of $18.14 million during the quarter, compared to analysts’ expectations of $17.56 million. American National Bankshares had a return on equity of 8.39% and a net margin of 23.04%. sell-side analysts expect that American National Bankshares, Inc. will post 2.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.25 dividend. This is a boost from American National Bankshares’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.54%. American National Bankshares’s dividend payout ratio is presently 50.25%.

TRADEMARK VIOLATION NOTICE: “American National Bankshares, Inc. (AMNB) Shares Sold by California State Teachers Retirement System” was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/12/06/american-national-bankshares-inc-amnb-shares-sold-by-california-state-teachers-retirement-system.html.

American National Bankshares Profile

American National Bankshares Inc is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. The Community banking segment involves making loans to and generating deposits from individuals and businesses.

Want to see what other hedge funds are holding AMNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American National Bankshares, Inc. (NASDAQ:AMNB).

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

Receive News & Ratings for American National Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Bankshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply