Eagle Ridge Investment Management continued to hold its position in shares of American National Bankshares, Inc. (NASDAQ:AMNB) during the second quarter, Holdings Channel reports. The institutional investor owned 5,799 shares of the financial services provider’s stock at the end of the second quarter. Eagle Ridge Investment Management’s holdings in American National Bankshares were worth $214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE increased its position in American National Bankshares by 10.8% in the first quarter. Bank of America Corp DE now owns 2,801 shares of the financial services provider’s stock valued at $104,000 after buying an additional 273 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in American National Bankshares during the fourth quarter valued at $160,000. American International Group Inc. increased its position in American National Bankshares by 6.9% in the first quarter. American International Group Inc. now owns 5,049 shares of the financial services provider’s stock valued at $188,000 after buying an additional 328 shares during the last quarter. Wells Fargo & Company MN increased its position in American National Bankshares by 2.3% in the first quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock valued at $260,000 after buying an additional 159 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in American National Bankshares by 12.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,539 shares of the financial services provider’s stock valued at $281,000 after buying an additional 847 shares during the last quarter. Institutional investors own 34.48% of the company’s stock.

American National Bankshares, Inc. (AMNB) opened at 38.20 on Friday. The firm has a 50-day moving average price of $37.19 and a 200 day moving average price of $36.66. The company has a market capitalization of $330.12 million, a P/E ratio of 20.11 and a beta of 0.77. American National Bankshares, Inc. has a 1-year low of $25.74 and a 1-year high of $42.49.

American National Bankshares (NASDAQ:AMNB) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.49. The business had revenue of $17.26 million during the quarter, compared to analysts’ expectations of $16.93 million. American National Bankshares had a return on equity of 8.09% and a net margin of 22.82%. On average, equities analysts predict that American National Bankshares, Inc. will post $2.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, August 30th. American National Bankshares’s dividend payout ratio (DPR) is presently 50.79%.

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Several research analysts have weighed in on the company. Zacks Investment Research upgraded American National Bankshares from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Monday, July 24th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 price target on shares of American National Bankshares in a research note on Thursday, July 27th. BidaskClub downgraded American National Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, ValuEngine downgraded American National Bankshares from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.

American National Bankshares Company 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.

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

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